One of the more frequent questions we are asked when speaking with buyers about specific property is ‘why are they selling?’ however at present this could easily be countered with ‘why are you buying?’ While not trying to be glib, in view of the regular supply of pessimism emanating from the media, one would have to wonder why anyone would do either. Shouldn’t we all remain in a holding pattern, circling forever and paralyzed by indecision?
At present, both buyers and sellers are afraid of making the wrong decision, one thinking they’ll pay too much, the other that they’ll sell for too little. Everyone is focused on the value of property rather than on the benefits of ownership. The funny thing is, life has a habit of moving on, often as not in spite our intentions or economic ambitions. continue reading »
August 15 2010 | Selling Rural Waikato Real Estate | No Comments »
The REINZ National Conference (13 – 16 September 2010) is being touted as the premier event of the year. Having regularly attended past conferences I was interested to receive promotional material to this year’s and to look further to see exactly what the programme of events included.
This is the first year wherein under the new legislation it is no longer compulsory to be a member of REINZ and subsequently they can no longer assume your support. This little detail is undoubtedly something that the new Board is more than conscious of and one would imagine that they will be going to extra lengths to earn the right to your support. As the Conference is the one national event of the year, it is an ideal time to demonstrate their value to the greatest number. continue reading »
August 08 2010 | Real Estate Industry News | No Comments »
Having reviewed the auction and tender methods of selling real estate In New Zealand, we’ll now consider the sale of real estate by Private Treaty; this is the traditional method of selling a property in New Zealand. Private Treaty simply means that a property is being sold at an agreed price by the seller to the buyer without using the auction or tender process.
In this instance, the sale price expectations of the seller are advertised clearly to all prospective buyers. In order to secure a sale and as the property will be marketed at a fixed price it is imperative that the asking price reflects the current market. continue reading »
August 05 2010 | Selling Rural Waikato Real Estate | No Comments »
A call for tenders or an invitation to tender (tender) is a special procedure for generating competing offers from different bidders looking to obtain a property. When buying and selling real estate in New Zealand, there is no one method that is universally accepted as best practice as both the property itself and the circumstances surrounding each sale contain wide ranging variables. Following on from last week’s article concerning selling real estate by public auction we will now look at the tender process. continue reading »
July 29 2010 | Selling Rural Waikato Real Estate and Waikato Rural Real Estate Agent | 1 Comment »
In New Zealand there are a number of different methods used to sell real estate and many people will already be familiar with the Auction, Tender and Private Treaty methods. Every method has its pros and cons as well as detractors and supporters both within the industry as well as amongst the buying and selling public. In more recent years pricing of property appears to have challenged some bringing about a score of new jargon such as ‘expressions of interest’ ‘price on application’ ‘price by negotiation’ and ‘offers over’, even worse in their abbreviated forms which simply leaves the unwary reader bewildered. continue reading »
July 22 2010 | Selling Rural Waikato Real Estate | 3 Comments »
At times property owners choose to cancel their Real Estate Agency agreement for a variety of reasons. The simplest being that they have decided not to sell their property and are therefore withdrawing from the market. Cancellation of the Agency agreement in this instance isn’t usually a problem; after all, the Agent will only achieve a successful sale with the Vendor’s cooperation and as such there is little point in the Agent trying to bind the Vendor to any Agency agreement. continue reading »
July 08 2010 | Real Estate Industry News and Selling Rural Waikato Real Estate | 4 Comments »
Whatever the market is doing out there, selling your property does not have to be overly complicated, not when the correct amount of attention is given to the 4 P’s – Price, Presentation, Promotion and Persistence. The brilliant part is, the 4 P’s are all variables which are completely within your own control. A warning though, if you are feeling a little sensitive about having had your property listed forever, then I suggest you skip this article. However, if you are serious about selling take a deep breath and read on. continue reading »
May 24 2010 | Selling Rural Waikato Real Estate | 6 Comments »
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