Selling guide
Selling at auction in NZ: what you need to know
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AI summary
Selling your home by auction in New Zealand offers key advantages, including attracting unconditional bids and creating a fast, legally binding sale. Buyers focus on their maximum price, and the confidential reserve price can widen your buyer pool.
A strong pre-auction offer can bring the auction forward, becoming the new reserve. If the property is passed in (doesn't meet reserve), you can negotiate with bidders or lower your price. Attending the auction is highly recommended to make these crucial 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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