Deadline Sale I Closes Wednesday 20th November at 12pm Charming Bungalow in Prime Location! Step into this beautiful bungalow at 2/136 Sunset Road, Unsworth Heights that seamlessly blends classic charm with a modern touch. The welcoming entry, invites you into a home...
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11 Bluebird Crescent, Unsworth Heights
SOLD!!! Solid Built by Fletcher Home! Welcome to 11 Bluebird Crescent, Unsworth Heights! This solidly built Fletcher home has been a well balanced family home and much-loved by the same family for 25 years, and it's ready to create new memories. The open-plan living...
25 Japonica Drive, Beach Haven
AUCTION I In Rooms 12pm Thursday 28th November (USP) 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...
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11 Bluebird Crescent, Unsworth Heights
SOLD!!! Solid Built by Fletcher Home! Welcome to 11 Bluebird Crescent, Unsworth Heights! This solidly built Fletcher home has been a well balanced family home and much-loved by the same family for 25 years, and it's ready to create new memories. The open-plan living...
68 Girrahween Drive, Totara Vale
SOLD!!! Family Comfort and Convenience Welcome to 68 Girrahween Drive - A Family Haven in Totara Vale, Auckland.Set in the sought-after suburb of Totara Vale, this welcoming home is perfect for families who value both comfort and location. With its inviting...
18 Archibald Drive, Milldale
SOLD!!! Modern Family Living Discover spacious family living at 18 Archibald Drive, Milldale! This impressive ex-show home, built by renowned Signature Homes, offers 4 bedrooms and 3 bathrooms, showcasing exceptional quality, style, and functionality. Designed with...
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