Can you really buy a property before auction day?

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We’ve all seen those listings that promise that a property will be sold on auction day or before, haven’t we?  

The question is: will it really be sold before auction? Sold Home For Sale Sign & New House

There are many tools in a selling agent’s kit-bag and one of the most successful is to create competition for a property.

More competition means a higher price after all.

So, if an auction is the best strategy to create competition amongst buyers, why would a vendor sell the property beforehand?

Sale deadline

Here’s the thing: as well as creating competition, an auction also sets a deadline for the property to be sold.

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About

Bryce is a property development specialist, having successfully sourced, project managed and completed hundreds of development projects for Metropole’s clients, helping them create substantial wealth.Visit Metropole.com.au


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