AUCTION | In Rooms 12pm Thursday 20th August (unless sold prior) Two Homes, One Title - Live, Invest or Accommodate! Rarely does a property offer the flexibility and lifestyle benefits of two fully self-contained homes on one freehold 618sqm (more or less) site at 12...
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1/74 Chivalry Road, Glenfield
Price By Negotiation Solid Brick 2 bed I Modernised & Move-In Ready! Looking for a low-maintenance home or a smart investment? Privately positioned on a quiet slip road at 1/74 Chivalry Road, Glenfield, this recently modernised 1970s brick home combines solid...
1/117 Sunset Road, Totara Vale
AUCTION | In Rooms 12pm Thursday 13th August (unless sold prior) Private, Sunny & Ready to Enjoy! With vendors who have already purchased their next home and are committed to their next move, 1/117 Sunset Road, Totara Vale creates a genuine opportunity for buyers...
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2/7 View Road, Glenfield
SOLD!!! Must Be Sold - Double Westlake Zone! With the vendor having already purchased, this home at 2/7 View Road, Glenfield presenting exceptional value in the highly desirable Double Westlake Zone. Tucked away from the road in a peaceful and private setting, this...
2/26 James Street, Bayview
SOLD!!! Cavity-Built Home with Family Appeal! Built with a cavity system and positioned in a handy location at 2/26 James Street, Bayview, this beautifully presented four-bedroom home offers the perfect combination of space, comfort and modern family living. Designed...
2/41 Barbados Drive, Unsworth Heights
SOLD!!! Vendors Have Purchased - Must Be Sold! With the owners already committed to their next move, this is a genuine opportunity for buyers to secure a motivated sale here at 2/41 Barbados Drive, Unsworth Heights. Perfect for first-home buyers and young families,...
3 Key Mistakes to Avoid When Selling Your Property at Auction
October 2, 2023
Selling your property at auction can be a lucrative venture, but it’s crucial to steer clear of common mistakes that could hinder your success. In this blog post, we’ll discuss three key pitfalls to avoid, based on insights from experienced auctioneer Andrew North, Harcourts Cooper and Co. By sidestepping these errors, you can enhance your chances of a smooth and profitable auction.
- Don’t underestimate early offers: Overlooking early offers is a common misstep. The saying “first offer, best offer” holds true in today’s market, so carefully evaluate initial bids instead of dismissing them outright. Waiting for a higher offer might not always pan out, so give due consideration to early proposals.
- Set realistic pricing expectations: Accurately pricing your property from the outset is crucial. Seek appraisals from at least two real estate companies, specifically asking if they believe your property can sell within 30 days. This ensures you understand market conditions and attract motivated buyers. Avoid overpricing or undervaluing your property by considering multiple opinions.
- Ensure a clean LIM report: Thoroughly review your LIM (Land Information Memorandum) report. A clean LIM report means there are no outstanding issues or restrictions that could impede the sale. By providing potential buyers with a clean LIM report, you streamline the transaction and facilitate easier financing. Address any issues in advance for a smooth and hassle-free sale.
To maximize your success when selling your property at auction, avoid these three critical mistakes: undervaluing early offers, setting realistic pricing expectations, and ensuring a clean LIM report. By sidestepping these pitfalls, you increase the likelihood of a seamless and profitable auction experience.
For any further questions or comments, reach out so I can give you the best advice for your unique situation, you can reach me at 021-870-836 or David.ding@harcourts.co.nz
David Ding, Harcourts Cooper and Co