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upper hutt real estate

Tommy's top Hutt Valley agent from 2006 to 2019

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Realism in Pricing is Hugely Important

Hi folks,

In the course of my work I find that realism in pricing is hugely important, the best price may be the soonest sale. In New Zealand today many Vendors of residential property are experiencing a falling in the sale prices of their homes. At times like this it is even more important to price property keenly to sell, as ‘waiting for a better price’ often has the opposite result.

It is even more important at times like this for vendors to understand market forces and do their homework on previous selling prices. It is not the time for home sellers to choose as their selling agent the real estate agent who appraises the property at the highest price. It is the time to do sound research on current and projected property values before deciding on an asking price. Vendors who are prepared to be realistic when comparing their property with others that are similar usually sell for the best price in the long run. While no vendor is likely to compare a three bedroom townhouse with a five bedroom family home on a large block, it is surprising how often vendors think of, for example, a three bedroom house with a small sewing room or study as a four bedroom home, even though the floor area of the four bedroom that sold round the corner is greater.

In order to be a more informed client when it comes to strategies for the pricing of their property, vendors should ask their agent what is the average percentage difference between the selling and asking prices of comparable properties sold in the area. It is important to choose a professional agent who bases their opinion of market value on researched facts. While it is true that not all agents will offer this advice, it is equally true that not all vendors want to hear the realistic price range their property will fall into. Many vendors prefer to see agents enter into a competition that forces them to ‘buy’ a listing, secure their property for sale by being prepared to put the highest price on it, regardless of what the property is really likely to achieve, based on actual selling prices, all of which are in the public domain.

If you are thinking of selling your home, would like a home appraisal, or simply want more information on the Upper Hutt property market please call me on the numbers below or contact me via email steve@steveslicker.com. Alternately, you can fill in your details here on my website.

Kind regards,
Steve Slicker

(04) 212 6787
0275 661 949

 

Steve Slicker, Upper Hutt Real Estate

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If you are considering selling your property in any of the suburbs below, please call or email Steve

  • Akatarawa
  • Birchville
  • Blue Mountains
  • Brown Owl
  • Clouston Park
  • Ebdentown
  • Elderslea
  • Heretaunga
  • Kaitoke
  • Kingsley Heights
  • Mangaroa
  • Maoribank
  • Maymorn
  • Moonshine Valley
  • Mount Marua
  • Pakuratah
  • Pinehaven
  • Plateau
  • Riverstone Terraces
  • Silverstream
  • Te Marua
  • Timberlea
  • Totara Park
  • Trentham
  • Upper Hutt Central
  • Wallaceville
  • Whitemans Valley