by Vicki Holder
Sale by negotiation is a selling process that’s appearing more frequently at the bottom of ads for multi-million-dollar properties.
With more property on the market and vendor expectations still at the peak of last year’s level, real estate auctions have gone a little flat. Property is selling, say the agents, but without the urgent feeding frenzy of last year, there are not as many properties going under the hammer. Often they are passed in to be sold in the next few days or weeks, because people are sitting on their hands, biding their time to see what the next person is prepared to pay.
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