{"id":1362,"date":"2020-02-22T22:22:09","date_gmt":"2020-02-22T09:22:09","guid":{"rendered":"http:\/\/pihaux.com\/pre\/?p=1362"},"modified":"2020-02-27T09:09:03","modified_gmt":"2020-02-26T20:09:03","slug":"the-sellers-guide-to-auctions","status":"publish","type":"post","link":"https:\/\/piharealestate.co.nz\/pre2020\/the-sellers-guide-to-auctions\/","title":{"rendered":"The Seller&#8217;s Guide to Auctions"},"content":{"rendered":"<h3>Is selling at auction right for you?<\/h3>\n<p><strong>What is a real estate auction?<\/strong><br \/>An auction is a method of selling a property through the process of public negotiations to determine the true market value of the property at that time.<\/p>\n<p><strong>The benefits of an auction<\/strong><\/p>\n<ul>\n<li><strong>Sense of Urgency:<\/strong>\u00a0The auction day deadline sets a finite selling period and creates a sense of urgency amongst buyers.<\/li>\n<li><strong>Buyer Competition:<\/strong>\u00a0An auction creates the conditions for buyer competition &#8211; which can lead to a premium price.<\/li>\n<li><strong>Options:<\/strong>\u00a0You remain free to consider any offers before Auction day, if you choose to.<\/li>\n<li><strong>Certainty:<\/strong>\u00a0Buyers must bid on an unconditional basis, meaning no complicated conditions.<\/li>\n<li><strong>Control:<\/strong>\u00a0You are in control &#8211; you set the reserve and select the possession date that suits you.<\/li>\n<li><strong>Tracking Interest:<\/strong>\u00a0All salespeople can register potential buyers for your property via a centralised online database, so we can track interest and contact all interested parties in the event of a pre-auction offer.<\/li>\n<li><strong>No Price Limitations:<\/strong>\u00a0By marketing without a price you are never limited by an asking price that is too high or too low, so you can attract a wider range of buyers.<\/li>\n<li><strong>Feedback:<\/strong>\u00a0Your salesperson will provide regular market feedback to assist you in setting the reserve price of your property.<\/li>\n<\/ul>\n<p>To find out more about auctions, including how to set the reserve, how the bidding process works, pre-auction offers and how to best market your home for an auction, contact your salesperson.<\/p>\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"2560\" height=\"1920\" src=\"http:\/\/piharealestate.co.nz\/pre2020\/wp-content\/uploads\/2020\/02\/pre-auction-scaled.jpg\" alt=\"\" class=\"wp-image-9480\" srcset=\"https:\/\/piharealestate.co.nz\/pre2020\/wp-content\/uploads\/2020\/02\/pre-auction-scaled.jpg 2560w, https:\/\/piharealestate.co.nz\/pre2020\/wp-content\/uploads\/2020\/02\/pre-auction-300x225.jpg 300w\" sizes=\"auto, (max-width: 2560px) 100vw, 2560px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Is selling at auction right for you?<\/p>\n<p>What is a real estate auction?<br \/>\nAn auction is a method of selling a property through the process of public negotiations to determine the true market value of the property at that time.<\/p>\n","protected":false},"author":12,"featured_media":9480,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[152],"tags":[],"class_list":["post-1362","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-sellers"],"_links":{"self":[{"href":"https:\/\/piharealestate.co.nz\/pre2020\/wp-json\/wp\/v2\/posts\/1362","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/piharealestate.co.nz\/pre2020\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/piharealestate.co.nz\/pre2020\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/piharealestate.co.nz\/pre2020\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/piharealestate.co.nz\/pre2020\/wp-json\/wp\/v2\/comments?post=1362"}],"version-history":[{"count":2,"href":"https:\/\/piharealestate.co.nz\/pre2020\/wp-json\/wp\/v2\/posts\/1362\/revisions"}],"predecessor-version":[{"id":9481,"href":"https:\/\/piharealestate.co.nz\/pre2020\/wp-json\/wp\/v2\/posts\/1362\/revisions\/9481"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/piharealestate.co.nz\/pre2020\/wp-json\/wp\/v2\/media\/9480"}],"wp:attachment":[{"href":"https:\/\/piharealestate.co.nz\/pre2020\/wp-json\/wp\/v2\/media?parent=1362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/piharealestate.co.nz\/pre2020\/wp-json\/wp\/v2\/categories?post=1362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/piharealestate.co.nz\/pre2020\/wp-json\/wp\/v2\/tags?post=1362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}