Should I accept a pre-auction offer for my Melbourne house?

Sellers in Melbourne often receive strong pre-auction offers, especially if demand is high or you have buyer uncertainty. Assess the offer’s price, conditions, market feedback, and your campaign goal. Pre-auction offers can be the best available or strategically low to speed the sale.

Assessing the offer

• Is the price genuinely strong for current campaign feedback?
• Are there fewer/conditional buyers expected on auction day?
• Is there competition from other buyers (potential to encourage a counter-offer)?
• Does the offer require special contract terms or delayed settlement?

Risks

• Withdrawing from a scheduled auction with robust registered interest can leave money on the table.
• Selling early sometimes avoids the stress and uncertainty of a public auction event.

Ask your agent for evidence: has the same property type sold better at auction or before?

Curious about recent pre-auction strategies? Contact Collings for examples or an independent viewpoint.