HOMES MOV­ING UN­DER THE HAM­MER

Port Douglas & Mossman Gazette - - FRONT PAGE - Peter Car­ruthers

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.

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