Sell via auction with Total Realty
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    Selling by Auction

    At Total Reality, we realise that a seller has choice when it comes to the method of sale and how their property is pitched to the market. We are also aware that the auction process is one that many sellers and buyers will be skeptical about. As a seller though there are several benefits and we seek to share some of these with you now. Our licensees are skilled to discuss these also as they are for all methods of sale so please do not hesitate to contact a member of the team anytime to discuss. In the meantime, check out the following:

     

    Some of the benefits of the auction process are:

    Reduces the "Days On Market"

    Statistics show that the auction process significantly reduces the time to sell the property when compared to the private treaty process. Using the current high supply and low demand characteristics within many markets, a correctly targeted auction campaign will always increase the amount of purchaser enquiry, thereby allowing you the chance to have a competitive buying and bidding environment via a deadline process.

     

    Structured Selling Plan

    The auction process is just that – a process. Our licensee will explain the whole process from start to finish and will ensure that you are kept informed throughout.

     

    Competitive Bidding

    We have all seen auctions where there are multiple bidders who compete for the purchase in the open forum auction environment. Why not consider and engage in a process where the strategy will allow this to happen? When a property is unique and “highly sought after” (therefore low supply and high demand), the auction process will ensure competitive bidding. Conversely, if a property is within the low demand, high supply category, the auction process will allow the licensee to capture the qualified buyers and use the deadline of the auction to transact the sale sooner.

     

    Unconditional Exchange

    A sale by auction is as good as 'cash in the bank' as it is made by the buyer on an 'unconditional' basis. When a property is sold by auction it is sold on the basis that the buyer has already done their due diligence so no worrying about it being conditional upon 'Finance', 'LIM' or 'Builders' conditions so, when the hammer comes down, the buyer with the highest bid is the winner and the property is sold. And if the property doesn’t sell under the hammer, trust the process as you are increasing your chances of receiving an unconditional by capturing more qualified purchaser enquiries.

     

    We thoroughly recommend a seller to "dig deeper" to enhance their knowledge of the process so that when they are working with their licensee, they are working with them with a good understanding of the process enhancing their chances maximising the process for a successful outcome - and allowing you, the seller, to move onto your next dream.

    The REA has prepared an excellent guide so, if you want to "dig deeper", follow the link below. Of course, our licensees are always on hand, as is our Company Auctioneer so, at any stage, please feel free to contact a member of the team.
     

    https://www.settled.govt.nz/selling-a-home/preparing-to-sell/understanding-the-methods-of-sale/

     

    To view informative videos about the auction process and meet our Company Auctioneer, visit Roger 's website at: https://rogerdawson.co.nz

     

    Other useful resources can be found at:

     

    Apollo Auction Website: https://www.apolloauctions.co.nz/team/roger-dawson

     

    Resources: https://www.apolloauctions.co.nz/resources-1

     

    REINZ Best Practice Guide:

    https://www.totalrealty.co.nz/resources/auction_best_practice_guide_reinz.pdf

     

    At Total Reality we pride ourselves to be of service to you so, if you are buying or selling and are looking to work with people who care, please feel free to contact one of our team anytime by calling 03 940 9797 or emailing enquiries@totalrealty.co.nz.