WITH three auctions scheduled for October 28, Bexleys Real Estate’s Ray Jennings is having a busy month.
“A properly run auction campaign is a lot of work for the agent, but I find auctions exciting, interesting and a fair way to sell,” he said. “They are a transparent process for the buyer, who can see what their competition are prepared to pay.
“And as an agent we are engaged to do our best for the seller and auctions are a good way of doing that.”
The three auctions falling on the same day was a result of the school holidays.
“They have a huge effect on our property market,” Mr Jennings said.
“These homes were ready to go to the market in early to mid-September, but we held off launching them until the end of the holidays.
“However we didn’t want to hold off too long and with a four-week auction campaign, October 28 was the first day available for the auction.”
Mr Jennings said there was a lot of demand for houses in Wembley and a lack of supply, and all three properties had already generated much interest.
“One property was put online on a Wednesday and by Friday I had 45 email enquiries,” he said.
“All three have had very strong interest.
“My sellers are aware of current market prices, but as a result of the interest, on auction day we could be very pleasantly surprised.” n