Chat with me
  • 3 bedrooms
  • 2 bathrooms
  • 2 parking spaces

$ 365,000
3BR T/House. One of Shepps Best
  • 3 bedrooms
  • 3 bathrooms
  • 3 parking spaces

$ 299,000
3 BR plus sep. study on 1 Tatura
  • 3 bedrooms
  • 1 bathrooms
  • 2 parking spaces

$ 250,000
In town 1500sqm land and 3BR BV home
Other Links
About us
Agent interview checklist
Agents and the law
Agent commissions
Agent tricks
Business associates
Choosing a method of sale
Company Profile
Current advertising
Feng shui
Free appraisals
How are properties valued?
KMRE's technology
Marketing strategy
Moving home checklist
Open home planner
Real estate teminology
Sell for $7,950
Sell blocks for $1,950
Selling tips
Selling from start to finish
What's your home worth?
Why choose KMRE

Google maps
Historical sales
Land channel
Near maps
Planning overlays
Street view
Web statistics

Aberdeen Real Estate
Arcadia Real Estate
Avenel Real Estate
Barmah Real Estate
Bunbartha Real Estate
Byrneside Real Estate
Cobram Real Estate
Congupna Real Estate
Cooma Real Estate
Coomboona Real Estate
Dhurringile Real Estate
Euroa Real Estate
Grahamvale Real Estate
Katandra West Real Estate
Kialla Real Estate
Kialla Central Real Estate
Kialla West Real Estate
Kyabram Real Estate
Lancaster Real Estate
Marionvale Real Estate
Moora Real Estate
Mooroopna Real Estate
Mooroopna North Real Estate
Murchison Real Estate
Nathalia Real Estate
Numurkah Real Estate
Orrvale Real Estate
Rushworth Real Estate
Shepparton Real Estate
Shepparton East Real Estate
Strathmerton Real Estate
Tallygaroopna Real Estate
Tatura Real Estate
Toolamba Real Estate
Undera Real Estate
Waranga Shores Real Estate
Wunghnu Real Estate
Wyuna Real Estate
Yarrawonga Real Estate

Choosing a method of sale

Auctions make you miss out on achieving the highest price as all you get is an amount slightly above what the second highest purchaser was prepared to pay—not what the best purchaser was prepared to pay.    An example quoted in the Sunday Age, August 14th 2011 stated that a suburban property had attracted two serious parties after a five week advertising campaign.   One prospective purchaser was known to have a maximum budget of $660,000.  The other had a maximum budget of $700,000.    Had this property gone to auction the eventual purchaser might have purchased the property for about $665,000—being the next presumed bid after the first prospective purchaser dropped out.   The property was sold by private treaty for the higher price.  A private sale allows your agent to get the highest price from the purchaser willing to pay the most.    

For an auction to be successful you need to have a property which is going to attract more than one buyer or that is unique in some manner such as exceptional views or superior location.   There is no point auctioning an average home in an average street.  

For your information agents like to use auctions for the following reasons:-
 - increases their efficiency, time and number of sales
 - creates a higher profile for their agency
 - provides a structured plan and time frame to work to
 - creates more contacts, referrals, clients and business
 - their name and brand received  premium exposure at the vendors expense
 - unconditional exchange on auction day increases results and increases their income.

Something else to consider about auctions is that if the property doesn’t sell at auction it can be labelled a failure and people won’t want to buy it.  After all who wants to buy a property that no-one else wants.

Private Treaty:
This is where a property is put on the market at a nominated price.  With the right marketing your property will attract the maximum buyer interest and achieve the highest possible result.

Expressions of Interest:
This is where a specific asking price is not indicated for a property and expressions of interest are sought from interested parties. Buyers are urged by the selling agent to submit their best possible price, together with any conditions. uyers are also required to sign a contract and to submit the offer with the nominated deposit. After the close of tenders, the best offer can be selected by the vendor/s. Note that there is generally no obligation for the vendor/s to accept any of the offers and after the time that tenders are closed, vendors are generally permitted to start negotiations with any or all of the tenderers. As you can see this is not an ideal situation and it is heavily weighted in the favour of the vendor/s.

Purchasers should also be aware that in some instances where tenders are received by agents, some unethical agents in a competative office environment have been known to open tenders prior to the closing time and then ring their clients, telling them to increase their tender by a certain amount to secure the deal.    This way the agent with the winning client receives the commission and all the other agents involved miss out.  My advice is to either deliver the tender document personally just before the closing time and personally watch the tenders being opened or to insist that the tenders be controlled by the vendors solicitor who should be more trustworthy.

Self Sell:
This option is available from a number of different sites and is very rarely offered by agents. After all why would agents want to assist you in selling your own property where they miss out on their huge commissions.    KMRE offer a Self Sell option for any residential property or residential block of land anywhere in Victoria where they provide you with all required documentation and advise but you do all the buyer inspections and negotiations.  This can be a great way to save but you need to be confident in what you are doing.
NB:  If you know any person who may be interested in anything contained in this web site, please feel free to pass it onto them with our compliments.