How to sell?
What are the different methods of sale? At LJ Hooker House, we’ve broken down the process to help you to make the right decision.
Selling by Auction
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An auction is a defined timeline. It impresses on the otherwise procrastinating buyer that they cannot delay their participation in the buying process, because if they do, auction day will see the property in the new ownership of someone other than themselves. - Generates the maximum number of prospects who come for a “no-obligation” inspection
- Attracts buyers whose own original price expectations were both above and below the price being sought for the auction property.
- Brings extra buyers into contact with our sales organisation in relation to your property.
- Competition negotiates the price in only one direction – upwards.
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Overall, auction creates higher sale prices, and more predictable and manageable periods of time from offer to sale.
At LJ Hooker House, we have state-of-the-art, custom built auction rooms - Click here to find out more and see a recording of a live auction on our blog.
Selling by Private Treaty
- For properties where there are several of similar or identical character, or value, on the market.
- Private treaty prices are usually seen by buyers as a starting price at the very top of expectations.
- Negotiation usually consists of discussing prices/receiving offers, which are below the asking price.
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By using a fixed sale price you can, however, run the risk of “screening out” those buyers who could afford to pay either above or below that price.
We would take into consideration factors such as the position, quality and presentation of your property before recommending the best method of sale for your needs.
Talk to us today on 02 9969 1500