Auctions fail to bring sellers a light at the end of the tunnel

22 October 2008

As the housing downtown picks up pace, more and more desperate vendors are looking to auctions as a way of achieving a sale. The problem is, the only homes selling in auction are generally the repossessions that have been placed there by the banks at huge discounts in the first place.

In fact, Allsop’s forthcoming auction catalogue is focused purely on repossessions and will no doubt be a great success – for the rich investors who are snapping up bargains!

The truth is quality family homes are not getting a look in at auction at the moment, as purchasers are only prepared to make very low bids that would send the average homeowner into negative equity.

SecureASale offers a completely discreet and personalised service and we guarantee to make an offer on every property we see. Unlike auctions, we don’t charge a fee and your neighbours needn’t know you’re selling. Very often, our offer works out higher than what you would achieve through auction.

 

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