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 a fast, legally binding sale process. It encourages buyers to focus on their maximum price and provides the significant advantage of receiving unconditional bids.
Your confidential reserve price can attract a wider pool of buyers. A strong pre-auction offer may bring the auction forward. If the property is "passed in," your attendance is vital for making immediate decisions, like negotiating with the highest bidder or adjusting your reserve price.
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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