When it comes to selling real estate in Adelaide, auctions have long been a favored method of sale.
Discover how the auction sales method can maximize your home’s value. Learn more.
To help you make the best decision for selling your home, Ouwens Casserly has launched our ‘in-room’ auctions capability which we can now host at our auction rooms at the OC headquarters in Eastwood.
We’re thrilled to invite you to sell your property at our first in-room Auction Day this spring. An event set to showcase Adelaide’s hottest properties, all under the enchanting spell of the auctioneer’s gavel, across a single exhilarating day of spirited bidding.
To get you started, here we’ve explained how our in-room auction may give you more opportunities to maximise your sale.
What is an in-room auction?
In-room auctions mirror the traditional ‘street’ auctions but boast the distinctive setting of dedicated auction rooms. The core mechanics of on-site and in-room auctions remain consistent, yet certain property types find their stride within the in-room setting, generating advantages for both buyers and sellers alike.
The OC Way to In-Room Auctions
We are diligently orchestrating a showcase of Adelaide’s most remarkable properties, all poised to go under the hammer during an intense day of auction excitement this spring.
Converging at our OC headquarters in Eastwood, serious buyers will be embraced by our team, poised to deliver the exceptional service and support that define OC.
Benefits of an in-room auction?
- Enhanced Competition: In-room auctions typically attract a larger pool of potential buyers, across multiple properties, creating a more competitive atmosphere compared to an onsite auction. The presence of multiple bidders in the same physical space can drive up the final sale price.
- Increased Participation & Controlled Environment: With an in-room auction, interested buyers don’t need to physically travel to the property location, making it more convenient for them to participate. Furthermore, in-room auctions provide a controlled environment that is not impacted by weather or other variables, such as noise from traffic or neighbours, and as such, potentially increase attendance.
- Tenanted Benefits: An in-room property auction is particularly suitable for tenanted properties due to its ability to showcase and provide an immediate stable income and rental income, attract multiple investors across multiple properties and therefore increase competition, and create less inconvenience to tenants.
- Professional Atmosphere: In-room auctions are often conducted in professional auction houses or dedicated venues, providing a formal setting that instils confidence in both buyers and sellers. This environment can enhance the perception of the auction process and be less intimidating to buyers, thus increasing likelihood of participation.
- Transparency and Trust: The physical presence of other bidders in an in-room auction adds an element of transparency and builds trust in the process. Buyers can observe the auctioneer’s actions and fellow bidders, fostering a sense of fairness.
- Wider Reach: In-room auctions can extend their reach by incorporating virtual components, enabling online bidding for participants unable to attend in person. This hybrid approach expands the potential audience and increases the chances of attracting more interested buyers.
- Efficient Time Management: In-room auctions have set start and end times, allowing buyers to plan their schedules accordingly. This structured approach helps manage the auction process efficiently and avoids unnecessary delays.
- Personal Interaction: In-room auctions offer face-to-face interactions to a greater number of supporting agents, allowing buyers to ask questions, seek clarifications, and receive immediate responses from the agent, auctioneer, or seller.
In summary, in-room auctions offer a blend of tangible and intangible benefits that make them an attractive choice for both sellers and buyers of real estate. The competitive environment, professional setting, and direct interactions contribute to their perceived superiority over onsite auctions in certain scenarios.
Connect with us today for a personalized quote and secure your place in the OC In-Room Auction event.
