The auction process is by far the fairest and most transparent way to purchase property and attracts buyers who have a genuine, strong desire and are committed to purchasing the property. The team at Coolum Coastal Property work closely with their preferred Auctioneer Geoff Kerkow, together they have achieved outstanding results with carefully tailored marketing plans and current market insight.
Throughout the campaign our experienced salespeople stay fully engaged with our sellers so as to never miss an opportunity to achieve an optimum outcome.
The lead up to auction day can be stressful but our experience and guidance will ensure you are comfortable with the process. Before the auction we’ll ensure that you are clear on what will happen on the day, the process that will take place, the reserve price has been set, and identify the various scenarios which may play out. We’ve seen them all.
Once the auctioneer has addressed all attendees and prospective bidders he will ask for an opening bid, followed by setting an amount by which all bids will rise e.g. $5,000 increments. These bids may be higher or lower and it is at the auctioneers discretion that he agrees to and accepts any bid.
Once the agreed reserve price has been reached the property is considered to be ‘on the market’ and will be sold to the highest bidder. When the final bid is reached and the seller is happy with the price, the auctioneer will call “going once, twice, three times…” and if no more bids are offered he will then call, “SOLD”.