Selling guide
Selling at auction in NZ: what you need to know
Going, going... gone!
AI summary
Selling your property by auction in New Zealand provides a fast, competitive, and legally binding sales process. Buyers must make unconditional bids, which simplifies the transaction and encourages them to offer their maximum price.
Your confidential reserve price can attract a wider buyer pool. A strong pre-auction offer may bring the auction date forward. If the property is "passed in" without a sale, you can immediately negotiate with the highest bidders to secure a deal.
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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