Thursday, September 13th, 2012
One of the biggest decisions vendors have to make when they decide to put their home on the market is whether or not to sell by auction, reports the latest episode of Toop TV.

To make this decision easier the ‘Selling Your Home for Dummies Guide’ has suggested the top five factors sellers should take into consideration…

1. Auction popularity – When your home is in a suburb where auctions are the norm, potential buyers may think there is an issue with your house if you choose to sell via private treaty instead.

2. Emotional appeal – if your property possesses unique or special features which buyers would be prepared to compete for use the auction process to drive the price higher.

3. Property boom – When prices are going up in your area buyers will be willing to purchase at auction for fear that the property will go up in price in the next few months.

4. Time frame – Auctions speed up the sale process and should definitely be used if your home needs to be sold by a certain date.

And 5. Stress level – On average, auction campaigns run around four weeks so selling through auction will save you possibly preparing your home for open inspections for months on end.

According to RP Data, auctions are also proving to be an effective method of sale at this point in time with the national clearance rate increasing and currently sitting above 50%.

Also on Episode 144 of Toop TV:

- Live in the studio, Presenting Beautiful Homes stylist Ros Brebner

- Weekly Market Update on the rental market

- SA’s Finest at 108 Hewitt Avenue, Toorak Gardens

- And have a look through these three great properties in Behind the Blinds: 4 Euro Avenue, Eden Hills, 12 Thomas Grove, Bridgewater and 21 Trevelyan Street, Wayville. All past episodes are also available online.

About Toop Real Estate Group

South Australia’s largest independent residential real estate agency and the most highly awarded in the nation was founded by Anthony Toop and wife Sylvia in 1985. It has become a national icon in marketing and selling in the residential real estate industry. In 2011, Toop&Toop won the National Small Agency of the Year (REI) for the Stirling office, and Medium Agency of the Year (REISA) for Hyde Park. 2009 saw Toop&Toop named the National Winner of Innovation, as well as National Winner of Community Service. In 2007, Toop&Toop also won National #1 Real Estate Agency of the Year (REI), and in 2005 were the only real estate agency to be initiated into the Family Business Association Hall of Fame as an iconic business in South Australia. Toop&Toop has won virtually every major state and national business award since 1993 - and has received recognition both nationally and internationally for achievements in business excellence. In 2011, Anthony was awarded the Sir Robert Torrens Award - which nationally recognises an individual who has made a significant contribution to and raised the standing of the profession (REI). October 2011 saw Anthony inducted into the REISA Hall of Fame for Community Service, having previously won the category three times prior to induction. Toop&Toop are currently in their 27th year of business, still to this day family owned.

Contact Profile

Tim Thredgold

P: 08 8362 8888


real estate, Adelaide real estate, Adelaide house prices, SA property, auction prices Adelaide



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