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Choosing a sales method: Could an auction be right for you?

By Jamil Allouche

Preparing to sell real estate in Brunswick can be a daunting experience, especially if it's your first time listing property on the market. After all, there are so many different things to wrap your head around, you'd be forgiven for feeling a little out of your depth. 

However, speaking with a professional real estate agent can help alleviate some of these anxieties to make the experience far more streamlined and less stressful. For example, one of the first things you'll want to figure out is how you want to sell the property – through auction or private sale? 

A recent RP Data blog post highlighted the rising demand for property sales through auction in Melbourne over the last few weeks, with an auction clearance rate of 69.6 per cent for the week ending 15 June. This highlights an increasing buyer demand across the region, which could make auction a brilliant route to consider taking. 

When selling during auction, it's possible to secure larger returns than a private sale, due to the competitive nature of the procedure. If people really want your home, you could see the price getting up past your own expectations – a nice little financial surprise at the end of a long sales process. 

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