by Vicki Holder
"...buyers today are either immediately purchasing homes they know are perfect for their lifestyle needs prior to auction date or participating in the auction process to help them establish current values." Simon Damerell, Ray White, Ponsonby.
Many hopes are pinned on auction day, which is the culmination of a property’s marketing campaign. Yet increasingly, fewer homes actually sell under the hammer during the auction process. It doesn’t mean properties aren’t selling altogether, simply that buyers are exercising their right to negotiate prior to and after the auction day.
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