Deadline Sale | Closes Tuesday 6th August at 4pm Modern and Versatile Home with Stunning Views! Superbly situated at 2/3 Coronation Road, Hillcrest, this well-appointed 3-bedroom, 3-bathroom freehold home offers the perfect blend of modern luxury and convenience. This...
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4/36A Sunnynook Road, Sunnynook
Price By Negotiation Perfect Starter in the Dual Westlake Zone! Introducing 4/36A Sunnynook Road , Sunnynook , North Shore, Auckland! Nestled in the tranquility off the main road, this charming 2-bedroom, 1-bathroom property offers a serene retreat with a delightful...
57d Hogans Road, Glenfield
Price By Negotiation Quality Home With Master Build Guarantee! Welcome to this stunning, modern three-year-old standalone Freehold title home at 57d Hogans Road, Glenfield. With contemporary living, this home is located in a quiet neighbourhood that offers both...
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2/32A Howard Road, Northcote
First Time on the Market since 1991! Nestled in a tranquil neighbourhood at 2/32a Howard Road, Northcote, just a stone's throw away from lush reserves and a short drive to the motorway, Northcote Shopping Centre and Birkenhead Shops, lies this charming brick and cedar...
45 Condor Place, Unsworth Heights
Your Own Retreat in Two Levels of Living Space! Nestled in a tranquil embrace at 45 Condor Place, Unsworth Heights, this stunning brick-and-tile sanctuary is the epitome of family living. Crafted with quality and care, every corner of this home speaks of comfort and...
43 Heathglen Place, Glenfield
Discover Your Dream Home! Welcome to your ideal retreat at 43 Heathglen Place, Glenfield, a home that strikes the perfect balance between practicality and convenience. Nestled at a tranquil cul-de-sac and offering a 592m² freehold section, it's surrounded by greenery,...
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