By buying or selling at auction you too can enjoy the benefits of prudent investment in property. Auction provides competition by focusing a property at a particular time and date.
Popularity of auctions for house sales soars
The number of houses being listed for auction is surging as limited supply gives sellers of even modest homes the upper hand.
Real estate agents are touting auctions as offering the greatest transparency for buyers and sellers despite – and because of – the secrecy around desired prices.
They have now become so commonplace that some owners say they have no choice but to join the trend.
Last month alone saw a record 1745 new listings around the country as auctions, which is 13 per cent of all new listings. And in Auckland – for the first time – more than 1000 new listings as auctions entered the market, a quarter of all new listings.
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