Choosing the best option for you
Still finding it hard to choose the right property sale option for you? Try and take a survey of your local area. How are other homes in your suburb being sold? This can be a good indicator of what could work better for your property. Sometimes it doesn’t matter how much you invest in marketing, the potential buyers you want to bid at auction simply might not be out there at the moment.
While you’re making your decision, ask your real estate agent for case studies for their past public auctions and private sales. See which ones performed better and it may give you a better insight. At the end of the day, you need to make sure you’re fully aware of the real estate agent fees, costs and risks associated with both options. What you want is enough information to make a more informed decision.
Just remember that public auctions can be very emotionally charged. There’s a lot more pressure involved which can sway you to make a decision you weren’t originally planning on. So try and make sure you are emotionally prepared to make one of the biggest decisions of your life leading up to the day of an auction. Rehearse your plan over and over again in your head and with a partner if you have one to ensure everyone is on the same wavelength.
Whichever option you go with, try and be comfortable with the decision you make. Understand all the requirements of the sale method you choose so there’s no last-minute doubts or confusion. Even if you’ve sold properties in the past using one method it doesn’t necessarily mean it’s the right choice this time around. Again it all comes down to factors such as the type of property you have, the suburb you’re in, the time of year and even the economic climate.
Get professional advice on the right selling method for your home. Ask the real estate experts at Vendor Advocate Melb today.