Don't rush to no-reserve auctions: Helm

That’s from property commentator Alistair Helm.

He says Trevor Palmer was successful in his auction, selling his property for $232,000, not because of the method used but because of the amount of publicity it generated.

The CV for the property was $240,000.

“He knew full well that if he generated enough interest through advertising to create some competitive bidding the property would sell for what the property was really worth … Property is sold for what a willing buyer is prepared to pay and a willing seller is prepared to accept. Ensure the property is well marketed and you will create the right environment for a true sale - that is what happened this time.”