Selling guide
Selling at auction in NZ: what you need to know
Going, going... gone!
AI summary
Selling your home by auction is a fast and popular method in New Zealand, creating urgency and competition among buyers. Key benefits include receiving unconditional bids, making the sale legally binding and quick.
Your confidential reserve price can attract a wider buyer pool who focus on their maximum offer. If the property is "passed in" without meeting the reserve, you can immediately negotiate with the highest bidders. Attending your auction is crucial for making important, on-the-spot decisions.
The advantages of selling your property at auction
Selling at auction: how to prepare
You'll need to confer with your real estate agent about setting a reserve price for the auction.
Do I need to attend my property auction?
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