New home purchase gives leading real estate agent a timely reminder on the auction buying experience
Buying and selling a home for the first time in nearly eight years has given leading real estate agent Blair Haddow of Bayleys Ponsonby a timely reminder of how nerve-wracking the auction process can be.
Last month Blair was in the Bayleys auction rooms – a place he is more than accustomed to being on a weekly professional basis, acting on behalf of vendors and trying to secure a deal for hopeful purchasers.
However, this time it was Blair in the purchaser’s seat as he went up against two other parties in a bidding battle over a beautiful newly-renovated home in St Mary’s Bay. After some frenetic high-value arm waving, Blair was the auction’s winning bidder – securing his new home in time to move in later this month.
“The process was a timely reminder of how emotional and nerve-wracking the auction procedure can be. Knowing how auctions work, I went in with a set strategy on opening the bidding and what increments to raise the bidding by. Being prepared is exactly the type of advice I give potential buyers coming to my auctions,” said Blair.
“Thankfully the auction went according to plan, although it got quite tense there for a while as the other bids came in,” said Blair.
“While I had an opening bid ready to get the ball rolling, and it would have been nice to have bought the home for that, I also had a final higher figure in mind too, and the bidding process drove my value up.
“The day really reinforced how transparent the real estate auction process is, and how auctions really do achieve the best market price for a vendor on the day. The sales agent and the auctioneer are there to simultaneously get the best price for the vendor and find a solution on the other side of the equation that works for the one lucky buyer left at the end of the bidding process.”
Blair went into the St Mary’s Bay home auction fully prepared after selling his stylish home near Ponsonby Central, where he had lived happily for the past eight years. Selling at the beginning of the year, Blair had a long settlement clause in place – giving him plenty of time to find his next dream dwelling… which duly came along. And the new home in St Mary’s Bay means Blair can stay in the area he loves so much.
Blair’s personal home buying and selling experience replicates his professional activity with Bayleys Ponsonby in the first quarter of the 2021 calendar year, where much of the listing stock he started the year with has sold under the hammer, and the next batch of desirable homes is coming up for sale.
Treading that fine timeline as Ponsonby News was going to press, was a completely refurbished and modernised home in Grosvenor Street, Grey Lynn - the three bedroom, two bathroom, open plan residence packed with designer chic features multiple living spaces, a relaxing deck space overlooking a spa pool and flat lawn.
Meanwhile, topping the list of homes coming onto the market for Blair Haddow’s autumn tranche is a totally renovated four-bedroom/two-bathroom residence featuring new kitchen, dining room, and living room spaces inside, with the addition of a magical swimming pool and surrounding garden landscaping outside. Located on the Ponsonby/Herne Bay border, the home is ideal for families.
Next is a three-bedroom/one-bathroom cottage-style ‘do-up’ in Murdoch Road, Grey Lynn. In the possession of its current owners for the past 17 years, the single level home has been tenanted for the past few years while they were overseas. Now back in New Zealand, they are selling the opportunity to someone wanting to make the quaint abode beautiful once again through a renovation.
And for those buyers looking for something more central city-fringe, Blair Haddow is selling a two-bedroom/one-bathroom terraced town house in Dock Street opposite Victoria Park. All of the listings are featuring on Blair’s Bayleys website.
“Personally going through both the selling and buying processes this year has refocused my attention on those aspects of working with purchasers and vendors in the listings I’m managing. And I’m confident my latest experience will resonate with all parties I’ll be working with in the comings months and years because I know first-hand what they will be going through,” said Blair.
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