Welcome to our new website
After almost 3 years we thought it was time to update our website.
Our previous website has served us well but we wanted to make a few changes and add web 2.0 technology IE blogs,forums,pod-casting,video & audio.
Today’s property auction market is certainly a different one to how it was 12 months ago. It in fact has been a complete turn around. Last year record prices were being achieved with record numbers at open for inspections and registered bidders. This year, thanks to the change in economic conditions, has seen numbers at open for inspections drop, numbers of registered bidders going from 8-10 down to 1-4 and time on market know stretching out.
2 of the biggest problems in the market place are
- Owners not adjusting their expectations to the current market
- Agents giving owners price indication on the market 12 months ago not todays market.
Don’t get me wrong, every owner is out to get as much as they can (that is also the job of the agent) but it todays market buyers are voting with there feet and if they feel that an owner has an over inflated idea on price they are not even considering making an offer for the fear of wasting time. A number of agents are still giving over inflated prices to owners (called buying the listing in the industry) and these are the properties that are staying on the market. The properties that are selling at the moment are the ones where owners recognise the current market and have priced the property accordingly and where the owners are engaging professional agents that know how to get a deal together. There are to many agents out there that are just name and number takers and are sitting back waiting for buyers to make an offer.
This is probably enough ranting for now. Catch you next post.
Related posts:
- Our Auctioneers Jason Rose Jason started his career as a country agent...
- Are your auctions compliant with the Office of Fair Trading? Here in Queensland auctioneers and real estate agents are licensed...
- Value For Money It always amazes me how so many people seek the...
Related posts brought to you by Yet Another Related Posts Plugin.








