Jeff Wagg understands the needs of his vendors and has a proven record of helping them achieve their goals, with more than 20 years’ experience in the real estate industry.
Jeff is committed to providing his clients with innovative and effective marketing combined with his extensive experience in the market. His longevity in the industry can be attributed to his enduring passion for property and his experience working in all market conditions.
He has been involved in all types of real estate, from selling residential homes, apartment projects off the plans, subdivisions and ‘raw’ blocks of land. Jeff knows you can’t ‘buy’ or ‘learn’ the experience that comes with 21 years in the industry and which is invaluable in his day-to-day business. A tenacious salesperson, Jeff refuses to give up until a property is sold for a price his vendor is happy with.
Jeff’s background in management and owning his own business have stood him in good stead for his transition into real estate and he has continued to build on his success along with his growing industry experience.
Utilising the Bayleys brand and history of providing clients with exceptional service, Jeff is driven to take on the challenge of exceeding expectations and delivering outstanding results.
Jeff is a real family man having been married to his wife Sandra for 28 years and they have two grown up children. We have lived in Greenhithe since 1998 and the kids have grown up here and met most of their friends through the local schools and sports clubs.
Outside the office, Jeff is a keen runner and has taken part in half marathons in the past five years. He also enjoys indulging his interest in American cars and supporting the Auckland Blues and the Warriors (although we all know how challenging it can be to support the Warriors!).
Auctions are an increasingly popular sale method because they are a straightforward way to buy and sell property in an open environment.
How do I prepare myself for the auction?
Buyers preparing for auction may like to attend other proceedings to get a feel for the environment. Bayleys offices across the country hold weekly auction schedules, and we encourage you to speak to your local salesperson and come along. Other preparations may include:
Do I need to register?
No. At Bayleys auctions, there is no formal need to register. Before bidding, however, you must have received a copy of the ‘Approved Buyers Guide’ to ensure you understand your obligations under the Real Estate Agents Act 2008. Your Bayleys salesperson will require receipt of this in writing.
For more information about the Real Estate Agents Act 2008, visit rea.govt.nz
How do I bid at auction?
For purchasers interested in bidding at auction, we recommend clear and concise communication, and a prior discussion about your sales strategy with your Bayleys residential sales expert, who will be available to guide you through the process.
What is a reserve price and how do I know the property is about to sell?
The reserve price is the minimum value a seller will accept for their property.
What is vendor bidding?
The auctioneer is the only person in the room with the discretionary right to bid on the seller’s behalf, an agreement all Bayleys sellers have acknowledged in writing.
Vendor bidding can occasionally stimulate activity and give potential purchasers a better indication of the reserve price and level at which the property may sell.
Can the property be sold prior?
Yes. Most auction properties where the seller is willing to accept a pre-auction offer will be marketed with the words ‘unless sold prior’. This gives buyers an indication that the auction date could be subject to change should the seller receive an attractive offer before the scheduled date.
To help protect your buying interests, we recommend speaking with your Bayleys salesperson to ensure you are informed of all developments, including whether another purchaser has submitted a pre-auction offer.
If this is the case, all interested parties are invited to submit their best offers, one of which the seller may accept. As a result, the scheduled auction date may be moved up, with proceedings opening at the level of the accepted pre-auction offer.
How can I avoid going to auctions?
You don’t. Auctions are an excellent way to determine current market value and have become an increasingly popular sale method thanks to a successful blend of transparency and simplicity. Your local Bayleys sales expert will be able to provide more information to help you to feel more confident about the auction process.
What contract do I sign?
Before bidding, all interested parties will have access to the auction contract, with additional copies on display prior to proceeding commencement. The auction contract will clearly show all terms and conditions, including warranties, deposit requirements, the settlement date and chattels. Bayleys recommends seeking qualified legal advice before entering any agreements for sale or purchase.
What if I don’t get the house that I want?
While it is disappointing to miss out on your dream home, there’s always the possibility that another buyer may be willing to pay more for a certain property. If so, we recommend learning from the experience and continuing your search. Buyers with a strong understanding of their lifestyle requirements and price expectations are best-positioned to win on the day, details which your Bayleys salesperson can support with their local market knowledge and the latest comparable sales.
What happens if the property doesn’t sell?
If the highest bid doesn’t reach the reserve value, the property will be ‘passed in’, and the auction will conclude. The seller will then consider any post-auction offers which may or may not contain conditions. Typically, the auctioneer will give the highest bidder a chance to negotiate for the property during the auction. This ensures that buyers are provided with every opportunity to buy, on the sellers’ terms, before proceedings are concluded and the property re-opened to the broader market.