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The Property Podcast

TPP546: I tried to sell a property at auction – this is what happened

The Property Podcast

Rob Bence & Rob Dix

News, Education, Business, Investing, Business News

4.82K Ratings

🗓️ 31 August 2023

⏱️ 19 minutes

🧾️ Download transcript

Summary

From listing to the fall of the gavel, tune in as Rob D reveals why he opted to sell a property at auction  (0:52) News story of the week  (2:48) Selling a property due to a change in strategy  (4:40) Why sell at auction?  (8:52) What happened on auction day?  (10:37) A dive into the numbers  (12:41) What happened after the sale?  (13:30) Would he sell at auction again?  (15:08) What advice would he give for selling at auction?  (16:29) Hub Extra  Links mentioned:  Outlive: The Science and Art of Longevity  Enjoy the show?  Leave us a review on Apple Podcasts - it really helps others find us!  Sign up for our free weekly newsletter, Property Pulse  See omnystudio.com/listener for privacy information.

Transcript

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0:00.0

Hey everyone, it's Robby here with RobD and you are listening to the Property Podcast.

0:07.3

Now, the great thing about being Property Investors this week is we could share our experiences

0:11.5

and this week Rob is sharing a recent experience of his of selling a property through auction.

0:17.5

Why did he do it?

0:18.8

What did he learn?

0:19.8

And what were the results?

0:20.8

Well, we're about to find out.

0:28.5

Welcome to the Property Podcast, where we take time out from advising a multi-million

0:32.0

pound property fund and putting together hundreds of transactions every year for our clients

0:35.9

and bring you some of what we've learned along the way for free.

0:38.6

It's really cool we're even after doing this professionally for more than a decade.

0:42.4

I'm still having new experiences in property and I'm really looking forward to sharing

0:45.6

that experience with you in this episode and do make sure you stick around to the end

0:50.0

because we've got a resource that's going to help you live longer and happier.

0:53.7

So it's time for our new story of the week and the new comes from the powerhouse that

0:58.4

is right move and right moves got some interest in data and a very interesting headline,

1:03.1

which reads 1.9% sum up price drop as stretched affordability begins to improve.

1:10.1

So in short, asking prices have fallen by nearly 2%.

1:13.8

Now, this is the biggest drop in a while.

1:17.2

I'm personally real, I'm actually surprised it's taken this long for people to start raining

1:22.0

in their asking prices because if that like asking prices were ignoring what was happening

1:25.8

in the actual market, but this more closely reflects to what is actually happening

...

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