Seller Tips Auction

AUCTION - the way to put the most certainty into your property sale

Since the beginning of 2004 Harcourts New Plymouth auctioneers Roland Lina, Ian Gundesen and Mark Noble-Campbell have conducted 260 auctions.  An impressive 228 or 87.7% are sold.  Only 32 are not sold.

Even more impressive was the success of our pioneering Published Reserve* auctions.  140 of these auctions had the reserve price published in the advertising leading up to the auction.  Of those 140, 134 sold.  A massive 95.8% hit rate.  That is a phenomenal result we are proud of.

This is confirmation Auction is the most lucrative method of sale vendors can employ.  Further, there is compelling evidence that publishing a realistic reserve will provide the best possible chance of a successful sale.

Here are our statistics:

• Reserve published*  140 Sold 134 = success rate 95.8%
• Undisclosed reserve 120 Sold 103 = success rate 85.9%
• Total auctions  260 Sold 228 = success rate 87.7%

As at 7 November 2008

*  Talk to your auctioneer about publishing the reserve and how it provides the very best return, when done properly in our format.