Getting in on the Auction
Selling homes via auction has proved popular in the past with British homeowners especially those looking for a quick sale however in today’s sluggish market sale values are down by 44% year on year according to the Essential Information Group. No longer is a vendor assured a sale at auction because buyers are becoming further and fewer between, and those who are coming to auctions to buy property can afford to be much more choosy. What this effectively means is that vendors really have to step up to the mark if they want their home to sell, and to sell at a good price.
To prepare your home for auction you need to set the reserve price in consultation with the auctioneer, prepare a contract with the terms and conditions for the sale, and then have your home in a state of readiness and open it up for viewings. The more flexible and open you are with viewings, the more people will come and see your property and the greater the potential interest you will drum up ready for auction day. However, when you open your home for viewings you want to make sure it wows would-be vendors, which is why it is becoming increasingly popular for vendors to give their home a mini-makeover ahead of the auction day.
In Australia Auction Squad are on hand to assist would-be auction vendors to realise their home’s full potential, and now thanks to Real Estate TV, British buyers can watch the Auction Squad in action from Monday the 21st July at 10.30pm and learn how to use a small budget to make a big change to a property about to go to auction.
The Auction Squad, led by presenter Johanna Griggs, visit a different home each week and transform it from lacklustre lot to reserve-busting success. British vendors hoping to sell their home – at auction or even traditionally – will learn a lot from this show and what’s more, Auction Squad is inspiration and entertaining television.
See the Auction Squad turn ugly concrete courtyards into urban oases, watch them finish half done renovation jobs, learn how to revamp your kitchen for less and then join in the drama and tension as auction day finally arrives. Watch the Auction Squad in action on Real Estate TV from Monday the 21st of July on Sky Channels 273 & 274, on demand on Virgin TV and at www.realestatetv.tv.