Four-Month Battle to Find a Home

When reading this on I asked myself whether Christchurch is fast following this trend with a market that is gaining incredible momentum and in frequent occasions experiencing intense competition amongst purchasers.

[Gareth Berry] went to his parents for a $200,000 loan and had no problem getting finance with banks offering 5.1 per cent fixed interest for three years. Armed with that cash he had a new top limit of $900,000 – but the search did not get any easier. A four-month battle through Auckland’s real estate auction rooms stretched Gareth Berry’s budget from $400,000 to $880,000 before he finally landed his first family home. Gareth Berry finally has his weekends back after nearly ‘losing it’ looking for a house.

Recently bidding at an auction via telephone for a client out of town, we experienced such competition. The bidding opened with the auctioneer at $480,000 followed by me hastily bidding at $560,000 thinking this will show our bold intent. How wrong I was, the next bid was a $90,000 increase of $650,000 which happened to be the upper level of my client’s budget, so needless to say our bidding strategy went straight out the window at that point. The property eventually sold for $737,000 – another Harcourts Gold success story and I’m imagining one very happy client!

Also in the latest issue of the Harcourts MarketWatch, which also indicates some interesting figures for the month of March. While it is understandable that March 2012 is a better market than 12 months earlier, auction numbers have increased phenomenally, while the number of available properties has dropped significantly. This provides a good indication of a strengthening market.

And something positive to finish on:

“Behold the turtle. He makes progress only when he sticks his neck out.”

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About Peter Griffioen

Peter Griffioen - or simply Griff to those who know him - has an established reputation as a high-producing Harcourts Canterbury salesperson. With a focused approach to customer service you can rest assured that you are in good hands, whether it be a relaxed chat about the state of the market or an in-depth discussion regarding your next property transaction. The key advantage of engaging Team Griff’s services is their local knowledge and experience. Currently in this post-seismic era, it is vital to have true professionals working on your behalf, ensuring that you are guided through the process professionally and with a caring approach. The advent of the ‘as is, where is’ market means specialised expertise are required and Team Griff has taken it on themselves to both understand and explain the pros and cons of this now accepted sale/purchase option. For over 26 years the Griff brand has become synonymous with achieving results. Griff now prides himself with his five member team and takes much satisfaction from empowering them to both achieve and reach their own goals. A team with a proven track record placed with the highest ranking Harcourts Million Dollar Club members, exceeding the $275m level. Such accomplishments highlight the team’s exceptional marketing and negotiating skills. Team Griff are recognised as industry leaders for their online presence and regular blog posts of current and relevant real estate information. E-marketing and readily available property specific detailed info means Team Griff’s clients have the edge when it comes to selling their homes, not forgetting purchasers who benefit first hand. A simple Google search says it all – the Griff brand ranking with the most frequent. Griff’s life focus extends beyond business, with quality time and fun being high priorities, while mountain biking, boating and fishing provide that vital time out. His Christian faith is his anchor for daily living, and his community is important to him. For a team approach to optimize the result for your next property transaction, be sure to talk to this award winning team - synonymous with hard work and results! Griff and his trusted team welcome your enquiry today.

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