Sellers in Reservoir face a pivotal choice—auction or private sale? Michael Tomadakis, auctioneer and sales executive at Collings, has run both methods successfully in the local market. Here, he shares insight to help sellers choose the most suitable path.

The Auction Approach: Why and When

Michael sees auctions as a superb way to generate competition and showcase a property’s best features. They are ideal for renovated homes in sought-after locations, or whenever buyer demand is strong. The open, public nature of an auction can also deliver price transparency and a clear result on the day.

Private Sale: Not Always a Second Choice

Some Reservoir properties benefit from a private sale or Expressions of Interest—especially homes needing more time to find the right buyer, or in circumstances where discretion is important. Michael tailors the approach to property type, market mood, and the vendor’s preferences.

Michael’s Advice: Honesty First

“There’s no one-size-fits-all. The method should always fit the property and the vendor, not habit,” Michael says. He provides realistic, evidence-based advice on which campaign type is likely to maximise the result—explaining the strategy in advance and remaining transparent if the situation changes.

Key Questions to Ask

• Is the property move-in ready and desirable for the area?
• Is there buyer competition for this type of home?
• Do you want a deadline campaign, or flexibility on timing?
• What is your personal preference for transparency, negotiation, and timeframe?

For honest advice on selling in Reservoir—including which sales method best suits your property—contact Michael Tomadakis for a tailored strategy and appraisal.

Collings Real Estate
Phone: 03 9486 2000
Email: info@collings.com.au
230 Waterdale Road, Ivanhoe, VIC, 3079