AUCTION | On Site 12pm Sunday 5th July (unless sold prior) Freehold Family Living in Top School Zones! Positioned on a 645sqm (more or less) freehold section in a sought-after Forrest Hill location, this spacious family home delivers an exceptional blend of lifestyle,...
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15/216 Manuka Road, Bayview
Asking Price | $619,000 Must Be Sold - Affordable North Shore Entry! If you have been waiting for an affordable opportunity to step onto the North Shore property ladder, this could be the one here at 15/216 Manuka Road, Bayview. Warm, welcoming and ready to move into,...
24 Tyburn Lane, Unsworth Heights
AUCTION | In Rooms 12pm Thursday 25th June (unless sold prior) Owners Have Bought - Must Be Sold! Positioned in a quiet cul-de-sac at 24 Tyburn Lane, Unsworth Heights, this beautifully presented freehold home offers space, flexibility, and urgent motivation from...
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4 Westminster Gardens, Unsworth Heights
SOLD!!! Time to Move On! No Further Options! After many years of ownership, the vendor is ready to move on and highly motivated to achieve a result. Clear instructions are in place - this property at 4 Westminster Gardens, Unsworth Heights must be sold. Located in a...
16 Noeleen Street, Glenfield
SOLD!!! Lockwood Charm + Freehold Land = Smart Buying! Clear instructions have been given - this property must be sold. Positioned on a generous freehold site of approximately 667sqm at 16 Noeleen Street, Glenfiled, this well-located home presents a fantastic...
38 Sunset Road, Unsworth Heights
SOLD!!! 994sqm Full Site Corner Opportunity! Vendor instructions are clear. This property must be sold, and opportunities like this do not wait. Set on a generous 994sqm full site corner section at 38 Sunset road, Unsworth Heights, this is a pure land value purchase...
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