Auction Brought Forward - 2pm Sunday 30 March | In Rooms Elevated Living This charming three-bedroom Modulock home at 5 Camilla Grove, Totara Vale wraps you in classic New Zealand warmth, its solid timber interiors offering both timeless character and natural...
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9 Devonshire Road, Unsworth Heights
SOLD!!! Family-Friendly Home on a Full Section! This well-maintained 3-bedroom home at 9 Devonshire Road, Unsworth Heights offers the perfect blend of comfort, security, and convenience. With a modern kitchen and a functional layout, it's ready for you to move in and...
2/39 Rifleman Rise, Unsworth Heights
Auction I On Site 12pm Sunday 13th April (Unless Sold Prior) Modern Comfort with Exceptional Outdoor Living Nestled in the sought-after 2/39 Rifleman Rise, Unsworth Heights, offers a beautifully presented three-bedroom home that perfectly balances modern comfort,...
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2/24 James Street, Bayview
Auction Brought Forward - 2pm Sunday 30 March | In Rooms Comfort & Convenience Discover a beautifully designed home at 2/24 James Street, Bayview that seamlessly blends comfort, style, and practicality. Nestled in a peaceful setting, this well-maintained property...
5 Camilla Grove, Totara Vale
Auction Brought Forward - 2pm Sunday 30 March | In Rooms Elevated Living This charming three-bedroom Modulock home at 5 Camilla Grove, Totara Vale wraps you in classic New Zealand warmth, its solid timber interiors offering both timeless character and natural...
9 Devonshire Road, Unsworth Heights
SOLD!!! Family-Friendly Home on a Full Section! This well-maintained 3-bedroom home at 9 Devonshire Road, Unsworth Heights offers the perfect blend of comfort, security, and convenience. With a modern kitchen and a functional layout, it's ready for you to move in and...
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