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Comment on Auctions – Great for Vendors and Buyers alike! by Real Estate Internet Marketing

Real Estate Internet Marketing — Wed, 19 Jan 2011 17:20:27 +0000

Real Estate Internet Marketing…

” Auctions – Great for Vendors and Buyers alike! is a great post about Buyers Market Bidding On Real Estate I recently read….

Comment on Xmas Newsletter – Good bye 2010 by Mike Harper

Mike Harper — Sat, 08 Jan 2011 20:46:09 +0000

Hoopla

The realty is obvious in the case of mortgagee sales is purchasers are looking for bargains. RE people are not the lowest of the low like you state – we are pruely conduits in the sales process. We endeavour to get the maximum for properties we market however if the vendor who ever they may be present a run down property or denines access whoses problem is it – we can only do the best with the tools provided!

Cheers and hope you have a great 2011

Comment on Xmas Newsletter – Good bye 2010 by Hoopla

Hoopla — Sat, 08 Jan 2011 00:35:18 +0000

Good points Russell.

“A great day had by all”… Mike you RE guys really are the lowest of the low.

Comment on Xmas Newsletter – Good bye 2010 by Mike Harper

Mike Harper — Sat, 18 Dec 2010 22:48:28 +0000

Russell……Yes I agree with you but it certainly is a reality check for those currently marketing property. The market has come back and yes people were paying too much in the heigh mid to late 20′s. On the Coromandel we saw underlying section values increase by as much as 100%. This was not substainable, however from a developers point of view with compliance costs and holding costs had to be sold at a higher level to provide a profit. So really the RMA and mindless compliance issues caused this massive increase.

These two examples illustrate the market at its worst as one property was run down and the other we were denined access, so in reality if presented to the market properly not under destressed sales situation the market should have paid at least 50k more for each property.

Cheers and Merry Xmas

Comment on Xmas Newsletter – Good bye 2010 by Russell

Russell — Sat, 18 Dec 2010 10:35:32 +0000

whew! 38 Hahei Rd sold for $695,000 in 2007 and now only $520,000

98 Tangitarori Lane sold for $850,000 in April 2005 and now $550,500

You call that “a great day had by all” – not for the sellers who just lost $175,000 and $295,500.

I guess that coastal prices really have sunk to 2003 levels.

http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10691974

Comment on New Chums Beach – Wainuiototo Coromandel Experience by sophie

sophie — Sun, 05 Dec 2010 05:02:51 +0000

hey there i grew up about 20 years ago as a kid going there for 10 or more years every holiday such a wicked place to visit and explore…. i often saw campers walking across the beach and into the bush on the other side … is this legal ? would love to camp there with my partner if it is to show him what i experienced as a child (not the camping just the visiting)!!!

Comment on Auctions – Great for Vendors and Buyers alike! by Duncan Munro

Duncan Munro — Mon, 22 Nov 2010 02:06:56 +0000

Also Mike, in some areas where the market values have fallen, it’s very hard for agents to tell their potential vendors that their houses are not worth what they paid for them.

No-one wants to loose money. We know as agents that putting a 2007 price on some properties now, will usually achieve nothing.

When you go to Auction a property is put on the market without a price. The auction process, assuming that correct feedback is given by the agent, brings the market value to the property.

It’s often easier for the vendor to come to terms with the current market value, because its not the agent telling him what it is (don’t shoot the messenger) it’s the market.

Agents know that the best time to sell a property is on Auction day as you’re looking at an unconditional sale often achieved in a competition situation.

However, all is not lost if it doesn’t sell under the hammer. We are finding that most of those properties are selling soon after the auction with conditional sales. A lot of buyers won’t come to auctions, a lot can’t come to auctions.

Buyers do not ignore Auction properties. Most of them know, that all the best properties go to auction. If they are looking for something good, they certainly can’t afford to discount a huge section of the market.

Comment on Matarangi Beach Estates – Coromandel’s Hottest Opportunity by Tilley

Tilley — Thu, 18 Nov 2010 10:53:32 +0000

Hello there,

By any chance do you have the contact details for the recievers?

Matarangi Beach Estates – Coromandel’s Hottest Opportunity

Comment on New Chums Beach – Wainuiototo Coromandel Experience by Jake

Jake — Wed, 10 Nov 2010 01:54:00 +0000

I have been recommended this beach by others, Is there somewhere to go camping? Aim to be in the area early Jan. Thanks

Comment on Sellers mindset in the current market. Price Presentation Promotion – Act 1 Price by alan griffiths

alan griffiths — Sun, 12 Sep 2010 07:08:41 +0000

Hello Mike – thanks for having the balls to write what we agents are all thinking. We have a facebook page. We would love to put it on with your name on it as author and the article you wrote. Can I have permission to link it to your article.
Regards from Alan & Jodi LJHooker Matamata