Talking Real Estate
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.
If I Don’t Get My Price, I’m Not Selling!
Hi folks,
Agents often hear home owners say “If I don’t get my price, I’m not selling!” In many cases home sellers don’t have the luxury of holding out for an in your dreams figure because they have to sell in order to buy another home to live in. But if the market can’t deliver the price there is another option for those who have the flexibility to take it on. In some cases it is in the vendor’s best interests to hold onto a property rather than selling for less, especially if they have the borrowing power to own more than one property and turn the unsold home into rental investment income.
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Listing Your Property Online
Hi folks,
Listing your property on an agent’s website is an inexpensive way of getting wide exposure. But if you are counting on internet exposure to sell your home, you need to feel confident that purchasers wanting to purchase in your area will be using the site as a source of property information. How can the layperson determine whether an agent’s website will direct inspections to the property?