Starting on Monday 12th July, I am beginning a 4 week series covering all aspects of auctions. Beach & Bay Realty tracks auctions in the suburbs of Cronulla, Woolooware, Burraneer, Caringbah, Caringbah South, Lilli Pilli and Dolans Bay every week and from this we receive lots of questions from the public on various aspects of the auction process. In the following weeks I will endeavour to throw some light on the often perceived daunting process of an auction campaign and answer some of your questions. If there is anything specific you would like me to cover please email me at kylie@beachandbay.com.au or leave a comment.
When you have been in the industry as long as I have you tend to live and breathe real estate so it’s sometimes easy to forget that buyers and sellers may be completely new to auctions, are scared of the thought and don’t know the jargon. The point of this auction series is to write things out in plain and simple terms – and to state the taken for granted knowledge I’ve gained from experience.
If you disagree with anything I write please make a comment or email, I am open to other view points and definitely open to discussion. Some of the topics to be covered will be:
- Auction Vs Private Treaty? – How do you choose whether to put a price on your property or go to auction?
- Do you know what a vendor bid is?
- How much is an auctioneer?
- Onsite VS In-room auctions?
- Does an auction campaign cost more than private treaty?
- Bidders guide for auction day
- The difference between a vendor bid and the reserve
- When is the reserve set?
- Can an auctioneer knock back my bid?
- Auctioneer VS Agent? Their role on auction day
- Unconditional, 66W and cool off exchanges
My qualifications:
I am a Licensed Real Estate Agent and I have been selling real estate for 14 years. I am also a fully licensed, non practising Auctioneer!
