Ilse Evans

Q1) How do I determine the price?

Buyers assess the property by comparing similar homes they’ve viewed or sold and can seek guidance from salespeople or get a registered valuation.

Q2) How do I borrow if I don’t know the price?

Lenders usually offer a pre-approved bidding limit, and a mortgage broker can assist; borrowing shouldn’t prevent you from bidding.

Q3) Do I need cash?

Yes, bidding is considered cash, requiring a 10% deposit immediately after winning, with the balance due on settlement, which can be 14 to 180 days later. Buying is unconditional once bid successfully.

Q4) What about selling my current property?

You can often negotiate delayed settlement to sell your home, and a quick sale or cash offer could strengthen your position.

Q5) Can someone else bid for me?

Yes, with written instructions they can bid in person or by phone if arranged beforehand.

Remember, successful bidders pay 10% immediately, bid unconditionally, and settlement dates are flexible. Always review chattels and agreements carefully, and if unsure, contact us for guidance. Auctions are straightforward but require professional management.

PASSED IN? WHAT HAPPENS NOW? 

If your property was passed in at auction, stay calm, this is just the first step in the selling process. The auction either sells your home or makes it more appealing to buyers. Many new buyers enter the market daily, and conditional buyers can be ready to act, if not already. Your agent or auctioneer will have discussed pricing and positioning right after the auction, and we recommend setting a sharp, competitive price, preferably slightly below your reserve to attract offers. Consider adjusting open home schedules, updating marketing efforts, and possibly extending staging if applicable. Trust the process: with a well-priced property and ongoing marketing, results often follow, and many passed-in homes sell within 14 days. We remain committed to helping you achieve a successful sale.

If you need any further information, please get in touch.

Ilse Evans of Harcourts Cooper & Co. says it’s “business as usual” for them, although under the current COVID-19 Level 3 restrictions, all viewings are by appointment. This affords prospective buyers the necessary safety measures, while at the same time giving them the freedom of inspecting a property in private.

The primary objective of your actions when working at alert level 3 is to restrict the spread of COVID-19, and the  health requirements listed below are in the interests of you and your staff, buyers, vendors and all New Zealanders.

There should be no more than two people from the same extended bubble and the agent at the viewing. Your agent will open all internal doors before the viewing, so people don’t touch door handles in your house. Anyone viewing your property should use hand sanitiser, and they are not allowed to touch any surfaces in your house. Anyone visiting the property should be asked to wear a face covering.

Finally, there should be no more than two private viewings per day, and the agent should clean all surfaces after each viewing.

Ilse has some GOOD NEWS, saying, “We sold an incredible 15 out of 17 properties for the last week which were all live streamed through our Cooper and Co website, with 88% sold under the hammer, with 30 bidders on the end of the phone with our team!  Incredible results”.

Ilse goes on to say that this is due to the continued personal service Harcourt’s Cooper and Co like to offer.  NO online bidding. Always through a team member on the phone in the room guiding you through the process, the auctioneers taking their time, pausing to negotiate if required, always working for their vendors and buyers.

Finally, they have 23 Live stream auctions this week, so for more information on house auctions Belmont, property appraisals Takapuna and selling my house Belmont please get in touch