The top end seems to be doing better in the last few weeks so people are definitely seeing the value. If your property is not priced within that 3% you are going to sit on the market as there are 13,985 properties for sale in Perth so you have to be competitive.
With a lot of price reductions happening this week throughout the Western Suburbs I have noted that some properties have been on for 2+ years. I couldn’t imagine how bad it would be to have a home open every weekend, just preparing for it with these huge homes is a major task.
Auction still is in my view one of the best ways to sell a property as you have half the time on the market.
The key is understanding that an auction was not a one-day event but a process. This is an intense marketing campaign designed to attract maximum attention for your property. The auction date encourages buyers to act and the auction itself is transparent so that all buyers can see what others are prepared to offer (bid) and they can increase their offer as the bidding goes along. I have always believed that auction is the most transparent way of buying for all buyers. People just need to come to grips with Auction it isn’t that hard to negotiate terms before the Auction probably not just on the day.
If you want any tips about Auction then just give us a call buyer or selling !!
Office number 08 9384 4600 or 0415 853 926 or firstname.lastname@example.org