Ever wondered just how successful auctions are in the city and in regional areas in Queensland? Generally words come to mind like how to sell my house quickly or how to sell my home fast when vendors think of auction. And generally agents will embrace your thoughts and sign you up to auction for a sure fire home sale success.
Now you are thinking again ‘this is how to sell house quickly’ and your expectations and emotions are highly elevated. Then comes the marketing costs, the house price estimate and best of all for the agent, your home, for auction, in the local real estate listings.
So you ask yourself ‘what is the market value of my home’? The agent will most probably have researched this but will ask you to reveal your candid estimate and then agree to go with this figure. Under relatively new laws in Queensland, the agent is not permitted to reveal this price to any potential buyer.
So do you sell your house at auction? Here is a statement by the Chief Executive Officer of the Real Estate Institute of Queensland.*