Page 15 - 112 Banks Street, Alderley Place + Mario

Auction.

Auction is a proven method of Sale. Looking back at the previous

campaigns run by Place Newmarket, it is during our Auction
Campaigns that we have achieved the highest volume and level of
sales with the highest rate of success. During the sales process, Place
does not exclude offers, however an Auction campaign ensures the
following points:

Price
During an Auction campaign, no price is advertised. This opens up the
market, ensuring that all potential buyers see the property and that no
potential buyers are excluded.

Offers
Throughout the campaign, offers prior to Auction are encouraged. If
an offer is taken prior to the Auction, it will be on a cash/unconditional
basis, with the cooling off period waived. Buyers are informed that
offers must be presented in this format for the property to be sold
prior to Auction.

Motivation
An Auction conveys a sense of urgency to sell the property, and the
motivation to sell within a fixed time frame. With the amount of choice
currently in the marketplace, this positions the property as one which
must be inspected before others, as there is an ‘end date’ to possible
negotiations.

Auction Day

Obviously, if not sold during the campaign, competition on the day is
the best outcome. Even if there is only one interested party, Auctions
can still be highly successful and sell under the hammer with private
negotiations whilst the Auction is ‘live’.

Multiple Interest
If, throughout the campaign, it becomes apparent that there is more
than one interested prospect, this gives us the opportunity to
maximise price.

At Place, we pride ourselves with tailor-made solutions for all sellers.
There is not necessarily a right, wrong or set way. Our agents will
discuss appropriate ways and the best solution to market your house
in the appropriate time frame.