Tag: Tips On Selling
Meeting the Real Estate Market
Hi folks,
I have to confess that I barely remember Christmas, not because I over indulged on the hard stuff but because I have been so busy since the New Year with work appointments. So I was struggling to believe that there were only 34 sales in Upper Hutt in January, If pressed I would have guessed that the figure would have been nearer 50, but that’s why I wait for the actual sales statistics to be released so that I can take the guess work out of it.
Should you buy or wait?
Hi folks,
As this is my first column of the year I thought I would address the new years market, the people who are thinking they should move but are a little unsure. They may be nervous of market conditions or apprehensive of potential work changes. So the question is “Should you buy or wait?”
Bridging the Expectation Gap
Hi folks,
After a shocking October in terms of sales of real estate in Upper Hutt are we now going to see vendors bridge the expectation gap between their wants and needs in terms of price? There are many reasons why vendors’ expectations are higher than the market indicators suggest. A few vendors have unrealistic expectations of what the market will bring, some have held out too long for a nonexistent top dollar and have lost the momentum of marketing, others simply misunderstand that the market responds to supply and demand and as such, prices are not theirs to dictate.
Advantages to Trading Up in a Buyers’ Market
Hi folks,
I’ve had the same conversation recently with a number of potential vendors, some of whom realise that the value of their home has dropped and are stuck in limbo deciding whether or not to move in the current market. My opinion is simply this, if you are moving up the ladder, thinking of a larger home, “better” area, extra bedroom, living room bathroom etc, then this is a great time do it! The reality is that most people move when markets are rising, we get rushed along in the positive media spin, many of our friends are moving and for many other different reasons. What people don’t realize is that while you are getting more money for your own home, you are also paying more moving up the chain.
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The Common Misconception About GVs
Hi folks,
I recently had an unconditional offer that I had prepared and was set to meet the potential buyer when I received a call from them prior to our meeting. The buyer wanted to reduce their offer by $20,000 as they saw the 2010 GV had dropped by $20,000 from the 2007 GV.
Why Some Potential Purchasers Fail to Cross the Finish Line
Hi folks,
As most people have probably heard, one of the most stressful things in life to deal with is a sale of your own home and one of the greatest causes of vendor stress in the sale process is an offer falling through before contracts have become unconditional.
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Conducting a Safe Open Home
Hi folks,
I thought I would re-visit safe open homes. Theft from properties that are offering open homes is extremely rare, or they wouldn’t be such a popular method of exposing a house for sale to the widest number of buyers in the shortest time.
Different Methods of Sale
Hi folks,
In my last column of 2009 I discovered that the number of sales in Upper Hutt had decreased substantially, this looks like an ongoing trend that shows no sign of reversing. At the same time we have pundits telling us that prices are up and we are back at the peak market prices. Now this may be true in Central Auckland, but it is plainly and simply not the case in Upper Hutt. We saw some price increases last year but not enough to take us back to where we were.
Communication is the Key to a Successful Sale
Hi folks,
Most vendors would choose the agent who they think will get them the highest price for their property. But do they know what qualities and skills are most likely to bring this about, especially in a market where properties for sale outnumber buyers?
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A Great Moment For First Time Buyers
Hi folks,
Well the REINZ residential statistics for property sales in Upper Hutt are out and combined with the latest count of properties for sale in the area, it doesn’t look great for those people selling. It does look good for buyers though with a large supply of great homes for sale.
