There are several methods of buying and selling property in New Zealand. It is important that you understand the particular process for the property you are buying or selling. Practices also vary between agencies so make sure you confirm details with them.
Buying and selling by auction
An auction is an open process where buyers bid against one another to purchase a property.
Read more about buying and selling by auction.
Buying and selling at an advertised price
This is when the property is marketed with a selling price – the amount the seller wants to be paid for it.
Read more about buying and selling at an advertised price
. Buying and selling by tender
When a property is being sold by tender prospective buyers submit confidential written offers for the property to the agent.
Read more about buying and selling by tender.
Buying and selling by deadline sale
When a property is sold by deadline sale, it is marketed for a set period with an advertised end date.
Read more about buying and selling by deadline sale.