Post to SinFongChanRE.Wixsite.com on 18/4/2018 3:22 AM
Commenting on “Melbourne auction clearance rates fall across most suburbs as property market cools”
https://www.domain.com.au/news/melbourne-auction-clearance-rates-fall-across-most-suburbs-as-property-market-cools-20180412-h0ynob/
Many people use the weekly auction results published by two major companies as guide to property market sale. If you have been following my posts, you would have read that many properties sold through private sale or private treaty.
Real estate agents love vendors / sellers to use their service to auction the properties. The cost of advertising does not only cover the marketing pitch of the property, but also the name of the real estate agency and contact. In other words, it can take up one third of the auction display board promoting the agency with the compliment of the vendor.
In my Facebook page, I post extracted information of published auction results and ask readers to work out the best and worst case clearance rates. In many cases, the clearance rates no better than just slightly iver 50% versus 65% or over.
Are there anything else not disclosed?
Thank you for reading.
Commenting on “Melbourne auction clearance rates fall across most suburbs as property market cools”
https://www.domain.com.au/news/melbourne-auction-clearance-rates-fall-across-most-suburbs-as-property-market-cools-20180412-h0ynob/
Many people use the weekly auction results published by two major companies as guide to property market sale. If you have been following my posts, you would have read that many properties sold through private sale or private treaty.
Real estate agents love vendors / sellers to use their service to auction the properties. The cost of advertising does not only cover the marketing pitch of the property, but also the name of the real estate agency and contact. In other words, it can take up one third of the auction display board promoting the agency with the compliment of the vendor.
In my Facebook page, I post extracted information of published auction results and ask readers to work out the best and worst case clearance rates. In many cases, the clearance rates no better than just slightly iver 50% versus 65% or over.
Are there anything else not disclosed?
Thank you for reading.
