AUCTION | In Rooms 12pm Wednesday 5th February (unless sold prior) 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...
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2/83A Pupuke Road, Northcote
AUCTION | In Rooms 12pm Wednesday 5th February (unless sold prior) Bright Home with Flexible Living & Prime Location! Step into this stunning solid brick and cedar home at 2/83A Pupuke Road, Northcote, perfectly designed for family living and entertaining. Located...
1/2 Pavola Grove, Glenfield
AUCTION | In Rooms 12pm Wednesday 5th February (unless sold prior) Spacious Family Oasis Nestled in a peaceful cul-de-sac at 1/2 Pavola Grove, Glenfield, this bright and well-maintained home offers both comfort and flexibility. If you're accommodating extended family,...
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2/13 Greenridge Court, Glenfield
SOLD!!! Elegant Family Home in a Quiet Cul-de-Sac! Nestled at the end of a quiet cul-de-sac at 2/13 Greenridge Court, Glenfield this elevated property offers picturesque street views and is surrounded by a friendly, quiet neighbourhood. This solidly built home boasts...
1/25 Orion Place, Hillcrest
SOLD!! Start Your Homeownership Dream Here! Begin your journey to homeownership with this inviting home at 1/25 Orion Place, Hillcrest! Revel in the appeal of a beautifully designed space featuring 2 cozy bedrooms, 1 modern bathroom, and abundant natural light that...
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SOLD!!! Fantastic Family Home - Found! This generous four-bedroom family home at 25 Japonica Drive, Beach Haven “ticks all the boxes” for everyone. The spacious open-plan kitchen, dining, and living areas flow effortlessly to a sunny, elevated north-facing balcony....
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