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How to have a successful auction on a hot day

2 Mar 2017 local real estate 0 Comment

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An auction is like a Broadway production – the show must always go on. But what if it’s going to be a scorching hot day?

Having an auction on a hot day? There are ways to get around the heat.

Real Estate Agent and Auctioneer, Dan Ware, carries out business in Rockhampton which averages approximately 134 days over 30C and almost 20 days above 35C, however Ware still auctions up to four properties each weekend – although he doesn’t do it in a suit.

“Auctions are on the rise in this part of the world and having one certainly reduces the total days on market, which is attractive to sellers. If it’s hot – and it usually is – we just adapt,” Ware says.

Four things are key to ensuring a successful action when the mercury is rising, according to Ware; timing, location, hydration and preparation.

1. Timing

“Firstly, we set an appropriate time for the auction and often have them early in the day, before the heat really kicks in,” he says.

2. Location

“Then, if the auction is on-site, we ensure we have a shady spot for it to take place,” Ware says.

Try to find a shady spot for the auction.

3. Hydration

Having cold water on hand for vendors, bidders and the auctioneer, is vital, he adds. “That’s where extra staff come in handy,” Ware says.

4. Preparation

For inspections, both on the day and leading up to the auction, Ware ensures any air-conditioning is “cranking”, not only for comfort, but to show potential buyers that feature of the home.

Ware says genuine buyers will always turn up for an auction, despite the conditions.

“It might be a bit uncomfortable, but if a house ticks all the boxes for a buyer, they will be there, hot or not,” he says.

“People can be pretty laid-back up here, so it can sometimes take a bit for an auction to get going, but having an auction campaign means the vendor has a good sense of what price their property might make, because people have already been through and given their feedback. And as an agent, we have an indication of how many genuine buyers are out there.”

The market in Rockhampton is “on the up”, Ware says, thanks to low-interest rates and recent news that a nearby coal mine is hiring new staff. “If mining gets up and going again, we expect the investors to flock,” he says.

Credit Erin Delahunty- realestate.com.au

Please remember to keep us in mind for all of your buying, selling, renting or property management needs – you can make contact via the following means:
Drop in: Calamvale Central Shopping Centre, Shop 37, 662 Compton Road, Calamvale QLD 4116
Phone: 07 3272 1000
Email: admin@professionalslocal.com.au
Website: http://www.professionalslocalrealestate.com.au

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