Boats or Houses - what's your take on this?

By
Real Estate Agent with Mosman Neutral Bay Realty, Sydney Australia License #1398412

Yesterday I attended an event at Sydneys waterfront convention area and while I was waiting for the event to start I took a walk along one of the wharfs and I was surrised to see a familiar sign for an unfamiliar item, you see Ray White are a franchise real estate group in Australia which I would comare with say, Keller Williams, everyone has heard of them and they have offices everywhere. What I was surrised to see was this boat or yacht that had a Ray White Marine Auction sign on it. Now it stands to reason that if you auction homes you might consider auctioning other items but it looks like they are a ste ahead and are already established as Marine brokers, which was all news to me. What would you say if you found out that your franchise group was selling marine? Interesting concept don't you think?

Ray White MarineRay White Marine

Posted by

Geoff Grist

Mosman Neutral Bay Realty, Sydney Australia

Comments (2)

Clint Mckie
Desert Sun Home, commercial Inspections - Carlsbad, NM
Desert Sun Home, Comm. Inspection 1-575-706-5586

Hi Geoff, were they going to "auction off the boat" or was it up for sale?

Hard to tell by the sign only.

Let us know.

Clint McKie

May 21, 2011 01:05 AM
Geoff Grist
Mosman Neutral Bay Realty, Sydney Australia - Sydney, AU
Author of Sold Above Market book

Hi Clint, an Auction is just a For Sale with a date on the end usually four weeks from when it comes on the market. The boat or house that is going to Auction is For Sale from the very first day, if it has not sold within four weeks then it is Auctioned for the best rice on the day, if the best rice is not the owners idea of best rice then it continues to be For Sale. The Auction process condenses time, and buyers feel compelled to 'buy before Auction' so more Auctions are sold in 3 weeks than 4 weeks while many For Sales are on the market indefinately. Think about it, For Sale with a date on the end.

May 21, 2011 01:19 AM