Auction Wrap Week Ending 11 September 2016 A clearance rate of 79 per cent was recorded this week compared to 77 per cent last weekend and 74 per cent this weekend last year. There were 764 auctions reported to the REIV, with 602 selling and 162 being passed in, 68 of those on a vendor bid. The spring auction season has opened strongly, with about 1,700 auctions already held.
What is the process of Making an Offer? You really want a property and are keen to put in an offer but where do you start? No one wants to pay more for a house than the market value, so how do you get the best deal? What is the magic figure to start the negotiation process? Making an offer on a property is similar to playing a game of chess – each party waiting to see what move the other party is going to make. The process of making an offer on a property can vary between the...