Call now: 1300 716 595

Sydney Auctions

How It Works

Step 1

Submit Property for Appraisal

Submit your Real Estate property information into our “Asset Appraisal” form on the home page of our website (or simply call us on 1300 716 595).

One of our property expert team will get back to you within 24 hours to introduce themselves, ask you some general questions about your property including; your address, Lot & Deposited Plan number(s) (found on your Council Rate Notice or your Valuer General Notice) a general description of your property including features & improvements for review to enable us to complete a desktop appraisal.

Make sure you have ready your Council Rate Notice or a recent Valuer General Valuation Notice & a list of your property’s features & improvements.

 

Estimated Time Frame:  24 Hours

18 Weeks to a Cheque

Step 2

The Appraisal

Once we have received your property information & researched your property, we will request a second call with you to clarify the information you have provided & ask additional questions (if required) to enable us to complete the desktop appraisal.  There are 20 factors we consider when appraising your property.  Subsequently, the desktop appraisal will take some time to prepare & will be heavily reliant on the information you provide.

 

 Estimated Time Frame: 48 - 72 Hours

 about 18 Weeks to a Cheque

Step 3

What your Property could Sell for, if Sold today ...

Once the appraisal has been completed one of our experienced property experts will give you a range as to what your property could sell for, if sold today…

 

Estimated Time Frame:  1 – 5 Days

About 17 Weeks to a Cheque

Step 4

The Asset Divestment Strategy

We are experts with the creation & execution of asset divestment strategies for Real Estate assets.

If the desktop appraisal meets your expectations, we can create an Asset Divestment strategy & assist you divest your real estate asset(s).

If you instruct us to commence the asset divestment process, we will prepare an asset divestment strategy with our recommended sales methodology or mix of methodologies, including a tailored marketing schedule and budget for your approval.

  

Estimated Time Frame: 3 - 5 Days

About 16 Weeks to a Cheque

Step 5

The Agency Agreement

If you instruct us to proceed to the Asset Divestment stage, by Law, we are required to provide you an Agency Agreement document for your approval & signing.

An agency agreement is a legally binding contract between you (the vendor) and us (the real estate agent).  It includes your (the owners) details, the agent's (our) details and the property details.

It also details what you (the vendor) and us (the agent) have agreed in relation to responsibilities, fees & charges for our professional services in acting on your behalf to assist you divest your Real Estate asset(s).

 

Estimated Time Frame: 1 - 5 Days

 About 15 Weeks to a Cheque

Step 6

Contract of Sale

Before we can introduce your property to the market we are required by Law to hold a Contract of Sale for your property.  You brief your solicitor / conveyancer to draw up a sales contract for your property.

  

Estimated Time Frame: 2 - 4 Weeks

 About 14 Weeks to a Cheque

Step  7

Information Gathering

Once the “Agency Agreement” is signed & you have instructed your Solicitor to prepare the Contract of Sale, we will request documents and information to enable us to create the marketing pitch / literature about your property.  This includes but not limited to; 

  • Professional photography,
  • floor plan,
  • professional styling,
  • Video’s
  • Holding Costs eg: Council Rates etc.

 

Estimated Time Frame: 1 - 2 Weeks

 About 14 Weeks to a Cheque

Step 8

Copywriting & Graphic Design

With all the information we have now gathered we brief our in-house copywriter & graphic designer.  They take the information gathered, create digital adverts, sign boards, printed marketing material and craft a very compelling story to make your property look extremely attractive to buyers.

 

Estimated Time Frame: 1 - 7 Days

 About 13 Weeks to a Cheque

Step 9

Property Presentation

Your property may need to be prepared for buyer inspections.  This may mean as little as mowing the lawn through to styling the entire home or a refurbishment of the mezzanine level of your factory.

 

 Estimated Time Frame: 2 - 7 Days

 About 11 Weeks to a Cheque

Step 10

Offer to the Market

We then present your property to the market.  We use three different marketing approaches to find a buyer for your property.

  • We promote your property to our existing buyer database.
  • We promote your property to prospective buyers via our marketing channels. We have 11 different marketing channels we use to find buyers looking for a property to acquire, just like yours.
  • We look for niche markets to find that “right buyer” who may be in a position to pay a premium price for your property

  

Estimated Time Frame: 4 - 6 Weeks

 About 10 Weeks to a Cheque

Step 11

Open for Inspection

Once your property is ready for viewing / inspection, we will work with you to find suitable times to arrange inspections for prospective purchasers.

We will advertise those times with our marketing & our team of property experts will manage the buyer inspection process.

 

Estimated Time Frame: 3 - 4 Weeks

 About 9 Weeks to a Cheque

Step 12

Accept an Offer or Property goes to Auction

Subject to the adopted Marketing Methodology ie: Private Treaty, Auction, Expression of Interest, offers are accepted and presented to you or the property goes to Auction.

We negotiate with all the buyers until we get an offer that is acceptable to you.

 

Estimated Time Frame: 1 - 2 Weeks

 About 7 Weeks to a Cheque

Step 13

Contract of Sale

Signed, Exchaged & Deposit Taken

The winning buyer then signs the Contract of Sale & pays the Deposit, normally 10% of the agreed Sale Price.

 After the contract is signed and the deposit is paid there is a standard 42 day (6 week) settlement period before keys and ownership are transferred to the buyer.

 

Estimated Time Frame: 1- 5 Days

 About 6 Weeks to a Cheque

Step 14

Property Contract Settles

Property Contract Settles, ownership formally transferred to the buyer.

We account for the Deposit monies held in our Trust Account to your Solicitor.

Solicitor pays the Property Funds to the Vendor (you / your Bank).

On instruction from your Solicitor we hand the property keys to the new owner.

 

Estimated Time Frame: 1 Day

 Cheque

CALL NOW – 1300 716 595

Call us now for more information on how we can assist you in developing your asset divestment strategy

Contact Us

The Sydney Auctions MARKET PLACE is where SELLERS go to turn their assets into CASH.

Sydney Auctions provides a turn-key solution for your asset divestment requirements, from creating the marketing strategy to sending the cheque.

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