Selling guide
Selling at auction in NZ: what you need to know
Going, going... gone!
AI summary
Selling your home by auction is a popular NZ sales method that creates urgency and encourages buyers to focus on their maximum price. Key benefits include receiving unconditional offers, a confidential reserve price, and a fast, legally binding sale with the potential for a bidding war.
You will work with your agent to set the reserve based on buyer feedback. If the property is "passed in" (doesn't meet reserve), you can negotiate with the highest bidder. Attending your auction is 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?
Discover More
Townhouses deserve a better press. Here's the evidence.
Seven townhouses for sale on Trade Me Property show there's more to the category than you expect.
‘We wanted to show off’: He built his own Lockwood home to prove what it could do
Former Lockwood boss Joe La Grouw’s 648sqm Rotorua home, built to showcase the company’s designs, is now on the market.
Search
Other articles you might like
