A wide variety of property was again offered for sale in the 14 May portfolio and a further reminder of the excellent choice buyers enjoy in this Eastern Beaches area due to the standard of housing, variety of different types of property and position factors from waterfont to lifestyle.
As we have reported during recent weeks, the numbers of people that have been attending each week, apart from our vendors and those who have registered to bid, is testimony to the interest in “what is currently happening” to the real estate market.
Pleasing bidding for four properties resulted in “under the hammer” sales which meant that those vendors achieved an unconditional sale. An unconditional sale is the prime aim of an Auction Marketing Programme, so , while we may not always achieve a sale “under the hammer”, negotiations immediately post auction can achieve the aim of achieving an unconditional sale or the best conditional sale.
Under the hammer sales were as follows:
Two days after auction date we secured sales for :
So a very pleasing result for our vendor clients, an excellent clearance rate, after three weeks of marketing.
We are still negotiating post auction for the balance of the portfolio, to try and achieve vendors’ price expectations.
There are always various reasons why potential buyers cannot meet the terms of an Auction For Sale and Purchase Agreement which as we have noted is a totally unconditional agreement, however, we try to work with these potential buyers to attract the best conditional sale for our client vendors.