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Could auctions make your sale day stress-free?

By Louise Morrin

When it comes to selling your property in Carlton, an auction could be a great way to help boost your returns and achieve a strong result for your home. 

A recent post on the CoreLogic RP Data blog outlined the presence of auction sales in Sydney, highlighting that since the last week in January this year there have been just under 9,890 homes put up for auction in the city . Out of this large figure, around 8,300 successful transactions tookplace. 

In fact, the week ending 20 April saw a clearance rate of 88.3 per cent, which is the strongest result recorded for the city. With this in mind, embracing auctions as a sales method could be a brilliant way to earn a profit on your home sale. 

Boosting your selling potential is a culmination of efforts, so be sure to speak with a real estate agent about the options available to you. This is important to get right, as setting the correct reserve price is a crucial part of attracting buyers. 

Researching the local market – including median sales prices for properties in your neighbourhood – can help you figure out a good level to set for your own home. 

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