Are auctions a good way to sell houses?

Opinion

Two leading real estate firms have gone head to head over whether auctions are a good way to sell houses.

First National - which has about 70 offices nationwide - has released a survey of its members which it says shows auctioning a house is the least effective way of selling.

But Barfoot & Thompson has hit back, saying auctions are a preferred method and have little to do with a successful sale. Meeting the market with a realistic price is far more important than the mode of sale, says Barfoot director Peter Thompson.

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