Promotion Terms and Conditions

1. The ‘Sell your property with Harcourts and go in the draw to win your share of $45,000’ (Promotion) is being run by: Active Real Estate, Tawa Realty, Team Wainuiomata, Team Wellington, Team Group Realty, Hamill Realty, River City Realty, Rowe Ratahi Realty, Team CHB, Regent Realty, Team Taranaki, Team Khandallah, M & M Realty (Promotor or us or our).
2. By entering and participating in this Promotion, you (the Entrant) agree to be bound by these Terms and Conditions (the Rules) and represent that you satisfy all of the eligibility requirements below. This Promotion is subject to the Rules and all applicable New Zealand laws and regulations.
3. The Promotion starts on 10 January 2022 and ends on 14 March 2022 (Promotion Period).
4. All entries must be received by the Promoter during the Promotion Period. All entries received after the Promotion Period has ended are automatically disqualified.
5. Entrants to the Promotion must provide accurate and up to date information. By entering the Promotion, each Entrant warrants that all information submitted by them is true, complete, accurate and does not infringe any other party’s rights. Any information provided will be used in accordance with Harcourt Group Limited’s Privacy Policy, which is available online at https://content.harcourts.co.nz/popup/privacy policy.
6. ENTRANT ELIGILIBILITY
6.1. In order to enter this Promotion and be eligible for a Prize you must:
a) Comply with the Rules;
b) Be 18 years or over;
c) Be a resident in New Zealand at the time of each prize draw;
d) Be the registered proprietor of the property that is listed with the Promoter;
e) List your property during the Promotion Period with the Promotor exclusively;
f) Purchase a gold, silver or bronze marketing package during the Promotion Period from the Promotor;
g) Not list your property with any other real estate company during the Promotion Period;
h) Comply with the Promotor’s property listing requirements; and
i) Not be excluded from eligibility by clause
6.2.6.2. Directors, officers, employees, contractors and agents of the Promoter and its related companies, subsidiaries, agents, any company involved in the development or running of the Promotion and immediate family members and those living in the same household of such persons (whether legally related or not) are not eligible to enter or win any Prizes in this Promotion.
7. HOW TO ENTER
7.1. List your property with the Promotor during the Promotion Period and you will go in the draw to win your share of NZ$45,000.
8. HOW DO YOU WIN?
8.1. One (1) Prize Winner will be randomly drawn each week by a Harcourts representative. This decision is final, and no correspondence or discussions will be entered into.
8.2. The prize will be awarded to the Prize Winner upon the sale of their property that is listed under this Promotion. The property must be sold within the Promotion Period or within 90 days of the date of listing the property whichever is the latter to occur to be eligible for the prize.
8.3. If the Prize Winner withdraws their property listing before it has sold, they forfeit their right claim to the prize.
8.4. The weekly Prize Winner will receive NZ$5,000 (Prize) which is to be deducted from the sales commission payable by the Entrant for the property that is listed with the Promotor. This Prize is not transferrable or exchangeable. The prize is limited to one (1) $5,000 cash commission rebate upon the sale of the Entrant’s property. The total prize pool is comprised of nine (9) $5,000 prizes.
8.5. The Prize Winner will be contacted by the listing consultant and/or relevant Promotor using the details provided. If a Prize Winner cannot be contacted within 7 days, the Promotor reserves the right to redraw the Prize.
8.6. Accepting the Prize constitutes a Prize Winners consent to comply with the publicity required as the Prize Winner and the consent to the use of their name, likeness image and/or voice in any form of media, without charge and/or compensation and with reasonable availability for this purpose. This includes but is not limited to publicity on a Harcourts website, social media channels, video, print publication, radio.
9. ADDITIONAL TERMS AND CONDITIONS9.1. In the event of a dispute regarding the Rules, or any aspect of or relating to the Promotion, the decision of the Promotor shall be final and binding and no correspondence or discussion shall be entered into.
9.2. Promotion entries must be made in the manner specified by these Rules. Failure to do so may disqualify the entry.
9.3. The Promotor reserves the right to disqualify any Entrant on reasonable grounds or to refuse to award the Prize to an Entrant that the Promotor decides (in its sole discretion) has violated the Rules, gained unfair advantage in participating in the Promotion or won using improper, unfair or fraudulent means.
9.4. In the event that any Entrant is disqualified from the Promotion, the Promotor in its sole discretion may decide whether a replacement Entrant shall be selected. In this event, any further Entrant will be selected on the same criteria as the original Entrant and will be subject to the Rules.
9.5. The Prize Winner takes the Prize entirely at their own risk and, to the maximum extent permitted by law, the Promotor and Harcourts Group Limited will not be liable to the Prize Winner in respect of any claim for any loss, damage or injury whatsoever (including, without limitation, any consequential, indirect, special, punitive or incidental damages) or for any physical or mental injury suffered by the Prize Winner or family member or friend as a result of or in connection with the Rules, the Promotion or by reason of the utilisation or application of the Prize.
9.6. The Entrant releases the Promotor and Harcourts Group Limited, their directors, managers, staff and agents from and disclaims all claims, whether in contract or tort or otherwise in respect of or arising from the Rules, the Promotion or Prize to the maximum extent permitted by law. If a court of competent jurisdiction holds the Promotor and/or Harcourts Group Limited, their directors, managers, staff or their agents or employees liable in respect of any matters arising under or incidental to this Promotion, then the total aggregate liability shall be limited to $2,000.
9.7. The Promotor reserves the right in its sole discretion to cancel, terminate, modify or suspend the Rules, Promotion or Prize. The Promotor and/or Harcourts Group Limited is not liable to any Entrant or Prize Winner for any loss or damage as a result.
9.8. The Rules are governed by the laws of New Zealand and any dispute arising out of or in connection with them will be subject to the exclusive jurisdiction of the New Zealand courts.
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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