Thinking of putting your real estate in Darwin on the chopping block in the coming months?
Here are a few tips to help you out at auction.
1. Work out your reserve price
Obtain a professional valuation and pair this information with an agent's appraisal and comparable property sales. This will help you to set a reserve price for you home.
Ensure it is an amount you feel comfortable with and that it is based on your home's true value.
You'll need an intense marketing campaign to generate buyer interest in the lead-up to auction day. This will likely include internet, through direct mail, local advertising and on signboards.
3. Make sure it is well presented
Ensure your property looks clean and tidy before you start your marketing campaign as first impressions count.
4. Organise open inspections
The more open inspections you have, the more opportunities buyers have to look at your property. Make sure you show off your home's best features so they feel more confident bidding later on.
5. Prepare all necessary documentation
On auction day, ensure you are ready for a sale. Have all documents and contracts prepared in advance so you do not have to go scrambling to get it organised at the last minute.