EP. 1124 LIFE AFTER AUCTION... BETTER PRICE? WORSE PRICE?

Imagine a behind-the-scenes journey into the world of property auctions; a realm where emotions run high, the quest for the right price is arduous, and reality often clashes with expectations. Join us as we unravel the complexities of the auction process, particularly when a property doesn't sell. We delve into the anticipation, efforts, and strategic moves that lead up to that big day, and the myriad reactions to the outcome. We explore clearance rates in the Sydney property market, median sale prices, and the widespread misconception of auctions being the be-all and end-all of property sales.Strap in as we go beyond the auction day and shine a light on the deals struck before and after the auction. We debunk myths and confront the hard truths about property sales, including the intriguing 'one third rule'. It's a rule that suggests one third of properties sell prior to auction, one third sell at auction, and one third sell post-auction. We discuss the reasons behind this phenomenon, and what it means for sellers and buyers alike. Come along as we give you an insider perspective on the realities of selling and the brilliance of our property selling systems.