How do you auction a house?

[raskolnikov]

I've currently got one of my houses up for sale. If I want to auction it how do I go about it? Also, what are there any pros and cons of auctioning that I should be aware of before I do?

For anyone who is interested this is it:

http://www.realestate.com.au/property-house-vic-leongatha-109802476

 

[Leper]

First thing I'd do mate is paint the kitchen. Looks ****ing hideous!

The agent has done a brilliant job of doctoring the photos to make things look bigger. Just like they do in a Ron Jeremy pr0n shoot. Particularly the last one of the sun room at the back. Or is it really that wierd trapezoidal shape?

Personally I don't believe you'd do any better auctioning a place like this in the lower end of the market - won't generate the demand / competition / emotion you need to make an auction work for the seller.

 

[bunsen burner]

I agree with Leper - auction is not the strategy for this property. You will spend $5k and then it will most likely be passed in.

 

[bunsen burner]

You also seem to have multi listed. Bad move.

Initial opinion is you have it overpriced. I will check when i have time.

 

[Lyyynnnchy]

Get a cabinet maker to do you up some new kitchen cabinet doors. The pink will only appeal to a small amount of buyers and will put a lot off. Shouldnt be too expensive, less han $1000 anyway

 

[raskolnikov]

Get a cabinet maker to do you up some new kitchen cabinet doors. The pink will only appeal to a small amount of buyers and will put a lot off. Shouldnt be too expensive, less han $1000 anyway

It's actually maroon, not pink. I quite like it.

 

[raskolnikov]

You also seem to have multi listed. Bad move.

Do you mean gone through more than one real estate agent? If so, nope. It's only listed with one.

 

[year of the roo]

It's actually maroon, not pink. I quite like it.

Doesn't matter what you like. It's about what will sell the place and what won't.

Maroon won't.

 

[fairdinkum]

Closer to a magenta than a maroon imo.

 

[bunsen burner]

 

[checkraiseulite]

Couldn't help but notice, what's up with the cushions on your couch?