Deadline Sale | Closes 12pm Wednesday 12th March Perfect for First-Time Homebuyers! This elevated three-bedroom gem at 2/10 Sevilla Place, Unsworth Heights offers an affordable and comfortable entry into homeownership. Warm and inviting, the home provides a perfect...
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48B Park Hill Road, Birkenhead
Auction I In Rooms 12pm Thursday 13th March (unless sold prior) Tranquil Retreat in the Heart of the Shore! Nestled amidst lush bush at 48B Park Hill Road, Birkenhead, this charming 3-bedroom, 2-bathroom home offers a peaceful escape from the hustle and bustle while...
42 Anne McLean Drive, Bayview
Deadline Sale | Closes 12pm Wednesday 5th March Versatile Living with Space & Comfort! Nestled in a peaceful and quiet cul-de-sac at 42 Anne Mclean Drive, Bayview, this charming freehold property sits on a tidy 675m² section, offering unparalleled privacy,...
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1/23 Rifleman Rise, Unsworth Heights
SOLD!!! Once You See It, You'll Want to Make It Yours! Nestled at 1/23 Rifleman Rise, Unsworth Heights, most sought-after streets this cherished family home, lovingly maintained by its owners for 19 years, offers the perfect blend of comfort, convenience, and...
1/12 Jumento Place, Unsworth Heights
SOLD!!! Brilliant location, Must see! Welcome to 1/12 Jumento Place, Unsworth Heights, this delightful 3-bedroom, 1-bathroom home, perfectly situated in the highly sought-after Unsworth Heights neighborhood. This property offers the ideal blend of comfort,...
36 Black Teal Close, Unsworth Heights
SOLD!!! A Cherished Family Home Awaits Its Next Chapter! Nestled in the heart of a peaceful neighborhood at 36 Black Teal Close, Unsworth Heights, this charming north-facing brick and weatherboard home has been a cherished sanctuary for our vendors for 19 wonderful...
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