Auctions are designed to flush out any cash buyers for a property - this is the ultimate for a vendor selling their home - to get a cash unconditional sale at a level acceptable to allow them to move on with their lives.
During the auction process, conditional buyers will view the property as well – these are people with things to arrange like finance, or they have a home to sell themselves. Immediately after a property is passed in at auction those buyers identified as potential conditional purchasers for the property are dealt with. On average, over 20% of the properties we take to auction go under contract within 14 days of the property being passed in.
Auctions are still the strongest method of selling residential property and our passionate EVES auction department and our salespeople do auctions really, really well.
If you are considering selling give us a call and let us talk you through this method - it works!