When we moved to 411 Remuera Road, we gained a dedicated space to run the business more effectively. This provided us with fantastic rooms in the heart of Remuera Village, which we custom-designed to auction our vendor properties. Spacious, light-filled and warm. It is a convenient and uplifting environment in which to do business.
We will be there with you every step of the way – that is our commitment to you.
We have an adaptable approach to auctions, and prefer to take time, to listen to our clients’ needs and work towards the best outcome. Some agencies promote auctions on site as the best way to sell property. However we achieve optimum results by having control over the environment. Having our own auction room ensures we are unaffected by the distractions of weather, parking and noise. When we are settling the terms of exchange for property, we need a high level of professionalism.
That’s why we have also secured the professional skills of some of Australasia's most experienced auctioneers. We regularly see them achieving a premium price for our sellers that we are confident other auctioneers could not achieve. We are proud to offer this level of service to clients who entrust us with the sale of their property.
When buying or selling property at auction, the more informed you are on the process the better. Your agent is happy to advise you with any information you need.
When the auction process takes place, it is transparent as all competitive bids come out into the open in quick succession. There is a certain amount of game-playing and strategy at work - which can either be exciting or daunting - especially for those who lack confidence and are unsure about what they are doing.
At the auction, the auctioneer asks for an opening bid and then offers increments by which the bidding can be raised. For example, they might suggest bids of $10,000 increments but sometimes they go as low as $500. To bid, buyers simply hold up their hand, nod their head to attract the auctioneer’s attention or call out.
When the bidding has reached the reserve price agreed by the seller, agent and auctioneer - established from feedback given by interested parties to the agent - the property is ‘on the market’. The auctioneer seeks to elicit all possible bids from buyers. The property will sell to the highest bidder, at the fall of the hammer. Going, going, GONE!
If it does not meet reserve, the agent and auctioneer consult prospective buyers to get the property sold.
If you are interested in a bidding for a property at auction, you must register your interest formally with an agent. That way, if somebody makes a pre-auction offer you will be contacted and given the opportunity to submit an offer.
If you want to see our auctions in action, you are warmly invited to our Wednesday evening auctions at 411 Remuera Road.
Standard Conditions Of Sale and Conduct of Auction as approved by the Real Estate Institute of New Zealand Incorporated and by Auckland District Law Society Incorporated.
CONDITIONS OF SALE
CONDUCT OF AUCTION