AUCTION | On Site 12pm Saturday 21st February (unless sold prior) Space, Style & Convenience! A superbly positioned home offering a blend of comfort, flexibility, and excellent everyday convenience at 20b Bronzewing Terrace, Unsworth Heights. This gorgeous family...
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2/2 Rook Place, Unsworth Heights
AUCTION | On Site 11am Saturday 14th February (unless sold prior) Renovated Living in an Excellent Location! Welcome to 2/2 Rook Place, Unsworth Heights, a beautifully renovated three-bedroom, one-bathroom home offering comfort, style, and an enviable lifestyle in the...
10a Felicity Place, Unsworth Heights
AUCTION | In Rooms 12pm Thursday 12th February (unless sold prior) Freehold Family Home with Potential Plus! An outstanding opportunity in the heart of Unsworth Heights, this sunny versatile property at 10a Felicity Place, Unsworth Heights, offers generous family...
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25 Neal Avenue, Glenfield
SOLD!!! Freehold Brick & Tile Newly Renovated Home This beautifully renovated 3-bedroom, 2-bathroom home at 25 Neal Avenue, Glenfield is move-in ready and perfect for first-home buyers, young families, or savvy investors. Built with the enduring strength of brick...
12 Tekapo Rise, Fairview Heights
SOLD!!! Beautifully Designed, Perfectly Positioned! Built with a cavity system, this home at 12 Tekapo Rise, Fairview Heights has been thoughtfully maintained and beautifully presented - from the inviting front façade to every detail inside. It's the kind of place...
1/27 Roanoke Way, Albany
SOLD!!! Your Family Retreat in Albany's Best School Zones Tucked away at the end of a peaceful cul-de-sac at 1/27 Roanoke, Albany, this stylish 3-bedroom, 2-bathroom home is perfect for families and entertainers alike. Designed for easy living, it combines modern...
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