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There are tears, hugs, laughter and joy, it’s all part of the normal auction process

By Holly Darwon

All week people have been asking me about The Block auctions, the controversy and the results! As a past auctioneer on the series I can tell you the emotional roller coaster of everyone in that room from buyers to blockheads, to producers to the make-up team and everyone back of house is in hyper drive.

There are tears, hugs, laughter and joy. But it’s not a normal auction.

The reserve serves as a line in the sand and any result close to that number can unleash an emotional bomb on set and across the country.

But the realty is on any given Saturday when you reach or achieve better than a price you will normally break out the champagne, cuddle your agent and take to Facebook with a fresh faced selfie of you in front of your sold sign!

With all this interest in auctions and results, I would far rather spend my time sharing information with stories from the real estate market not the reality tv real estate market.

And what I can tell you is it has got just as many twists and turns at the moment, especially in inner city Brisbane.

Last Saturday I sold five out of seven auctions under the hammer, while the week before I passed in three out of three.

I’ve reviewed the properties and while there is some consistency in agency results, the majority of the mixed results were non-specific. Some units sold, some houses passed in.

Some houses sold, some units passed in. Some sold with one bidder, while others passed in with ten bidders.

If I had to identify some areas of consistency it would be the properties with low bidder numbers seemed to stem from a internet only marketing campaign and the properties that had multiple buyers but passed in came from over inflated vendor expectation. Both of these can be managed by an experienced agent.

With a solid month of pre Christmas sales still to run I believe the eight weeks will have just as many twist and turns as any Logie award-winning reality television show.

To read the entire article, please follow the link below

https://www.realestate.com.au/news/there-are-tears-hugs-laughter-and-joy-its-all-part-of-the-normal-auction-process/

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