I am recently thinking to sell my apartment in Sydney so I called up an agent to have a look and see what he could do about it.
I was expecting they'd be telling me by doing open for inspection but however, I am surprised they recommend me to sell it by auction and it can be sold higher than expected price due to first home buyers and economy boost in recent months.
The price I would be looking is around $650K. I mean I have never actually been through the process of selling it by property auctions in my life before and my major concern is that I'd might end up getting the price lower than expected. Even though I put my reserve price, I'm still concern after all these 4 weeks advertising campaign and did not reach my expected price & want to withdraw the price (if the price did not meet my expectations at the auction), I would be wasting $$
A few questions here:
1) From what my agent told me, would it be true that going through the auction is recommended and well worth it to get a higher price?
2) What is the approx. cost and\or the breakdown if I was to do the whole campaign e.g. advertising, auction fee etc.
3) And what are the pros and cons of selling in the auction through an agent?
I have not given an answer to the agent yet but I would like to do more homework before officially making a decision
Your feedback would be very much appreciated.
I was expecting they'd be telling me by doing open for inspection but however, I am surprised they recommend me to sell it by auction and it can be sold higher than expected price due to first home buyers and economy boost in recent months.
The price I would be looking is around $650K. I mean I have never actually been through the process of selling it by property auctions in my life before and my major concern is that I'd might end up getting the price lower than expected. Even though I put my reserve price, I'm still concern after all these 4 weeks advertising campaign and did not reach my expected price & want to withdraw the price (if the price did not meet my expectations at the auction), I would be wasting $$
A few questions here:
1) From what my agent told me, would it be true that going through the auction is recommended and well worth it to get a higher price?
2) What is the approx. cost and\or the breakdown if I was to do the whole campaign e.g. advertising, auction fee etc.
3) And what are the pros and cons of selling in the auction through an agent?
I have not given an answer to the agent yet but I would like to do more homework before officially making a decision
Your feedback would be very much appreciated.