Episode 189 - How to Set the Right Auction Reserve and Why It Matters

The reserve price is one of the most important factors in an auction, yet many sellers do not fully understand how it works. On Cut to the Chase (CTTC), real estate experts Diego Traglia and Aaron Davis explain how to set the right auction reserve, why it matters, and how it can influence the final sale price. If you are preparing your property for auction, this episode gives you clarity and confidence.Timestamps:0:12 – Introduction: What reserve setting is and why it matters.0:40 – Setting expectations: Rarely does a property sell exactly at reserve.1:25 – Reserve strategy meeting: Open conversation with auctioneer and agent is crucial.2:32 – Bidding strategy: Vendor bids, opening bids, and auction roadmap.4:10 – Avoiding mistakes: Provide vendors with enough market info.5:33 – Pre-auction planning: Reserve strategy meetings prevent surprises.6:07 – Post-auction plan: Re-engage market if property doesn’t sell.6:49 – Professional approach: Process, negotiation, and avoiding auction day surprises.Team Diego, led by Diego Traglia – New Zealand’s #1 real estate agent, is recognised as the top-selling team in Auckland for outstanding results and client service. With a proven track record across West Auckland and the wider region, Team Diego helps homeowners achieve the best possible sale price through expert marketing, negotiation, and local knowledge. Whether you’re selling your family home or developing new properties, our team specialises in on- and off-market property sales, working closely with buyers, investors, and developers to deliver exceptional outcomes. Discover more at https://diego.nz and see why Team Diego continues to set the standard for Auckland real estate.See Our Testimonials - https://www.diego.nz/testimonialsGet A Free Market Appraisal - https://www.diego.nz/appraisal