Why Auction?

Ray White Beecroft Believes in Sale By Auction

In the Northern Suburbs of Sydney people seem reluctant to bid at auctions, but still we at Ray White firmly believe the best sales policy is to put a property up for sale by auction.  This sets a fixed time line on the sales and marketing activity, and focuses the minds of potential buyers.  Very often houses being auctioned are sold before the auction (the buyer wanting to avoid being out-bid on the day) or in the evening of the auction after negotiations between the owner and the highest bidder, while Auction Rules still apply.  Lastly, most houses that have been passed in at the auction sell during the next week or two to someone who either bid at, or attended, the auction. 

The alternative, of Sale by Private Treaty, best suits the owner who is in no hurry to sell, and is happy just to leave the property on the market and see what happens.  But whatever our feelings, it is you, the vendor, who decides how your property will be sold.

Confirming that faith, we recently had an amazing auction with 27 contracts issued, 15 registered bidders, and 150 people watching as four bidders fought it out to a street record price!