Selling my I.P by auction. A similar house is now on the market.

Ive just listed my I.P for sale via auction. Its in a small town where there's not so many listings. In 15 yrs Ive never seen the local agents with so few listings. As luck would have it, a similar looking house is now listed with another agency - 2 streets away from mine. Its a lot newer looking than mine. My I.P dates pre-war and has a lot of character. The other house might only be 10 to 20 yrs old.

The other house has a 4 week auction program. Mine has 5 weeks and the auction date is 1 week later.

Strategically speaking, if my auction is a week later then could I miss out on a buyer because a purchaser could buy the other house? Should I have my auction date on the same day as the other one?

I would appreciate your opinions on this.
cheers

 

You can also capitalise on the buyer(s) who missed out.

All things being equal, the other property will set the price ceiling typically on what you will sell for