Home Auction

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During the Auckland Anniversary weekend we had visited a few open homes and saw one that we had we liked.  Over the following Waitangi weekend (yes! two long weekends in a row – it doesn’t happen often) we decided that we liked it enough to try to buy it.
Kane worked hard in those 4 days to get mortgage approval, valuations, builders reports and insurance all sorted out before the auction day that Saturday.  We knew what the house was worth and how much we willing to pay for it and we nervously headed out.
There was a lot of people there, some were the sellers family and some were neighbours curious what the house would sell for and I think some others were just there to see what happens.  There were about 5 bidding parties in the end.

kane at auction
The auction took place on the driveway of the property and we noted that it was just like those old episodes of Neighbours.  Kane bravely and confidently started the bidding off and another couple similar to us bid against us.  We reached the value of the house and the other couple paused to look at each other, I thought we were in with a chance but they bid again.  We bid again.  The couple shook their heads and for a second the house was almost ours, but then came a bid from the back and we had reached our max and had to bow out gracefully.  A new bidder put their hand up then another new bidder put their hand up and the bidding wars continued with fresh players.  In the end the house sold for $47,000 more than the valuation which surprised everyone involved in the sale and I’m sure the sellers were delighted.
We immediately went to the pub for a stiff drink after all that excitement, and disappointment.
It was quite the experience though.  I’m not sure my heart could cope with too many auctions because it’s such an adrenaline rush!  Poor Kane had worked so hard to get everything together and it was quite disappointing to not have anything to show for his efforts but at least most of the ground work has been done now and we know what to expect if we attend another auction – I just hope next time we win!

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