Talking Real Estate
The Upper Hutt market is always evolving
Hi folks,
I haven’t discussed the property market directly in Upper Hutt for a while so as daylight saving is now here and spring is upon us it seems a good time to look at the year to date. As ever with the property market as soon as I think I have a handle on what’s happening everything changes!
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Dealing With a Home Inspection
Hi folks,
Things I have seen over the years in Real Estate that shouldn’t still come as a surprise but do, number 10,344…..I was in conversation with a colleague last week when one topic we chatted about was how some vendors are reluctant to hand over the marketing of their home to an agent. They feel as anxious as parents teaching their teenagers to drive. Will the agents remember to leave the top lock when they unlock the front door? Will they leave a window open or shut the cat inside? Vendors since time immemorial have anxiously checked and cross checked every detail of the marketing with their agent, and I have to say that it is always good to check, especially if this provides the reassurance they need. But there is a time for vendors to stand back.
Upper Hutt Market Update
Hi folks,
I thought it was time for a review of the property market in Upper Hutt having not done one for a while and yet again the sales statistics make for interesting reading. There are still very negative media reports about the property market almost everywhere in New Zealand with the possible exception of Auckland but you have to take into account a considerably larger population in Auckland that seems to be growing in contrast to much of the rest of the country.
"The Best House in the Street"
Hi folks,
I’m currently marketing a home which is presented to the market in a great condition, the price seems ridiculous given that you get 4 double bedrooms and an 843m2 section for a BEO of only $225,000. So what’s the catch? There is no catch but the property is for sale in a predominantly state housing street. This has raised a number of issues with prospective purchasers about possibly buying the best house in not the best street so I thought I would ask “Surely there can’t be too much wrong with buying the ‘best house’ in the street?”
High Pricing in the Current Market Place
Hi folks,
This week I thought I might address high pricing in the current real estate market place in Upper Hutt. As we know Real Estate is a very competitive industry and recently a couple of properties have come to my attention as being what I would term “optimistically priced”. Some (less professional) agents have strong motivation to quote high when assessing the value of a house for sale – they want the listing. I believe the more professional agents don’t do this because it wastes everyone’s time and often leads to a no-sale stalemate.
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Don't Forget the Exterior!
Hi folks,
Even though winter is upon us and the market is quieter than peak times houses still come to the market even though the outside doesn’t look as good as spring/summer so I thought I would offer some thoughts on focusing on winter presentation. Many people concentrate on interiors when putting their house up for sale. For good reason, the inside is where purchasers will be living and sleeping. But overlooking the exterior of the house can undo some of the good work home sellers have done inside when they de-clutter, paint and generally pay attention to maintenance.
Trading Up in a Buyers’ Market
Hi folks,
Today I’m writing about a particular topic that most of my vendors have heard before, the reason why it’s better to trade up in a deflated market. Many homeowners look at the market and think they have missed the best time to sell their home. They think that it’s smart to wait until the market ‘picks up’ before they get that extra bedroom or the rumpus room they now need for their growing family. Is this really good thinking?
Selling Strategies For Today’s Market
Hi folks,
I thought I would discuss possible selling strategies for today’s market, some vendors may find it interesting, but I doubt there will be a lot here they don’t already know. As we know the property market is constantly changing. Sometimes it seems to work in the favour of sellers and sometimes purchasers, there is no doubt that currently it is working for buyers.
Tommy's Top Agent!
Hi folks,
I haven’t done a market comparison for some time so thought I would give you an update on what’s happening in the Upper Hutt real estate market and surprisingly I’m going to start off with some good news. The start to 2011 in terms of numbers of sales is the best start for the last 3 years of recorded sales, in 2009 from January 1st to March 31st there were 164 sales, in 2010 for the same period there were 135, in 2011 there were 165 sales. These statistics would suggest more activity in the market place but when I add December’s sales (75) to the mix we have 4 months of increased sales, in fact the 2010 December total was the highest since 2006.
New Listings Attract More Buyers
Hi folks,
In the last few weeks I have had a number of listings that have attracted offers within a couple of days of coming to market, in 2 instances the first person through the door made an offer. Fortunately these were negotiated successfully but there will be times when this may not happen and that got me thinking.