Archive for October, 2011

Just Do It!

Sir Richard Branson struck a chord with me in aTV interview the other day.  He was asked what one piece of advice he would give to people that were unable to attend a speech/seminar that he was giving in Auckland.  His answer was “scr-w it, just do it.”

I think that we, and Kiwis in particular, talk ourselves out of doing so many good things. We wait until everything is 100% risk free before taking the plunge, and consequently never do so many positive things.

Life is full of calculated risks, and 70% – 80% risk free should be good enough for most situations. We also need to compromise to move forward.

This is very much the case when deciding to buy or sell a house or business, and whether to upgrade or move to a more suitable property. I have often been thanked by clients for helping them make decisions, and occasionally I have been told that I should have “pushed harder” because people regret not taking the plunge. Look at the pros and cons, and then make a decision.

Don’t procrastinate. – JUST DO IT!

Kind Regards, Michael

Great opportunity for Sellers

After 2 months of good average volumes of house sales in Feilding in June and July, the volume dropped in August and September locally through all real Estate Agents. According to the BNZ/ REINZ national survey of last week, by far the main reason (32.8%) holding Buyers back is the poor quality of listings.

This means that anyone genuinely wanting to sell is provided with a good opportunity right now as Buyers are waiting for new listings to enter the market. The survey also states that there is a surge in the number of first home Buyers that believe that now is the right time to buy. The ease of borrowing, low interest rates and improving labour market will no doubt account for that.

The median house sale price for Feilding calculated over 3 months currently sits at $210,000, and I would expect this to rise again into the $220,000 – $250,000 range. The low volume means that our median jumps around more than in a larger city.

Don’t hesitate to contact me for a free no obligation market appraisal and presentation report.

Kind Regards, Michael

Which price brackets are selling?

I have looked at all residential sales through Real Estate Agents in Feilding  in the last 4 months, and the price distribution is as follows:

$ 75,000 -$99,000 2 $100,000-$124,000 4
$125,000-$149,000 3 $150,000-$174,000 12
$175,000-$199,000 17 $200,000-$224,000 11
$225,000-$249,000 11 $250,000-$274,000 13
$275,000-$299,000 9 $300,000-$324,000 6
$325,000-$349,000 2 $350,000-$374,000 1
$375,000-$399,000 3 $400,000-$499,000 6
$500,000-$599,000 1 $600,000-$699,000 1

The median sale price is $210,000 calculated over 3 months, and 77% of the activity has been taking place between $150,000 and $324,000.

Kind regards, Michael

What a Great Community & Country!

I have watched so much rugby and league, including the 2 local World Cup games live. The World Cup is outstanding in my opinion, and the local Boots’n’All and Our People Our Place festivals around it are proving awesome too. The colourful spectacle at both local games, and the concerts, mini cup activities, Country comes to Town, Oranges at Half Time, Backing Black etc etc prove what a supportive community we live in. We know how to have fun, and we know how to makes things happen. The entire country seems to have embraced the positive spirit of this Tournament, and it seems that our international visitors are having a ball. And there’s still another 3 Weeks to go!

We are indeed fortunate to live in Feilding, the Manawatu and New Zealand. We have so many positive “can do” people and organisations that make things happen, and many of these without asking for payment. When we want a change, we can go to the city or Lake Taupo, Mt Ruapehu, Wellington, Wanganui, Taranaki, Wairarapa and Hawkes Bay are all within 2 hours, and we have beaches, lakes, streams, bush, mountains all on our back door step.

Real Estate ticks along, but now is a time for everyone to enjoy everything good about living in our patch of Godzone.

Kind regards, Michael