Realmark Urban residential sales representative Dane Craig has encouraged sellers to remain positive in the instance where their property has been passed on through auction.
Auctioning is a popular sales strategy, increasing transparency and utilising competitive bidding and a sense of urgency to achieve an above market price.
While effective marketing can minimize the risk, there are times when a property may be passed on, but Mr Craig told The West Australian it's all about what you do next.
“The seller should discuss their options with their agent such as relisting the property, adjusting the price or considering other sale methods like set date sales, private treaty or expressions of interest,” he said.
“It’s important for sellers to remember that a passed-in auction is not the end of the world and, with the right approach, they can still achieve a successful sale."
For the full article, see the Saturday 20 May edition of The West Real Estate liftout in The West Australian newspaper.
