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An auction is one of the most efficient methods of selling a property through the process of public negotiation. Selling by auction is a fair and sensible method of sale because it enables you to thoroughly test the market and obtain the best possible
If you are selling a property by auction, you will need a sole agency agreement with a sales consultant, have an agreed marketing plan and establish a reserve price in advance of the auction.
If you are in town, it is recommended that you attend your auction. It’s great to have you available if there are any last-minute questions that need to be cleared up.
Your auctioneer will also want to confer with you depending on how the auction is going. If the bidding stops below your reserve price, for example, your auctioneer will want to discuss next steps with you.
All properties can be sold effectively by auction, but the decision usually comes down to the type of property you have and the current market.
Some examples of types of properties and circumstances why this method of sale is commonly used are:
Marketing
When it comes to marketing your property before auction, the rule seems to be more is more. The success of your auction can be largely dependent on your marketing campaign.
We make it our business to ensure that your property is shown in its best form to as many people as possible. We’ll identify the key target markets for your property, and help create a marketing strategy that suits your property, as well as your budget and timeframe.
Reserve price
It’s important for you to understand and be clear on what your reserve price is, and how it’s used during the auction. Your auctioneer should be able to explain this to you in detail and they will work with you to ensure you get the best price possible for your property
From the top of the North through to the deep South, our salespeople are renowned for providing exceptional service because our clients deserve nothing less.
Managing thousands of rental properties throughout provincial New Zealand, our award-winning team saves you time and money, so you can make the most of yours.
With a team of over 850 strong in more than 88 locations throughout provincial New Zealand, a friendly Property Brokers branch is likely to never be too far from where you are.