Paul Castran - CEO - Castran Gilbert

Melbourne is, with some justification, known as the auction capital of the world. But that doesn’t mean that an auction is our automatic recommendation.

We would be inclined to recommend a PRIVATE SALE, if:

• You can’t face large numbers of people inspecting your property.
• You are in no hurry.
• You have a desire to keep the sale relatively low-key.

In the absence of these factors, we recommend an AUCTION, for several powerful reasons:

• The selling period has a fixed time span, which precipitates a definite result.
• The publicity and timing of an auction frequently stimulate PRIOR OFFERS. The pressure is on the prospective purchaser, not you.
• The successful bidder at an auction enters into a binding unconditional contract on the spot, with the terms and conditions previously approved by you. There is no opportunity to “cool off” without forfeiting a substantial deposit to you.
• A property such as yours will attract genuine buyers and is in a desirable location therefore it is the competition between them that so often drives the price up. This is the main reason for the popularity of auctions in inner suburban Melbourne.

Paul Castran