News

Melbourne Cup Month

Wednesday, November 05, 2008

Auctioning your home is a Risky Gamble. Find out the solution to a 'Safe Bet' for your sale...

Melbourne cup month

Here’s my tip.

Betting on a horse in the Melbourne Cup is a far safer bet than getting the best price by Auctioning your home. 

Newspapers and many agents in the inner Adelaide area continue to Hype up auctions as a preferred method to sell your home. In reality it puts the home owner at extreme risk while at the same time the Home owner is also footing a large Advertising bill.

To find out how Auctions get lower prices go to this link  (jenman website Consumer alert Auctions get lower prices)

I learned 10 years ago how auctions cannot get the highest price. (I have not auctioned a home since.)

And what’s more.  I have proof!  Over the past few years I have represented many Buyers at Auctions who have purchased the home for much less than they were prepared to pay.

Sometimes it was a matter of around $10,000, sometimes $30,000, and in the worst case it was a staggering $255,000!

Some of these agents/auctioneers were Golden Gavel winners or finalists. What does this mean then to have the best auctioneers in the State still losing great amounts of money for their Vendors?

How devastating would it be for the Vendors involved if they knew that their homes had been undersold by these massive amounts. It would also be an eye opener to those ‘High Profile’ Agents involved to realise how much money they were losing for their clients.

Kevin Walter

Ps. If there was a better and safer way to obtain the best price for your home, would you want to know about it? The good news is that there is a better way.

 Please contact us for further information.

Walter & Irvine Real Estate (08) 8272 9277

232 Unley Road Unley. OPEN 7 DAYS

sales@walterandirvine.com.au

 

---

Back to the news archive or the front page