There are many different benefits of auctions to both sellers and buyers. This is something we strongly believe and have been educating our clients about recently. We just wanted to give you the opportunity to have a read about some of the benefits of auctions.  Check it out below along with some recent pictures from the auction events we have held in both Toowoomba and Ipswich.

(Some of the goodies we provide at our events along with our auction program)

Benefit Auction have for a Seller…

  • Buyers come prepared to buy
  • Quick disposal reduces long term carrying costs, including taxes and maintenance
  • Assurance that property will be sold at true market value
  • Exposes the property to a large number of pre-qualified prospects
  • Accelerates the sale
  • Creates competition among buyers – auction price can exceed the price of a negotiated sales
  • Requires potential buyers to pre qualify for financing
  • The seller knows exactly when the property will sell
  • Eliminates numerous and unscheduled showings
  • Takes the seller out of the negotiation process
  • Ensures an aggressive marketing program that increases interest and visibility


(An action shot of our Toowoomba auction)

Benefits Auctions have to Buyers …  

  • Smart investments are made as properties are usually purchased at fair market value through competitive bidding
  • The buyer knows the seller is committed to sell
  • Buyers determine the purchase price
  • Auctions eliminate long negotiation periods
  • Auctions reduce time to purchase a property
  • Purchasing and closing dates are known
  • Buyers know they are competing fairly and on the same terms as all other buyers
  • Buyers receive comprehensive information on property via due diligence packet


(Pre Auction shot, during the setting up of our Ipswich Auction with our excited General Manager)

Please feel free to give us a call at iThink Property if you have any questions about our Auctions or selling and buying at Auctions we are more than happy to help.