Auction I On Site 12pm Sunday 13th April (Unless Sold Prior) Modern Comfort with Exceptional Outdoor Living Nestled in the sought-after 2/39 Rifleman Rise, Unsworth Heights, offers a beautifully presented three-bedroom home that perfectly balances modern comfort,...
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8 Teviot Place, Totara Vale
Auction I On Site 11am Sunday 13th April (Unless Sold Prior) Spacious Family Home with Parkside Living Welcome to 8 Teviot Place, Totara Vale, a fantastic freehold property on a 675sqm section, offering space, versatility, and a prime location right next to Teviot...
10B Bass Road, Albany
Deadline Sale I Closes 12pm Wednesday 9th April (Unless Sold Prior) Modern Family Living - No More School Drop Offs! Why waste time on school drop-offs when you can live right next door? 10B Bass Road, Albany, built by the owner with convenience in mind for their...
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39 Totaravale Drive, Totara Vale
SOLD!!! Spacious Family Home with Parkside Living! Welcome to 39 Totaravale Drive, Totara Vale, a fantastic freehold property on a generous 675sqm section, offering an incredible combination of space, practicality, and lifestyle convenience. This well-designed home...
30 Unsworth Drive, Unsworth Heights
SOLD!!! Comfort, Space, and Convenience! The location is unbeatable, just a short walk to the serene Unsworth Reserve at 30 Unsworth Drive, Unsworth Heights, where you can enjoy peaceful strolls and outdoor activities. Families will appreciate the proximity to...
60 Goldfinch Rise, Unsworth Heights
SOLD!!! Private and Tranquil Family Charmer Welcome to this charming brick and cedar home at 60 Goldfinch Rise, Unsworth Heights, nestled in a sunny and peaceful setting at 60 Goldfinch Rise Unsworth Heights. This one ticks all the boxes! Offering easy single-level...
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