return to  >  selling 





Selling by auction is an exclusive agency agreement and is therefore also subject to the 90-calendar day agreement period. The auction process requires the seller to pay the agent to arrange effective marketing and advertising plans to maximise exposure of the property and the auction date to potential buyers. 


Under the auction system, the seller agrees to pay commission to the agent if the property sells before the date of the auction, at the auction or in an agreed period after the auction. The same conditions that apply to the auction process will also apply to the tender process.


There are many advantages to selling a property at public auction, in particular: An auction is a three-pronged marketing push. The vendor has the opportunity to sell their property before auction, on the day of auction, or in the event the property is passed in, directly after auction.  There is an ability to set a reserve price and a settlement date to suit the seller.


As the reserve price is not disclosed it gives the seller a chance to test the market.  A written marketing plan with pre-agreed appointment times enables the sellers to arrange their lives during the lead up period.


The auction process by its very nature creates a sense of urgency; buyers have a definite time frame in which they must act. Buyers see the purchasers as competition rather than the seller. Auctions create a competitive environment.  With sale by auction in Queensland, all contracts are unconditional and no cooling-off period applies.


Tips for a successful auction


Work out the appropriate advertising budget to ensure your property is widely advertised taking into account the identified market.

Make sure the property is well presented because a buyer's first impressions are crucial to a successful sale.

Your agent will require that the contract and the accompanying statutory searches be available well in advance of your marketing campaign. Confer with your agent about this matter as they should be able to provide a tick list to help.

Allow the agent to arrange as many inspections with prospective buyers as possible - it all creates interest. At a local level this could have a significant effect on the turnout on the day.

 For most, the spectacle will be the main draw as well as the eventual selling price so confidentiality is of the utmost importance. The REIQ suggests that you do not disclose or discuss your reserve price with anyone except your agent/auctioneer.

A sale by public auction is one of the most exciting, effective and rewarding methods of buying and selling property.




return to  >  selling 


Be the first to receive all of the latest listings and property news. 



Prosper From Our Experience








About Us

For Sale

Why Choose Us

Investing In Property

About Us

Recent Sales


Understanding Risk

About Our Area

Buying Tips

Market Appraisal

Investment Terms

Our Service Pledge

Buyers Guide

What A Vendor Wants

Investment Mistakes

Helpful Information

Buying At Auction

Free eBook

The Rule Of 72

Contact Us

Suburb Profiles

To Serve

Financial Planning Success


The Right Property

Agents To Avoid

Six Keys To Investing


Moving Tips

Is The Price Right

Simple Investment Rules



Marketing Plan

Planning For Your Future

Follow Us

Property News

The Selling Process

Negative Gearing



Selling Tips

Investment Goals

Real Estate Glossary

Selling By Auction

Investing Glossary


Wish List

Selling Methods

Australian Income Statistics


Open Homes

Why Properties Don't Sell

First Home Buyers



Getting Your Home Ready

Investment Alert



How Do We Sell Our Property




Marketing Options




Links   |   Privacy Policy   |   Disclaimer   |   Website Created By Elite Heat Web 2017