This statement is probably the most heard statement in any real estate agent’s career. A large portion of sellers feel uncomfortable selling their property via an auction because of the pressure attached to it, so they prefer selling by private treaty (private sale). Though what I’ve found in so many cases, if you search a little more into the reasons why they don’t want to go to auction, it’s because they are thinking about the pressure when they attended an auction to buy.
When you’re selling, it’s your job to work the best strategies to get the highest amount of money for your property. This, for a few weeks, is not your home anymore, it’s a business transaction which is going to determine your future. You are not the buyer anymore and the so-called pressures of an auction is to force the hand of your potential buyers to perform and work hard to win your property. This is the only mindset you should have.
Therefore, so long as your agent has provided you with a solid, logical strategy for you to capture the majority of the market and get an amazing result through competition. Whether it be via auction, expression of interest or private treaty, the first job you have is to keep interviewing agents until you find the one the will get you the best price.
The following advice is of a general nature and intended as an opinion and broad guide. For all legal, financial or real estate advice you should obtain independent professional advice to do with the specific nature of your circumstances before making any legal, financial or real estate decisions.