Auction

A real estate auction is a method of selling a property through the process of public negotiation to determine the true market value of the property at that time.

Not only is Barfoot & Thompson Auckland’s largest real estate company, but it is also Auckland’s leading auction house - holding more auctions than any other real estate company.

Some benefits of selling by Auction include:

• You market your home without a price; the sky’s the limit.

• You have 3 opportunities to sell your home by auction; a) pre-auction, b) under the hammer or c) post-auction.

• There are no additional fees associated with a Barfoot & Thompson Auction so you have nothing to lose.

Tender

• An auction sale is unconditional, you know your settlement date and how much you have sold for when the hammer falls.

We have a team of seven auctioneers that do auctions - and only auctions. They’re not part-time sales people or managers. That means when you sell your house through a Barfoot & Thompson auction, you’ve got the most dedicated and experienced team possible working for you.

When selling by Tender, your home is sold by way of confidential offers that buyers make by a set deadline.

After the Tender deadline has passed, all offers are opened at the same time in the presence of a Barfoot & Thompson Manager or Auctioneer. You have five working days from the Tender date to decide if you will accept one of them. You have the right to negotiate with just one of the buyers and, once accepted, the buyer is bound by the terms and conditions of the Tender document.

While any property can be sold by tender, it is particularly suitable for:

- Properties where a number of parties must be consulted, for example, properties owned by a family trust or deceased estate.

- Properties where potential customers would expect to have to do due diligence before submitting an offer, for example, properties with strong development potential.

Promotion

Your home is offered to the market at a fixed price that you determine, or by negotiation.

Potential buyers can make offers for you to consider, these offers are usually conditional on various factors the buyer needs to investigate such as finance, builders report, council Lim report contents etc.

Your Barfoot & Thompson salesperson will assist with negotiations and they represent your interests throughout the process.

Sole or General Agency?

If you have a sole agency agreement, then only the real estate company named on the agreement can do real estate agency work (i.e. market and sell) on the property identified in the agreement. This type of agreement encourages the agency to work harder on your behalf. If you sign a sole agency agreement, you should not sign up to another agent, as you may have to pay commission for both.

A general agency allows a number of real estate companies to do real estate work for the same property, at the same time. If you sign a general agency agreement with more than one agency, you would only pay commission to the agency which succeeds in selling your property. With this type of agreement, every agent has the listing but nobody has responsibility of selling the property.

Why list as a sole agency versus a general agency? There is an obligation placed on the salesperson to provide a sale, which encourages them to work harder for it.

Want more tips on how to decide the best way to sell your property?

In this video, our salespeople share their top tips on how to decide what method of sale is right for your home. View on youtube, visit our website barfoot.co.nz or feel free to drop in at a branch for more information about our sale methods.

Our salespeople have all the experience you need and are happy to provide you with more advice and information. Feel free to drop in at a branch, call, or contact us online. With Barfoot & Thompson, not only do you have the strength of Auckland’s largest and most trusted real estate company behind you, you also have 1,700+ salespeople working for you.

COMBINED 3 FREEHOLD SITES OF 2,023M²WITH APPROVED RC, EPA

By Negotiation FOR SALE

$959,000 FOR SALE

Negotiation

DECEASED ESTATE – PRIME LOCATION!

This 1 950’s neat & tidy home on a flat 792m2 street frontage secti on has been in the same ownership for over 50 years Zoned Mi xed Housing URBA N, this proper t y offers plent y of potential for enterprising buyers S omeone with visi on c ould embark on a renovati on or d evelopment project This is an ultimate oppor tunit y for land bankers & d evelopers - probabl y going to be one of the best buy of the current downturn and the luck y buyer will surel y reap the reward in a few shor t years

A rare oppor tunit y in a super c entral locati on, easy a cc ess to the SW motor way, Water view Tunnel that leads you to the Nor th S outh & West Auckland links including CB D & Airpor t S hor t drive to the LynnM all / S t Lukes shopping c entres and walking distanc e to the S toddard Rd shops C all N OW to View

TIMELESS TURN OF THE CENTURY VILLA

-4 double bedrooms

-2 bathrooms

-formal lounge

-sec ond c osy lounge

-open plan kitchen/ dining

-Upstairs parents retreat/ guests with 3rd sitting area

-S tanding on 726 m² of freehold land plus enoug h parking for up to 6 cars and a boat

Negotiation

By Negotiation

Negotiation

By Negotiation

$1,499,000 FOR SALE

By Negotiation

Remuera

64 LILLINGTON ROAD

THE REFORMATION OF A DOUBLE GRAMMAR VILLA

AWARD-WINNER IN REMUERA DGZ

Laying securely at the centre of 915sqm of groomed gardens, behind the picture-book white picket fencing with electric vehicle and pedestrian gates, this timeless villa has had a complete interior transformation.

THE REFORMATION OF Laying securely at the centre the picture-book white picket pedestrian gates, this timeless transformation.

5 2 3 2 3

4 1 3 3 1

A E B G H

A E B G H

10:00am

34 Ascot Avenue FOR SALE by negotiation

Besides walking distance to Remuera Intermediate and Primary, the home is zoned for Auckland and Epsom Girls Grammar, with proximity to private education at Kings School, St Kentigern and St Cuthberts. Travel by rail or road, and shop, dine or be entertained in nearby Newmarket's fashion and food mecca.

C apturing a remarkable allianc e of post-c olonial 1 920s bungalow and traditi onal Japanese r yokan inn, this award-winning D ouble Grammar Zone home is unique C lose and zoned to some of the best schools in New Z ealand the 250 sqm (approx ) weatherboard chara cter home c omprises individualistic features that set it apar t Likel y to appeal to those who are ready to embra c e a zen a esthetic, there's ample spa c e for energetic children to be safe and happy The customd esigned and tranquil retreat is positi oned on a 607 sqm flat secti on o those embra c e energetic on

Besides walking distance to home is zoned for Auckland to private education at Kings Travel by rail or road, and shop, Newmarket's fashion and food

Cici Wang 021 280 2828 c.wang2@barfoot.co.nz

Cici Wang 021 280 2828 / 09 213 9556

Cici Wang 021 280 2828 c wang2@barfoot co c.wang2@barfoot.co.nz

By Negotiation