What is the Role of Port Macquarie Real Estate Agents?

The short answer is that the agent should be acting in your interest. The agent should act fairly and ethically. Port Macquarie Real Estate Agents should work hard and diligently on your behalf. As you understand, all estate agents are licensed but some are more professional than others so you should consider work with the local representative of a major national chain. Why? Because you get the strength of a major chain with the benefit of a local operator, many of whom are the owners of the franchise business so they have a vested interest in making sure you get the best result.

Auction v Private Treaty

In New South Wales there are 2 major methods of selling real estate - private treaty or auction. Private treaty sounds very grand but really it is a matter of a seller and buyer coming together to agree on the price and other special terms. The legals are handled by lawyers or registered conveyancers once the "deal” has been done.

An auction is described as follows by the NSW Department of Fair Trading at http://www.fairtrading.nsw.gov.au/Consumers/Ways_to_shop/Auctions.html:

"An auction usually is a public sale of goods where:

• People bid for the goods, can see other peoples' bids and can re-bid if another person has made a higher bid.
• The goods are sold to the person who makes the highest bid.”

There are laws relating to conducting an auction. For example, as the buyers must register in advance and provide relevant identification. The seller can set a reserve price and has limited rights to make "vendor bids”. Vendor is another name for seller.

When is the Best Time to Sell your Port Macquarie Property?

This is a matter for the vendor and depends upon your circumstances. It is often recommended by Port Macquarie Real Estate Agents that Spring is a good time as well as Autumn. Most estate agents close down over the Christmas break and generally real estate is harder to move in Winter.

The agent will provide professional advice to guide you. Sometimes it is worth waiting a while and not rushing into the sale because cosmetic improvements can be made to enhance the sale returns. Alternatively, some agents suggest that selling during school holidays is not the best time as many families are away on holidays.

To help you decide when is the best time to sell you need to rely upon your local Port Macquarie Real Estate Agents.