Encore New Zealand Real Estate NZ

Encore Performance Series

Auctions

Is an auction right for you or not?

The decision of how to market your property, is your decision. Whilst it makes good sense to obtain the advice of your chosen real estate agent, ultimately you must decide what is in your best interest. In an attempt to help you with this decision, Encore provides two sources of additional information and we recommend you consider using both.

First, we have a brief presentation on the topic of auctions. Secondly, we are providing you with a DIY Auction Decider Calculator, which takes the issues discussed in our presentation and allows you to manipulate them in a "What If" style.

Auction: Pro's & Con's

Pro

Quick transaction may yield fast funds availability
A Seller's market may produce many anxious buyers
Short marketing period results in saturated exposure
Auction produced sales are non-conditional
Auction bidding produces a very rapid outcome

Con

Quick transaction may not yield the highest sale price
A Buyer's market may produce too few or no buyers at all
Failure to sell at auction will require additional marketing funds
Many potential buyers are unwilling to waive their protections
Rapid decision making may result in the Seller's best interest outcome

We have worked very hard to make sure that the information we provide is unbiased and will add our "two cents" if asked to do so. Asking us for an opinion in no way obligates you to list your property with Encore.

Auction Presentation

Click here to view a presentation about Encore's Auctions.

Auction Decider