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 is a fast, legally binding process with key advantages. This method encourages buyers to offer their maximum price through unconditional bids, with the potential for a bidding war.
After a short marketing campaign, you'll set a confidential reserve price with your agent. A strong pre-auction offer can bring the auction forward. If the property is "passed in," negotiations continue, making your attendance on the day highly recommended.
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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