AUCTION | On Site 1pm Saturday 23 May (unless sold prior) Vacant & Ready - Vendors Have Purchased! With the vendors already moved on and the home now vacant, this property at 2/26 Barbados Drive, Unsworth Heights must be sold-offering a real opportunity for you to...
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8 St Lucia Place, Unsworth Heights
AUCTION | On Site 12pm Saturday 23 May (unless sold prior) Owner Meets the Market – 30+ Years of Ownership Ends Here! This is not a test of the market, our vendor is committed, motivated and open to offers. Held with pride since the 1990s, this much-cherished family...
28 Barbados Drive, Unsworth Heights
AUCTION | In Rooms 12pm Thursday 21 May (unless sold prior) Owners Already Moved - No Plan B, Must Sell! The vendors have already moved into their new home and have no plan B. They're not interested in renting this out - they simply don't want the hassle of holding...
Recently Sold
9 Thornbill Rise, Unsworth Heights
SOLD!!! A Rare Find in Unsworth Heights! Offered to the market for the very first time, this much-loved home at 9 Thornbill Rise, Unsworth Heights has been carefully held and beautifully maintained over the years. Set on a rare, level section of over 700sqm, the land...
36 Tonkin Drive, Sunnynook
SOLD!!! Deceased Estate - Must Be Sold | Westlake Zone Opportunity! An outstanding opportunity has arisen here at 36 Tonkin Drive, Sunnynook. Held on a freehold site of approximately 627sqm, this property offers buyers the chance to secure a well-located home within...
1/50 Kaipatiki Road, Glenfield
SOLD!!! Charming Home - Easy Location! Welcome to this charming and beautifully presented home at 1/50 Kaipatiki Road, Glenfield. Perfectly positioned among surrounding parks and reserves. The welcoming entrance leads you into a light and bright family-friendly living...
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