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Should you accept an offer prior to Auction?
Measuring the potential success of your auction can help you establish whether or not to accept a pre-auction offer. You can tell if your auction is shaping up to be hot by answering these questions about buyer behaviour: Have you had many buyers request information? Have you had a number purchasers request contracts or pre…
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Auction Day for the vendor
It’s natural that auction day can cause some anxiety. You can minimise stress by understanding the auction procedure. Here’s how the day’s proceedings will unfold: Before auction day: An auction can happen very fast – so it’s really important you and your agent are clear and agreed on the process of your auction day. Things…
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Buying a property at Auction Part 2
What happens the day of the Auction: • the highest bidder is the buyer, subject to any reserve price • the auctioneer is entitled to make one bid only on behalf of the seller • before the auction, the auctioneer must announce that the auctioneer is permitted to make one bid on behalf of the…
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Buying Property at Auction Part 1
It is important to understand the auction process and understand the language. Here are a few quick tips: Reserve price – before the auction, the vendor (seller) will set a price with the auctioneer that is the minimum price they will accept. If the reserve price isn’t reached during bidding, the auctioneer will privately ask…
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Tips for Sellers – Steps to take before Auction
Unlike private treaty sales, where the price is negotiated between buyer and vendor, auctions move quickly and when the hammer falls the sale is final. In fact the bidding can all be over within a matter of minutes. At auctions, the property is sold to the highest bidder and there is no cooling off period.…
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Tips For Sellers – Home Staging
There are lots of advantages of home staging, apart from boosting the cost of your property. A staged property also forms a remarkable first impression in a buyer’s mind, as a result, enhancing the possibilities of the deal being closed as fast as possible. It can create an emotional reaction which in turn can lead…
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Tips For First Home Buyers – Know the different types of sales
There are different ways to buy property in NSW. Knowing the difference between these and the different conditions will make the process easier. Private Treaty A standard residential property transaction is known as a Private Treaty sale. This is when the vendor, or home owner, sets the price they would like to sell their property…
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Tips For Sellers – Street Appeal
Whenever you are prepping an area of your home for sale, rule number one is to always start with decluttering – and the front of your home is no exception. First impressions are very important. Buyers who are turned off by the sight of your home from the street are unlikely to look any further.…
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Tips for First Home Buyers – Deciding on a Neighbourhood
Quick Tip of the Week! Once you have your finances in order it is time to start searching! First of all it is good to figure out what are your priorities? Being close to local shopping facilities? A park to walk your dog? A certain school that’s close by? Commute to work? Take some time…
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Tips For Sellers – Focus On Minor Repairs
Make any necessary minor repairs. You’ll most likely find a buyer more quickly and the sale process will be much smoother if everything that needs to be done is taken care of before you lost your property. Fix leaks, peeling paint, anything broken. It is amazing what a fresh coat of paint can do…
