Residential Property Survey Question Title * 1. How many years have you worked in residential property auctions? 0–2 years 3–5 years 6–10 years 11–20 years 20+ years Question Title * 2. What type of auction format does your firm mainly operate? Traditional in-room auction Online auction Combination of the above Question Title * 3. Compared with private treaty sales for similar residential properties, how do auction sale prices typically perform? Much lower than private treaty sales prices Slightly lower than private treaty sales prices About the same as private treaty sales prices Slightly higher than private treaty sales prices Much higher than private treaty sales prices Question Title * 4. Which types of residential properties do auctions typically achieve the best sale price for? Investment properties Properties requiring renovation Repossessed properties Standard residential homes Other (please specify) Question Title * 5. Which three factors most influence the final sale price at auction? Guide price Marketing exposure Number of bidders Property condition Market conditions Auction format (online/in-room) Reserve price Question Title * 6. On average, how close is the final auction sale price to the guide price? Below guide price Within 0–10% above guide 10–20% above guide 20%+ above guide Highly variable Question Title * 7. What are the main reasons auction sales fail to complete? Buyer financing issues Legal/title complications Failure to meet reserve price Withdrawal prior to auction Other (please specify) Question Title * 8. If a property was successfully bid at auction, how certain would the sale be? Very likely Likely Neither likely nor unlikely Unlikely Very unlikely Question Title * 9. From listing to completion, what is the typical transaction timeframe for an auction sale? Less than 4 weeks 4–8 weeks 8–12 weeks 12+ weeks Question Title * 10. Are there particular types of residential property or client circumstances where you would almost always recommend auction instead of private treaty? Please give examples. Question Title * 11. Any other comments regarding auction sales vs private treaty? Done
