Powered by MOMENTUM MEDIA
realestatebusiness logo
Powered by MOMENTUM MEDIA
realestatebusiness logo
Subscribe to our newsletter SIGN UP

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

4 ways that auctions set a point of difference

10 October 2017 David Holmes

I am often told by agents that “auctions don’t work in our area”, which couldn’t be further from the truth. Here are four ways to establish your auction's point of difference.

If you’re located in what you believe is not an auction market, then it’s time to shake up your local industry and set yourself apart from the rest.

When we train our auctioneers, we teach them all about the positive aspects of auction campaigns and how they’re a more transparent selling method for both buyers and sellers.

If you’re thinking about launching yourself into the auction market, these four tips might just make your mind up for you.

Advertisement
Advertisement

1. You’ll stand out from the crowd

It’s true that there are markets in which there is a limited auction culture, but these areas are ideal for agents who are ready to shake things up and create a positive point of difference. With the right marketing and a keen vendor, you’re sure to get the ball rolling.

2. Auction campaigns give structure

Private treaty campaigns can often drag on and on, especially if vendors are uncertain about selling and buyers seem to be messing around. If you’re thinking about launching an auction campaign, then make sure you set the auction date and work toward that deadline. Auction campaigns ensure good time management from all parties and wean out those buyers and sellers who can’t make up their minds.

3. Sell, sell, sell

With the tight timelines and looming deadlines of an auction campaign, you’re spending less time on each individual listing than you normally would. This means that you’ll be achieving a greater number of sales at a higher income, or in other words, you’ll have a greater list-to-sell ratio.

4. Closing the gap

Another positive aspect of an auction campaign is that you’re eliminating the margin of error at listing presentations. Auction campaigns allow for a smaller chance for competing agents to over or underquote on the same property.

4 ways that auctions set a point of difference
davidholmes 250x250 oct2017
lawyersweekly logo
David Holmes

David Holmes

David is responsible for the development of auctions within the LJ Hooker network, as well as coaching LJ Hooker’s future captains recruits.

FROM THE WEB
Recommended by Spike Native Network
Do you have an industry update?
REAL ESTATE BUSINESS NEWSLETTER
Ensure you never miss an issue of the Real Estate Business Bulletin. Enter your email to receive the latest real estate advice and tools to help you sell.