frequestly asked questions

WHY SELL BY AUCTION ?

The seller knows the day and time their property will sell and at the price they approve.

Better chance of selling your property at auction than selling with a price.

Speeds up the sale; properties are usually auctioned within three weeks.

Auctions generate buyer excitement and heightens buyer interest.

Buyers gain confidence from other buyers bidding.

Auctions bring buyers to a point of decision.

Auctions require potential buyers to pre-qualify for financing.

There can be no conditions in the respect of the contract being subject to LIM, building report or finance.

Buyers must make 10% deposit on the fall of the hammer.

Assurance that property will be sold at true market value.

Takes the seller out of the negotiation process.

Can save the seller money due to short term of marketing.

Selling by auction allows you to test the market for the real value of your property while at the same time placing a reserve on it that makes sure you at least achieve a price you are comfortable with.

 

Real Estate Consultant Harcourts Christchurch New Zealand