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There is no doubt that the Auction system gets results following H&N Perry’s most recent auction. Commercial property, 108 Park Road, Mandurah had been listed For Sale using the traditional selling method of private treaty for 6 months without attracting any offers. The sellers were very keen to move the property on and so they approached us for some advice on different selling strategies. Auctioneer Frank Lawrence listed the property for auction and over the duration of a 4 week intensive marketing campaign, it attracted the attention of 5 potential new buyers and even received 2 offers prior to auction.
The sellers made the decision to proceed with the auction and on the day there were two active bidders vying for the property. Although the property was passed in on auction day, negotiations continued after the auction until an agreement was met that suited both parties leading to a successful sale within 4 days of the auction.
The auction process works because it draws buyers exclusively to your property. As an added benefit, the auction agreement is a cash, unconditional sale. This means that you don’t have to wait around for finance approvals etc. Settlement will occur within 28 days of the sale. As the seller – you set the auction day, you set the reserve price and you reap the rewards!
If you’ve been trying to sell but have been unable to locate a buyer, maybe it’s time to change tactics. Frank Lawrence is a 4 time winner of REIWA’s coveted Auctioneer Of The Year Award. With over $70 million worth of property sold by auction, we know that our system works. Whether your property is residential or commercial, call Frank Lawrence on 0412 903 375 and let him explain how an auction can work for you.