Talking Real Estate
Virtual Tours of a Property
Hi folks,
As we are still awaiting the April statistics, I thought I would talk about a marketing tool raised at an appraisal this week regarding the internet and the various selling tools it can utilise.
People Move, Regardless of the Market
Hi folks,
For those of you that read this column on a regular basis, you will know that the statistics I source regarding property sales are from The Real Estate Institute of New Zealand. Their statistics usually come out a little later than Quotable Value but are an excellent snapshot of the real estate market.
Some Property Good News
Hi folks,
Well slap my thighs and call me Bob!! I’m writing today to give out some property good news because I’m absolutely fed up with reading total rubbish put out by the mainstream media about how badly the New Zealand housing market is doing. For the last 2 weeks every story I have read has been negative, neurotic and on more than one occasion utter, utter garbage.
House Prices Haven’t Fallen
Hi folks, due to a family bereavement I recently returned to the UK for a short visit which is why there was no column for the last couple of weeks.
What Are We Doing Right?
Hi all,
Hands up if you are fed up hearing doom and gloom about the property market, hmmm, please bear with me I see that I could be counting hands for quite some time.
People Always Have to Move
Hi all, for the last time this year I’m going to address the changing property market. As you will know I’ve not been shy about discussing where we are going and why. I hope this helps explain a little more why I’m moving positively into 2008.
The Sure Way To Compare a Property Market
Hi all,
A couple of months ago I raised the issue of the question I was most frequently asked, “What’s happening in the real estate market?” Well it’s time to ask again.
Read more about 'The Sure Way To Compare a Property Market'...
The BEO Method of Selling Property
Hello again, this week I’m going to address some questions raised recently regarding the Buyer Enquiry Over (BEO) method of selling property. As some of you may be aware there was a Wellington real estate salesperson who was taken to court by the Commerce Commission last year suggesting that the BEO method was a breach of the Fair Trading Act, simply put, A low asking price was offered but the actual selling price could be considerably above the asking. The outcome of the case was that the judge sided with the salesperson citing Australian practise that it was acceptable to work within a 10% range.
Tommy's is a True Hutt Valley Success Story
After my last column where I was extolling the many virtues of Upper Hutt I have to confess to being very happy with all things real estate and the property market in general especially with Spring arriving and the imminent extended daylight savings just around the corner. I rather hoped anyone reading it would be feeling as confident as I am. Since then a number of finance companies have been put into receivership. It appears that the effect of the first couple of finance companies going into receivership has affected further finance companies rate of reinvestments and trying to get new investors joining them.
Read more about 'Tommy's is a True Hutt Valley Success Story'...
Upper Hutt is Booming.
People Not Property
There are a couple of questions I am frequently asked, one is “Steve, what’s happening to the property market? “ The other is “what’s going to happen to the property market?” I guess the reason for asking either of these is simply that the rate of growth in property prices we have seen over the last 3-4 years has been massively surprising to the majority of people.
In answer to the 1st question, the local market place is acting the same as it does every year at this time, there are less properties on the market and therefore less sales. People are less inclined to sell in the winter months for a variety of reasons, the property may not look so good on an overcast day, its cold and people tend to “nest” over the winter months. The most common reason is that people want to wait for spring, gardens look more colourful and people simply feel better. Not long to go now thank goodness!
The 2nd question is a lot harder to answer. It’s fairly apparent the economists don’t know, after all for the last 3 years comments have abounded about the market overheating and prices coming down. If you had taken their advice and not bought that property for $265,000 18 months ago, you would now be paying in excess of $300,000 and with higher interest rates to boot.