AUCTION | 12pm Thursday 30th May, In Rooms (unless sold prior) Brick and Tile Beauty! Welcome to 19 Black Teal Close, Unsworth Heights! This stunning house with a spacious land area of 505 sqm, offers plenty of room for outdoor entertaining and relaxation. It is the...
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10 Goldfinch Rise, Unsworth Heights
AUCTION | 12pm Thursday 30th May, In Rooms (unless sold prior) Exquisite Elegance! Discover elegance and comfort at 10 Goldfinch Rise, Unsworth Heights. This stunning solidly built cedar and concrete block four-bedroom, three-bathroom residence boasts exquisite...
15 Frostbite Place, Ranui
AUCTION | 12pm Thursday 6th June, In Rooms (unless sold prior) Best on the West! Are you ready to take the leap into homeownership or expand your investment portfolio? Look no further! This property at 15 Frostbite Place, Ranui is the perfect opportunity to step onto...
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53 Caribbean Drive, Unsworth Heights
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2/8A Target Road, Totara Vale
Comfort, Convenience and Charming Renovated Gem! Discover the charm of this redecorated, sun-soaked sanctuary with a north-facing aspect at 2/8a Target Road, Totara Vale! This 3-bedroom, 1-bathroom gem offers the ideal blend of comfort and convenience, making it truly...
25 Cantina Avenue, Glenfield
Ticks All the Boxes! Welcome to 25 Cantina Avenue, Glenfield. This beautifully presented 3-bedroom, 1-bathroom elevated home, featuring a tidy single garage with ample storage space, is awaiting a new family to adopt and adore. Nestled on a 611m2 (more or less)...
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