Selling guide
Selling at auction in NZ: what you need to know
Going, going... gone!
AI summary
Selling your property by auction is a fast, popular method in NZ. Key benefits include attracting unconditional bids, creating competition where buyers focus on their maximum price, and a legally binding sale once the hammer falls.
Preparation involves a marketing campaign and setting a confidential reserve price with your agent. Attending the auction is crucial for making real-time decisions, especially if the property doesn't meet its reserve and requires further negotiation with interested buyers.
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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