Real Estate Market Wrap 🗞️ Understanding the Impact of Operator Error: Auction Clearance Rates
Here’s the truth on what influences clearance rates. It has nothing to do with interest rates. It has nothing to do with the kind of property. It has nothing to do with the market. But it has everything to do with a concept called Operator Error.
Operator error refers to the ability of a real estate agent to actually put a deal together using the auction system. And what a lot of the people in the marketplace aren't aware of, is that there are agents who understand how to use an auction system, and there are real estate agents who don't.
Not surprisingly, agents who know how to use the auction system have a higher clearance rate.
I also explain, the terms ‘Uncollectibles’ and ‘Preliminary results’. And my forecast for the real estate market leading up to Christmas.
My Clearance Rate: 5/9 SOLD
What was it like in your market? Comment below...