What does the owner want for it?

Michael Tierney AREINZ
Licensee salesperson
Auctioneer
Newman Real Estate Ltd
Licensed (REAA 2008)
14 Buckingham Street, Arrowtown

Contact Details
Phone: +64 27 442 1167
Email: michael@arrowtown.co.nz

Why Prices are not advertised in Auctions and Deadline Sales

 

"What does the owner want for it" is the first question many buyers ask when viewing an auction or a deadline sale property

There is no price because the seller wants to find out what a buyer will pay.

The seller will not disclose any information on their opinion of the price they will finally accept, because the owner needs to find out first what the market value really is and this is only achieved by the buyer making an offer.

The owner wants the buyer to make the first offer. So you need to inspect and decide what to offer. The important step is to be knowledgeable and then make your offer.

The rule is simple: make an offer and be prepared to negotiate.