Ian Simpson and Co has an impressive track record with auctions, following on from their March auctions held last week at Condobolin, Lake Cargelligo and Forbes. Ian Simpson and Co. held eight auctions over three days with a 50% clearance rate achieved. At Condobolin, the property at 8 Alldis Street sold under the hammer, as did 107 Flint Street, Forbes and 255 Farnell Street, Forbes. One of the properties at 8712 Lachlan Valley Way Forbes sold prior to auction.
Ian Simpson said, “We had a total of 19 registered bidders and a 50% clearance rate. Good inspections have followed for the properties that didn’t sell and we are confident a successful result will follow soon. We were pleased with the large attendance at all auctions and this shows that there is considerable interest in these two local markets at the present time, with buyers coming from both locally and surrounding areas.”
“I would like to congratulate our vendors and purchasers, wishing them all the best and huge thanks for their support. The buyers are becoming more comfortable and confident with our auction process which is great to see. The auction process enables the vendors to complete a sale within a shorter timeframe and with Open for Inspections, enables prospective buyers the opportunity to have a good look at the property prior to buying.”
Ian said, “I am pleased with this overall result for the year, as we have held 10 auctions with six sold, which is a 60% clearance rate. Our next round of auctions takes place on 19th and 20th April with five properties being auctioned.”
By Cheryl Newsom