HOMES MOVING UNDER THE HAMMER
A ONE hundred per cent success rate on house sales at auction in the Port Douglas area is being interpreted as a positive market indicator by a local agent.
Managing director of LJ Hooker Port Douglas, Michael Samson said in the past four to six weeks the realtor has taken seven properties to auction and all houses to go under the hammer successfully sold either before or soon after bidding.
“Which is very good … and there has been good results across the board with auctions in the area,” he said.
Mr Samson said a diverse range of properties sold including a 7.5 acre rural property, beach property and an upmarket villa.
Mr Samson conceded there remains a lot of properties on the market in the Port Douglas area and property owners saw auctions as a way of creating interest in the sale.
“An auction is a good way to elevate you above everyone else and give you the best chance for a result,” Mr Samson said.
“Market feedback gives you an idea of where you sit in the market place and we get buyers in that region and they all get a fair opportunity to purchase and it’s an open and transparent method of sale.”
Mr Samson said selling at auction gives sellers the chance to stand out from the crowd and receive a fair price for the property.
“The opportunity is certainly there to get above the reserve price, the auction we had last Saturday sold above the reserve, the seller was very happy as were the purchasers.
“A lot more people are choosing to sell via the auction method,” he said.
“I think it’s an open and transparent method to sell your property.”
For first time buyers at auction the company said it offers tips and information on tactics and information aimed at easing anxiety in auction newbies.