22 Sun Newspapers WEDNESDAY, October 23, 2013.

To be sold on or before Public AuctionThis grand residence is exceptionally large and spacious and offers

absolute peace and tranquillity on magnificent land complete with quality

fencing, remote access and absolutely stunning reticulated gardens.

Paul Heron 0421 060 838 Jeremy O’Donoghue 0407 080 067Open: Wednesday 6:00 - 6:30pm

AUCTION Saturday 26th October 11.30am on-site635

Knuckey Lagoon 1031 McMilians Road

Licensed Real Estate Agent 141 Mitchell Street

1AUCTION1

Sentinel - Undeniably Stylish• Beautifully presented apartment in a very privileged location

• This superb property enjoys a sensational waterfront outlook

• Resort-style lap pool, magnificent garden aspect, secure parking

Julie Loynes 0419 629 323 Chris Hyland 0409 988 022

$920,000223

Larrakeyah 31/1 Daly Street

Licensed Real Estate Agent 396 Stuart Highway, Winnellie

Iconic Beachfront ComplexThis is your opportunity to own a rare luxury, 6th floor, Myilly Point 2

bedroom 2 bathroom apartment within this iconic tightly held beachfront

residences in Darwin‘ s prestigious Cullen Bay.

Jan Hallagan 0403 246 256 Open: View by Appointment

AUCTION Tuesday 29th October 6pm on-site222

Larrakeyah 27/4 Myilly Terrace

Licensed Real Estate Agent 141 Mitchell Street

The Ultimate Dress Circle Location!• Prestigious 1370m2 allotment located opposite Kahlin Oval

• 3 spacious bedrooms upstairs and studio apartment downstairs

• Beautiful tropical gardens & rock escarpment waterfall into the pool

Martin Gore 0417 850 933 Annette Gore 0408 036 252Open: By Appointment

$1,895,000 324

Larrakeyah 41 Temira Crescent

Licensed Real Estate Agent 82 Smith Street, Darwin

PERFECT LOCATION• Specific Instructions have been given to have this one SOLD ASAP!

• Sprawling gardens shelter the elevated family home

• With parks across the road this is perfect for the family

Cameron McDonnell 0403 684 032 Open: By Appointment

$630,000213

Leanyer 12 Parkside Crescent

Licensed Real Estate Agent 18 Stuart Highway, Stuart Park

Plenty of Room for the Family• Architecturally designed 4 bedroom elevated home

• Self contained flat under, with 5th bedroom and 3rd bathroom

• Exquisite views from the deck across Marrara golf course

Carina Schmitt 0415 174 471

435

Marrara 17 Augusta Drive

Licensed Real Estate Agent 3-70 Cavenagh Street, Darwin 8943 3000

Understated elegance in the tropics• Beautifully renovated home offers casual elegance and tropical finesse

• Palatial master bedroom, spacious walk-in robe, luxurious ensuite

• Patio overlooks sensational inground pool and tropical landscaping

Maria Georges 0412 343 842

$795,000324

Leanyer 11 Edgeview Court

Licensed Real Estate Agent 396 Stuart Highway, Winnellie

Tropical, Elevated LivingSituated on a private, tropical allotment of 986m2 in one of Darwin’s best

locations is this 4 bedroom, elevated home. With many attractions close

by this home should be on your "must" inspect list.

Tim Mackenzie 0417 396 472 Open: View by Appointment

FOR SALE 124

Ludmilla 16 Bremer Street

Licensed Real Estate Agent 141 Mitchell Street

1SOLD1

Take action at auction

Auctions can be exciting, daunting and

stressful experiences for everybody

involved,whether it’s your first one or

your 50th

PREPARATION is keyto giving your homethe best chance ofselling at auction

THE property market is tight and

values are rising. A combination

of record low-interest rates and a

rise in consumer confidence is

feeding into residential real

estate.

When property markets are

lively, there is a trend toward

auctions as sellers chance their

hand in snaring a buyer who will

pay over the odds for their

property, while buyers aim to

grab a bargain from a cocky

seller whose property doesn’t live

up to their expectations.

Auctions can be exciting,

daunting and stressful

experiences for everybody

involved, whether it’s your first

one or your 50th.

To turn that adrenalin rush into

a good result, here are some of

the best tips for bidders and

sellers to stay in control and get

the most out of their big day.

TIPS FOR VENDORS

Auctions create a sense of

urgency and competition among

buyers, and protection for you if

the reserve price isn’t met.

Because once the hammer falls,

the sale contract is legal and

binding.

However, auctions may also

come at an increased cost if

they’re not approached the right

way and are very dependent on

the state of the market. Of

course, you’re under no

obligation to attend your own

auction, but it is better to be there

on the spot if any negotiations

are needed and it can be a great

thrill if the result goes your way.

To make sure it does, take on

board these tips: Find a good

agent. They might all look the

same but, like everything, some

real estate agents will be better

than others. Look at their results

from recent auctions in your area,

particularly how many properties

were sold versus how many were

passed in. Talk to friends and

neighbours about who’d they

recommend from past

experience. Consider their

advertising strategy, costs and

commission rate. Attend one of

the agent’s auctions to get a feel

for how they run things and talk

to lots of local agents to get a feel

for the market.

Choose a realistic reserve

price. Decide on the lowest price

you’re willing to accept, compare

it with similar homes and talk

about it with your agent.

Ultimately, the agent wants to get

you the best price possible

because they want the best

commission, but it’s important to

firmly decide on this before

auction day when emotions are

running wild. And keep that

reserve price between you and

your agent. If that price is met,

great. If it’s exceeded, that’s even

better. If the reserve price isn’t

met, the auctioneer may ‘pass in’

the property, so you are obliged

to enter into private negotiations

with the highest bidder.

Open your house. Good

marketing is imperative. Take

advantage of every chance to

have an open house and always

remember to showcase your

property in its best light (and also

in the advertising). Plan ahead of

time to do any repairs, upgrades,

landscaping and painting to add

value.

TIPS FOR BUYERS Auctions

are a battleground that gives

everyone a fair chance to buy the

property. But it’s emotional and

high pressure because it’s a

battle between an agent who

wants to draw every dollar out in

a bid, and you who wants to hang

on to as many of those dollars as

possible.

Get used to it. The more

auctions you’re exposed to, the

less daunting the experience will

be. Attend as many auctions as

you can. Compare agents’

quoted prices with what the

property actually sells for.

Prep before auction day.

There’s no room for making

mistakes on auction day – you

have to pay a 10 per cent deposit

then and there, and there’s no

cooling off period. So the more

you do before auction day, the

smoother it will go. Get your

finances in order, have a solicitor

check the contract, get a

condition report and pest

inspection done.

Decide on a maximum bid and

stick to it. Take out the emotion.

It’s easier said than done, but to

get a good price, the key is to

stop when you reach your

maximum bid. Remember there

are plenty of other properties out

there, so don’t be too

disheartened if you lose.