-  A U C T I O N

H E R E  I S  W H A T  Y O U  S H O U L D  E X P E C T

F E E D B A C K
We will pass on all the feedback from the market and keep you posted at all times. Generally we will use the most consistent feedback received to determine the market value. Ultimately, setting the reserve at market value will most likely ensure competitive bidding once the bids reach the reserve. Remember the purpose of the inspections leading up to the auction day is to assess the feedback so that we may determine the reserve closer to the date.

Q U O T E D   G U I D E
We will quote a guide as discussed this guide will give us an indication of the interest at that price level. If the interest is high we have ask you to increase the guide. If the interest is low than we know the guide is presumably too high and an adjustment would need to be made early t o continue the momentum of the auction campaign.

O F F E R S   P R I O R
The preference is to run the property all the way to the auction date however, if we find that one purchaser is determined to secure the property prior to the day and is offering a figure well above the feedback, then we will advise accordingly.

V E N D O R   B I D
In the event that the bidding stalls, as a vendor we are allowed to exercise one vendor bid however, the preference is not to have to use this vendor bid and ensure that the guide is accurate, the reserve is in line with feedback and competitive bidding is present.

R E S E R V E   P R I C E
The reserve price is the figure that you agree to sell the property at should the bidding reach this figure. In our experience once the reserve price has been met usually if there is enough competition bidding will increase as the purchaser is now aware that the property will be sold. Note: once we have reached reserve the vendor has an obligation to sell the property. We will meet to set the reserve generally 3-4 days prior to the auction, as by that time we would of gathered all the market feedback and have enough information to accurately determine the market value.

O T H E R   A G E N T S
Some agents may still contact you to inform you about:

- Their 'own' developers that will pay more.
- That the marketing campaign is ‘wrong’.
- How your property is worth substantially more now.

They will usually pick a figure that is unlikely to eventuate, to stop you from making a sound judgment and ultimately hold out from selling, in order to use their services at a later date. This is evident with all listings. However, it is rare in the market as most agents are ethical, but the practice is not uncommon.

C R I T I C A L   S T A G E
As we approach the auction day it is important that we assess the buyer’s feedback from previous weeks and ensure the reserve is reflective of this feedback. It is critical that we get the reserve right as over shooting the reserve could be a determent to the sale. Most auctions fail purely because of a misalignment between feedback and vendor expectations. Our aim is to exceed your expectations however the process must be followed to do this.

R E L A T I O N S H I P
Our company will never force you or engage in pressure tactics, with the view to have you enter into a contract. We will ascertain the highest possible price, whilst working closely with you. Every move we do within the auction campaign must be aligned with the feedback we have received.

N E G O T I A T I O N
We will ask you for permission to dismiss offers on your behalf, if we feel the offer is:

1. Not serious; and
2. We can get more from the market.

Once we have exhausted our efforts, at that point we will inform you that we believe the highest price has been achieved and why, after which the decision will be yours to make.

We will extract the best possible result. It is obviously in all our best interest to ensure this happens.

Please leave it all to us, relax and let us do the work.

Offers closing: <DATE>

FAQs: https://bit.ly/3h6hZU8

We have attached some further information in the following link which includes the following:

• Contract of Sale

• Privacy Act

• Photos

• Floor Plan

• Information about the area

• Details about the property

• Charming family home, ideal for those embarking on their property journey. Updated with care, this residence marries essential modern comforts with the simplicity of suburban living. Perfect for first home buyers, investors and families alike.

• Three spacious bedrooms, each adorned with stylish finishes, two with built-ins and an abundance of natural light

• The bathroom boasts a floor to ceiling tiles, sleek fixtures and a bathtub, providing the perfect sanctuary to unwind

• Open plan living and dining area that encourage both relaxation and entertainment, is adaptable to a variety of family activities

• Recently updated kitchen, streamlined for ease of use, sits at the heart of the home, featuring modern touches

• This home extends its warmth outside to a covered verandah, offering a serene outlook and a versatile space for relaxation and a shed for added storage or hobbyist activities

• Fresh updates, including paint and blinds, enhance the home’s appeal, while off-street parking, internal laundry area, and air-conditioning deliver convenience and comfort throughout the seasons

• Situated close to shops, buses and transport while surrounded by nature and nearby to schools like Regents Park Public School and Bankstown North Public School