AUCTION | On Site 12.00pm Sunday 29th March (unless sold prior) Fantastic Family Home. In-Zone Double Westlake! When only the best will do for your family…..Here it is! 1/14 Roband Avenue Glenfield. Perfectly positioned in a sunny cul-de-sac within the highly...
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9 Bryers Place, Bayview
AUCTION | In Rooms 12pm Thursday 2nd April (unless sold prior) Privacy & Versatile Living! Tucked away in a peaceful cul-de-sac at 9 Bryers Place, Bayview, this charming home offers a wonderful combination of space, privacy, and flexible living.. Set on a generous...
15a Tetrarch Place, Totara Vale
AUCTION | On Site 11.00am Sunday 29th March (unless sold prior) Comfortable Family Living in Totara Vale! Looking for an easy-care family home in a quiet and convenient location? 15A Tetrarch Place, Totara Vale could be exactly what you've been searching for. This...
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26 Black Teal Close, Unsworth Heights
SOLD!!! Extended Family Leaving Made Easy Discover your ideal family retreat in this stunning two-level home at 26 Black Teal Close, Unsworth Heights. Perfectly blending modern comforts with spacious living, this property is designed for those who love to entertain...
2/2 Rook Place, Unsworth Heights
SOLD!!!! 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 heart of Unsworth Heights. Ideal for first-home buyers,...
3 View Road, Glenfield
SOLD!!! Renovated Brick & Tile | Double Westlake Zone! Perfectly positioned at 3 View Road, Glenfield, this beautifully refreshed single level home offers relaxed, modern living on a generous and private freehold section. Renovated inside and out with care, it...
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