A free book for New Zealand home sellers

Before you agree to auction, read this.

Thirty years in real estate taught Pierre de Klerk where sellers quietly lose tens of thousands of dollars, without ever finding out.

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Cover of The Auction Trap by Pierre and Paul de Klerk
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30Years selling real estate
AWARD-WINNINGAgency Pierre built and ran,
now retired
18Chapters, 222 pages,
free to download

Your free copy

Read it before the first agent visits.

The most important decision in most sales is made in the first five minutes at the dining room table.

  • The full book as a PDF, straight after you sign up
  • 15 short videos from Pierre, one by email every two days
  • Unsubscribe in one click, any time
You'll also get short emails from Pierre with videos from the book. Unsubscribe in one click, any time. Privacy

The second-bidder problem

An auction doesn't find your buyer's limit. It finds the second bidder's.

The buyer who wants your home most only has to beat the next-highest bidder by one increment. Whatever they were prepared to pay above that stays in their pocket. Nobody records the gap.

OneThe bidding climbsThree buyers want your home. One will go to $700,000, one to $745,000, and one loves it enough to pay $790,000.
TwoBuyer 1 drops out at $700,000The room watches them stop.
ThreeBuyer 2 drops out at $745,000Now the top buyer only needs one more bid.
FourThe hammer falls at $750,000Sold. Everyone's happy.
Five$40,000 stays with the buyerThey were ready to pay it, and never had to.
An example from Chapter 5

A well-run private sale, where each buyer decides without seeing the others, is far more likely to reach the top buyer's real limit.

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Inside the book

What you'll know before the agent arrives

This book is the briefing to read before that first conversation at the dining room table. Open any one for the short version.

  • Chapters5–6

    Why "market value" can cap your price

    Two similar homes, three months apart: one sold under pressure for $695,000, the other for $758,000. Both end up in your valuation as if they mean the same thing.

  • Chapter8

    Five questions to ask before you agree to auction

    Why auction, for this home, now? How many finance-ready bidders? What happens if it passes in? The quality of the answers tells you whether it's strategy or habit.

  • Chapters9–11

    How premium prices are made

    Buyers buy a feeling, and the most motivated arrive in the first three weeks. Strong prices come when buyers see that others want your home, not when they watch every bid and see exactly where rivals stop.

  • Chapter12

    How to choose the right agent

    Treat the highest price estimate as the most suspect, not the most hopeful. Ask for every estimate in writing, and judge agents on how they negotiate, not how they present.

  • Chapter13

    The commission arithmetic nobody shows you

    An extra $10,000 from a counter-offer is $10,000 to you, and about $200 to the agent before splits and tax. That explains a lot about what happens when an offer arrives.

  • Chapter14

    Staying in control after you sign

    Agree before you sign how you'll be kept informed: a written update after every open home and a weekly call. When an offer arrives, the informed seller judges it with context. The passive seller judges it with anxiety.

  • Chapter15

    What your home offers, and to whom

    Build your own property profile before you meet anyone, so you can test an agent's view instead of simply accepting it. Buyers discount for doubt by more than the repairs would cost.

  • Chapter17

    A step-by-step plan for selling

    Before, during and at the offer: ten steps in order of financial importance, including the week-three review that stops a campaign drifting.

On the listing agreement

You are signing a contract. The agent is making a promise. Those are not the same thing.

Pierre de Klerk, Chapter 3

When you choose an agent, you sign an exclusive listing agreement, usually for around 90 days. It legally ties you to that one agency for the whole period. If your home sells during that time, they are owed their commission, however the buyer found it.

In return, you get a promise to work hard for the best possible price. But nothing in a standard agreement requires the agent to reach any price, or to negotiate in any particular way. The book shows you what to ask, and what to agree in writing, before you sign.

The author

Selling in the next month or two? Talk to Pierre first.

Pierre de Klerk
Vendor Mentor, Christchurch

Pierre de Klerk

30+Years selling
real estate

Pierre owned and ran a multi-award-winning real estate agency for thirty years. Today he works on the vendor's side as a Vendor Mentor, helping homeowners get the most from their agent and sell for the best price their home can achieve.

In a one-on-one session he takes you through how the process really works, which method of sale suits your home, and what to ask and agree before you sign anything. Then he introduces you to an agent he trusts to do the listing and selling.

Christchurch and surroundsMeet Pierre in person, at your home or over coffee.
Anywhere else in New ZealandMeet Pierre on a Zoom call at a time that suits you.

There's no charge for a session with Pierre. If you go on to list with an agency he introduces, he is paid a share of that agency's commission. He'll explain exactly how it works when you meet.

Questions

Before you ask

Is the book really free?

Yes. It's the full book, 222 pages and 18 chapters, as a PDF. You can download it straight after you sign up, and we'll email you a copy too.

Who is it for?

New Zealand homeowners thinking about selling, especially first-time vendors and anyone who has been told auction is the only sensible way to sell.

Is this an attack on real estate agents?

No. As the book puts it, the problem in most cases is not the people, it's the structure. A good agent adds real value. The book helps you choose one well and work with them as an informed client.

What emails will I get?

Pierre knows life is busy, and not everyone has time to read a whole book, however useful it is. So he'll send you 15 short emails, one every two days. Each links to a video of under three minutes that explains one key idea from the book, so you get the most important ideas even if you never finish it. Every email has a one-click unsubscribe link.

What does a session with Pierre cost?

Nothing. If you go on to list with an agency Pierre introduces, he is paid a share of that agency's commission. He'll explain exactly how it works when you meet.

I'm not in Christchurch. Can Pierre still help?

Yes. Pierre meets vendors in Christchurch and surrounds in person, and anywhere else in New Zealand by Zoom.

What do you do with my details?

We use them only to send you the book, Pierre's emails and, if you ask, to arrange a session. We never sell or rent them. You can ask us to see, correct or delete them at any time under the Privacy Act 2020.

Something else you'd like to know?

Send Pierre a message and he'll reply personally.

The Auction Trap

You've decided to sell. Now decide to sell well.

Read the book before the first agent visits. It's free, and what's in it could be worth tens of thousands of dollars to you.

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