Terms and Conditions of Entry

  • The company is Team Group Realty Limited. 32 Marina View, Paremata, Wellington, New Zealand and its associated companies. They are Team Wellington Limited, Team Khandallah Limited and Team Wainuiomata Limited.
  • The competition runs from midnight on the 15th of September 2021 to  Midnight on the 30th of November 2021.
  • The prize is $5000 return on fees for 3 winners ($15,000 in total).
  • To qualify for entry into the competition for the prizes your property must be listed and sold by one of our Licensed Real Estate Consultants.
  • The listing needs to be signed up between midnight on the 15th of September 2021 to  Midnight on the 31st of October 2021.
  • All winners must be 18 years of age or older.
  • The names, images and/or voice (including photograph, film and/or recording of the same) of the winner may be published by Harcourts Team Group Realty Limited in both internal and public communications (including social media posts) for an unlimited period of time without further notification, remuneration or compensation, and by entering the Competition the winners consent to such publication.
  • Harcourts Team Group Realty Limited reserves the right to terminate or change the promotion or any or all of the specifications at any time without notification.
  • If for any reason this promotion is not capable of running as planned, due to any cause beyond the control of Harcourts Team Group Realty Limited, the promotion may be abandoned or postponed at the unfettered discretion of Harcourts Team Group Realty Limited. Harcourts Team Group Realty Limited accepts no responsibility for such an event.
  • All winners will be notified by telephone and by written or electronic means within 48 hours of the prize being drawn.
  • Harcourts Team Group reserves the right to verify the validity of all entries.
  • To qualify for inclusion into the draws you must have listed and sold a property with a valid locational address.
  • To qualify for inclusion into the promotion, the appraisal and sale must be complete and entered into Harcourts One by a Licensed Real Estate Consultant.
  • The terms and conditions of this promotion are governed by New Zealand law and any dispute arising out of or in connection with them will be subject to the exclusive jurisdiction of the New Zealand courts.
  • Your inclusion into this promotion provides your agreement to be contacted by Harcourts Team Group Realty or its associated companies to provide details of future promotions. You reserve the right to ‘opt out’ or ‘stop’ this correspondence at any time and the company will endeavor to remove you from their database.
  • Employees of Harcourts Team Group Limited and the specified associated companies including Team Group Rentals Limited and their immediate families are not eligible to enter this promotion.
Methods of Sale

Below you will see our methods of selling homes. The two main categories are Fixed Price and No-Price.

When selling your home with a fixed price, a limit is set on the selling price.

By setting a fixed price on your property, you are able to attract buyers who are looking to buy in that specific price range. This helps buyers to know beforehand if they are within budget of the price you are looking for.

The downside to this approach is that the potential of a premium disappears. This is because the negotiation power is commonly in the hands of a single buyer as there is no competition, and therefore they negotiate to pay as little as possible.

This category of sales methods is preferred as it does not limit the potential of a selling price.

When marketing your property without a price, a wider audience is reached. The reason for this is because the focus is on benefits and high-profile marketing rather than price. Harcourts have found that a price guide can unintentionally put a restriction or ceiling on the price that buyers will pay.

We’ve found that more buyers enquire and consider the property when there is no price attached. Harcourts’ research indicates that many buyers purchase well above their initial budget and by capturing all possible enquiries and qualifying the buyers we receive a far greater number of offers.

How Price by Negotiation Works

Price by negotiation means that there is no price added to the property marketing, and that offers can be made for as long as the property is listed.

By removing a fixed price, and allowing offers for your property to come in based on merit, the possibility of a higher selling price increases.

This method has the possibility of a lengthier selling period, as there is no timeframe added to it.

How Deadline Sales Work

Deadline sales introduce a timeframe to the selling process. This means that offers set by the potential buyers for the property will be considered on or before a specified date.

Because of including a deadline date to the sale, competition is created if more than one offer is made. Competition between buyers produces a sense of urgency in the buyer, meaning that they may be willing to pay more money and make an offer faster than without a timeframe.

How Selling on Tender Works

The tender process is a well recognised and respected method of sale. The property is marketed for a set period of time and all purchasers are invited to submit a tender on a specific time and date.

It is not uncommon to see purchasers pay more than the market value of the property in order to secure it. Tenders can also be conditional. This allows purchasers who are unable to be unconditional, to be in a position to submit an offer for your property.

How Selling at Auction Works

Marketing an auction means that your property receives exposure prior to the auction date. An auction combines the strengths of creating competition, a time frame, and no fixed-price, but puts them in a transparent purchasing environment. This enhances the sense of competition by bringing buyers together in a public and live setting at the same time.

An independent expert negotiator drives the auction, and allows consecutive offers until the interested buyers have ended bidding.

Fixed Price

Buyers control terms

Can be sold before closing date

Cash buyers compete

Contract is always unconditional

Creates competition between buyers

Fixed closing date

Independant expert negotiator

No risk of under pricing

Price Guide

Seller sets settlement date

Transparent selling process

Price by Negotiation

Buyers control terms

Can be sold before closing date

Cash buyers compete

Contract is always unconditional

Creates competition between buyers

Fixed closing date

Independant expert negotiator

No risk of under pricing

Price Guide

Seller sets settlement date

Transparent selling process

Deadline

Buyers control terms

Can be sold before closing date

Cash buyers compete

Contract is always unconditional

Creates competition between buyers

Fixed closing date

Independant expert negotiator

No risk of under pricing

Price Guide

Seller sets settlement date

Transparent selling process

Tender

Buyers control terms

Can be sold before closing date

Cash buyers compete

Contract is always unconditional

Creates competition between buyers

Fixed closing date

Independant expert negotiator

No risk of under pricing

Price Guide

Seller sets settlement date

Transparent selling process

Auction

Buyers control terms

Can be sold before closing date

Cash buyers compete

Contract is unconditional

Creates competition between buyers

Fixed closing date

Independant expert negotiator

No risk of under pricing

Price Guide

Seller sets settlement date

Transparent selling process

Fixed Price

Buyers control terms

Can be sold before closing date

Cash buyers compete

Contract is always unconditional

Creates competition between buyers

Fixed closing date

Independant expert negotiator

No risk of under pricing

Price Guide

Seller sets settlement date

Transparent selling process

Price by Negotiation

Buyers control terms

Can be sold before closing date

Cash buyers compete

Contract is always unconditional

Creates competition between buyers

Fixed closing date

Independant expert negotiator

No risk of under pricing

Price Guide

Seller sets settlement date

Transparent selling process

Deadline

Buyers control terms

Can be sold before closing date

Cash buyers compete

Contract is always unconditional

Creates competition between buyers

Fixed closing date

Independant expert negotiator

No risk of under pricing

Price Guide

Seller sets settlement date

Transparent selling process

Tender

Buyers control terms

Can be sold before closing date

Cash buyers compete

Contract is always unconditional

Creates competition between buyers

Fixed closing date

Independant expert negotiator

No risk of under pricing

Price Guide

Seller sets settlement date

Transparent selling process

Auction

Buyers control terms

Can be sold before closing date

Cash buyers compete

Contract is unconditional

Creates competition between buyers

Fixed closing date

Independant expert negotiator

No risk of under pricing

Price Guide

Seller sets settlement date

Transparent selling process

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