Spotting a Failing Campaign Early—Simon Abbott’s Red Flags
Owners of blocks of units and investment property in Victoria need to know: a successful sale rarely arrives by accident. Simon Abbott shares his practical experience on the warning signs a campaign isn’t working, and how to fix it fast.
Top Early-Warning Signs:
- Poor enquiry volume in first 7-10 days. “If quality buyer calls are slow, the pricing or presentation is off.”
- Low attendance at first inspection. Simon recommends at least half a dozen serious investor or buyer’s agent appointments for block listings in the first week.
- Buyers asking the wrong questions. “If investors ask about major repairs, zoning issues, or vacant possession, but don’t ask about yield or tenancies, they’re not close.”
- Repeated lowball or heavily conditional offers. A string of below-market or super-conditional offers usually signals something’s not right in the pitch or expectations.
Scenario: The 2-Year Stale Block
Simon took over a block of 15 units in Melbourne previously listed for over two years. On re-listing, after resetting price and repositioning for investor interest, 15 buyers emerged in 11 days—primary fix: targeted, clear investor communication and realistic vendor expectations.
Simon’s Advice for Owners:
- Don’t wait more than 10-14 days to change strategy if no genuine buyers are emerging.
- Insist on real-time feedback, not just “stay the course” advice.
- Ask your agent if your listing is appearing to the right buyer pool—rethink method of sale if not.
If you suspect your block or investment unit campaign is losing momentum, contact Simon Abbott for an honest assessment.
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