And they’re here to stay. Acting REINZ chief executive, Wendy Alexander, says Kiwis are becoming more comfortable with the auction process. “The rationale behind this is that auctions are a good way of finding the market value of a property when the market is moving at pace, and from a purchaser’s perspective, they are completely transparent,” she says.
Joseph Johnson/STUFF
You can have an agent bidding for you, whether you’re at the auction or on the phone. Is it worth making an offer early? Making a pre-auction offer sounds good, but can backfire for a keen buyer.