X Factor Auctions

An unrivalled agent-focus is just the beginning
Experienced real estate sales practitioners fully understand that sale-by-auction is an agent’s selling option.

Auction is not the only sales tool in the toolbox. It’s a property/market/demand balance that only an experienced real estate professional can determine.

We appreciate that whilst an auctioneer and their wider offering often play a key contributing role on an agent’s chosen team, the agent is always the captain. It’s about respecting the sales team captain.

An agent doesn’t receive a selling fee if they don’t sell a property.

So how is an auctioneer’s default auction fee when an agent SELLS PRIOR, fair? That’s an almighty auction booking fee.

Some in-room auctioneers believe they’re worth $6,000 per hour.

With respect, no player on any ‘Agent’s team’ is worth $6,000 per hour.

To an auctioneer, an in-room auction doesn’t take the time, or have the involvement of, an on-site auction. Only a self-focused auctioneer would try to convince you otherwise.

A reflective-of-merit commercial offering…

Below are three tangible examples of the X Factor agent-focus and commercial understanding. Often, at a time when agents should be celebrating a SOLD prior and sharing ‘High 5s’ with a vendor, they find themselves getting a black-eye as a result of an auctioneer ripping out a lazy invoice - as the vendor understandably challenges the auction fee when “there was no auction”!

That’s not an argument we want to see our agent clients having with their vendors in 2016. We don’t forget our real estate sales background and don’t expect our agents to be auctioneer-apologists.

X Factor Auctions have worked hard in arriving at a more reflective-of-merit solution.

Nominal Booking Fee - $110
Invoiced at the time of booking

Auction Fee - $495
Waived (100%) if the property is SOLD prior.

In-rooms Auction Fee discount – 50%
Invoiced at the 50% rate ($247.50)

… now that’s a reflective-of-merit commercial model and we’re proud to be seen as pioneers of fairness.

The X Factor Auctions commitment to our clients
When you book Michael Virley, Michael Virley is your auctioneer. That’s an X Factor guarantee.

X Factor Auctions work exclusively with (and for) agents and their interests, NOT against them – NO PRIVATE AUCTIONS

60 minute on-site booking intervals allow two very important auctioneer performance elements - punctuality and professionalism.

X Factor involvement allows the agent and his auctioneer to work together toward a result - both before and after the auction if necessary, in delivering the ultimate result that the agent desires, deserves and pays for.

Money-back performance guarantee if an agent is at all unhappy with their X Factor experience