The autumn edition of the Big Call certainly lived up to its name at the Bayleys Canterbury auction room on 5 May.
The event featured four auctioneers calling 15 properties across the region – from ‘As Is Where Is’ properties and first-homes to executive residences and lifestyle blocks.
It was standing room only in the auction room, as the first property of the day – an ‘As Is Where Is’ lifestyle block in Marshland – was sold by seasoned auctioneer Fiona Kiwi. The energy in the room was tangible as expectant buyers waited for their chance to bid on their dream property. Auctioneers rotated duties as property after property was called – a family home in Halswell, a builder’s own Fendalton abode, and eight hectares of pristine land in West Melton. Tentative buyers left the room for negotiations as more people streamed in to fill the empty seats.
Tears of joy fell with the hammer, as a young-couple bought their first home – a four-bedroom property in Bishopdale. Vendors Sasha and Neale, who had owned the home for 15 years, couldn’t have been happier with the process. “It was a real win-win,” Neale said. “We got a price we were happy with, and the house went to a really deserving couple. A really great result.”
The youngest of the quartet of auctioneers proved very popular with the growing audience. Daniel Coulson (Bayleys’ National Auction Manager) showed why he is one of only two people to be named the Real Estate Institute’s Australasian Auctioneer of Year more than once. Conor Patton’s one liners – including enticing bidders on a Harewood property with mention of an unbeatable $20 Beef Wellington at the local tavern – were met with plenty of laughs.
Bayleys Canterbury auctioneer Ben Harris says that an important part of being an auctioneer is to help put bidders at ease. “We know it can be a stressful day for people – there’s always plenty of emotion flying around. Creating a relaxing vibe in the auction room with a joke or two really helps to calm people down.”
A trilogy of ‘As Is Where Is’ cottages – all on the same street in Kainga – was met with a flurry of interested bidders during the day’s second session. With each property being sold under the hammer to different buyers, it provided a rare opportunity to meet the neighbours before moving in. The buyer of the final property of the day – a riverside home in Merivale – needed no introduction to his neighbours, having lived next to the picturesque property for the last few years.
Ben says the auction process is one of the most effective ways to buy and sell real estate. “It’s great for both parties. Bidders get a transparent process – what the price is, who’s bidding against them, when the property is on the market - so they’re never left guessing. For vendors, it’s cash unconditional, so they know that when the hammer falls, their property has sold.”
Ten out of the 15 listed properties were sold under the hammer, two were sold in the days to follow and negotiations underway for the remaining three. Richard Norris, Christchurch Residential Sales Manager, says the event highlights how successful the auction process can be for all manner of properties. “We were selling at all price levels – from low $300s to $2.3 million – and there was interest right across the board. We even had a young couple buy their first home in the auction room, which was great to see.”
Bayleys Canterbury will host its next Big Call event in spring 2017. Find out more about Bayleys Canterbury auctions.