This Report is a Must Read for Anyone Looking to Buy or Sell a Property at Auction.
For SELLERS (vendors), this report covers;
* How to eliminate the 3 BIG uncertainties of the auction process.
* How to Guarantee your property will be sold on auction day even if the only people there are your nosy neighbours.
* Why it doesn't matter if no one places a bid or if the highest bid is under your reserve price - your property will still be sold.
* Why selling prior to auction could be costing you $$$
* Learn a new way to create competition amongst buyers on auction day as well as how to encourage “fence sitting” buyers to participate.
For BUYERS, this report covers:
* How to put yourself in the “Box Seat” to buy the property.
* Learn how you can make $$$ even if you miss out on the property at auction.
* Learn how you can buy a property under market price.
Whether it’s your first time buying or selling property at auction or you are an experienced professional, the information in this report is a must know to help you successfully navigate the uncertainties of the auction process.
Auction Background
In Australia, selling property by auction is becoming increasingly popular.
Buyers know sellers are committed to sell and the typical short marketing campaign can create urgency and competition amongst prospective buyers.
This can flow over to auction day resulting in a selling price that’s driven up by competition.
It’s not always like this though.
As a mortgage broker for over 17 years I’ve witnessed first hand, the good the bad and the very ugly of property auctions.
There has certainly been some amazing results but there has also been some absolute shake your head in disbelief, shockers.
I’m not against auctions in fact I believe they are a great sales method but the issue I hear from my clients time and time again is that the auction process has so many uncertainties.
They say things like,
* There were plenty of people at the auction (mostly my neighbours) but not one person registered to bid. How embarrassing, what a complete waste of time and what do I tell the kids? Now what do I do?
* No one placed a bid - what are they crazy, my property is a great property. What do I do now as I needed to sell this property to buy my next property - I hope I can get a bridging loan but what happens if I can’t?
* About a week from the auction the real estate agent said they’ve got a great offer they think I should accept. The price was OK but I think I can do better at the auction. Now what do I do?
If I accept the offer I’ll lose the chance to see if I could get more at the auction or if I refuse the offer I then risk upsetting the buyer, they lose interest in attending the auction or they simply move on to another property.
By going to auction I also risk having no one register to bid, no one placing a bid or the property being passed in.
AHHHHHHHHHHHH - now what do I do?
In balance I’ve also heard some incredible stories where the final bid has gone over the reserve by hundreds of thousands of dollars and the seller has walked away with a smile bigger than the smile on the face at the entrance to Lunar Park.
Time For Change?
The Auction industry has been around for decades, just like the Taxi industry however a few years ago the Taxi industry was innovated by UBER.
Whether you agree or disagree with UBER, the fact is they identified the need to eliminate the uncertainties of booking and travelling from point “A” to point ”B” and as a result, UBER is now used by millions around the world.
If you think about it, UBER didn’t change the core function of taking people from point “A” to point “B”, they just innovated the process.
You're probably thinking what’s this got to do with auctions, well the reason I’m mentioning UBER is because I believe the Auction process is in drastic need of an UBER type innovation to eliminate the uncertainties of the auction process.
With this in mind and without changing the core fundamentals of an auction, the “Auction Guarantee” system was created and patented (Australian Innovation Patent Number 2016102014).
The Auction Guarantee Innovation was initially created with Sellers in mind however it was soon apparent that the innovation had many benefits for buyers, real estate agents and auctioneers.
The Auction guarantee Innovation simply UBERed the auction process.
To get Instant Access to your FREE copy of the report that explains the Auction Guarantee innovation and how sellers and buyers can benefit please fill in the form below.
info@auctionguarantee.com.au