House is currently on market for auction this Saturday. Have 7-8 requests for contracts, waiting to hear back from agent for a run down in how it's looking. However, first saturday open home we had 15 groups through, and last Saturday only 2 groups through. The feedback first weekend was very positive with what appeared to be 6 genuinely interested parties.
Anyway the significant decrease to the last Saturdays open seems slightly worrying. Agent has said there is a slight down turn.
With 25 groups through in total (including mid weeks) and 7-8 contracts out, for the selling and buyers agents on this forum, how does this bode for the upcoming auction this weekend? Generally is there a rule of how many contracts out will result in ?? How many bidders? We have only had one group come through a second time and seem very interested. Are people bidding these days after seeing the property only once?
Thoughts appreciated.
Anyway the significant decrease to the last Saturdays open seems slightly worrying. Agent has said there is a slight down turn.
With 25 groups through in total (including mid weeks) and 7-8 contracts out, for the selling and buyers agents on this forum, how does this bode for the upcoming auction this weekend? Generally is there a rule of how many contracts out will result in ?? How many bidders? We have only had one group come through a second time and seem very interested. Are people bidding these days after seeing the property only once?
Thoughts appreciated.