Ep55: Nicole Jacobs - The Pros and Cons of Auctioning a Property on a Public Holiday or School Holiday Weekend

It's always a little bit controversial - do we auction on a public holiday or during the school holidays? Won't buyers be on holidays? Are we tapping into the widest possible market? But then, is this giving the real buyers a chance to come forward? Now that we have been through a Covid year, let's see what the experts now think, and what we should expect for 2021.

Nicole Jacobs is a licensed estate agent and buyer advocate. She has been both a selling agent and a buyers agent and is the Director of Nicole Jacobs Property. She is the author of 'Sold - How to Buy and Sell Property with Real Confidence' (Published by Hardie Grant) and has been in the real estate business for nearly 21 years. A regular on Real Estate Right. 

1. At the end of 2020, we were seeing properties being auctioned on the 24th December with just 2 week campaigns. And there is already a race to get a campaign started with open for inspections starting on the 2nd January. As we come into 2021, do you think that we will start seeing properties being auctioned on a public holiday weekend or during the school holidays?

2. Why do agents prefer not to auction on public holiday weekends and during school holidays?

3. In terms of holding an auction, what positives has covid created for the auction process?

4. What are some of the pros of auctioning a property on a public holiday weekend?

5. How often do agents schedule an auction for a public holiday weekend or during school holidays, knowing full well that they plan to sell the property prior to the auction?

6. Do you think if buyers really need to buy, and really want that property, they will buy, no matter if the auction is on a public holiday weekend, or if they are in fact on holidays, sunning themselves on a tropical island?

    a) How does that work, in terms of signing contracts, paying deposits etc?

7. What should they do first before going on their tropical holiday to prepare for bidding at the auction?

8. How can Nicole Jacobs help buyers if they do find that they are stuck on a tropical island?

9. What's the feeling for 2021? Will we see an onslaught of properties back on the market?

 

Contact: 

Nicole can be contacted by email at: info@nicolejacobs.com

Website: Nicole Jacobs Property:  nicolejacobs.com 

Phone: 1300 054 240 

 

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