We are offering a home in Pt Chevalier for auction with the $940,000 reserve price disclosed right from the commencement of marketing.
When placing a home on the market, real estate agents must provide sellers with an appraisal of the expected sale price, including a list of recent local sales, to justify their appraisal. In very rare instances where there are no comparable sales available the agents must explain this.
“The Professionals sales team provided us with a very comprehensive market appraisal. Based on their appraisal range and comparable sales in the area we were able to determine what we think is a very realistic reserve sale price that will generate plenty of interest.”
Owners of 42 Walmer Rd
Disclosing the reserve price of $940,000 has benefits that will help create greater transparency and trust for everyone involved in the auction process, which is sometimes frustrating (for buyers) and stressful (for owners). The owners know that the buyers visiting the home will have the right budget and when the house sells at the auction they have achieved a fair price. This allows them to plan any future purchase. If it sells for more than the reserve then they know they have achieved market value (ie what the buyers are prepared to pay to pay for the house).
Buyers all too often say they spend significant time & money preparing for an auction, only to find the reserve is actually set well beyond their financial ceiling.
Buyers will also avoid confusion caused by the random nature of the Council Valuations. The agents will spend their time working with buyers that can afford the home and they are aware up front that the owners are willing to accept fair market value for their home as the reserve was disclosed.
To set a reserve price early in the process, real estate agents must be experts in their local market and need to be confident that the house will attract multiple buyers at the reserve level. They also need to be able to answer any questions (or find the answers), handle any objections and solve any issues that might arise during the sale.
Using an experienced real estate agent has real advantages, trusting that they put your interests first, achieving better outcomes and a less stressful sales process are just a few of these advantages.
We have used a drone to take a video fly over of our latest waterfront property at 32 Seacombe Rd, Pt Chevalier.
The property is listed for sale at $3,495,000 and contains 2,200m2 of land with a 1980’s dwelling that would respond to a makeover.
In 2013 and 2014 our high performance team were awarded #1 sales team in New Zealand for Professionals group. We completed 2014 with just under $100,000,000 worth of sales and should break the $100m mark for the current financial year. These incredible results have been achieved by the three salespeople that I am privileged to work with at our Pt Chevalier office – Lawrence von Sturmer, Derek von Sturmer and Jo de Beer
Now we have an amazing opportunity that will be of interest to many others in the real estate industry.
We are looking to replicate our current team success with a new team at our Grey Lynn office where we will use the same structure, payment system and strategies that have been such an incredible success at the Pt Chevalier office. We need two or three team members to join us at Grey Lynn, where you will be working with and mentored by myself and a very experienced team leader and qualified auctioneer.
This is a unique opportunity within the industry where we would fully expect to see the new team also sell in excess of $100,000,000 worth of real estate and be very well rewarded for your efforts.
Maybe you are now successful in another area of NZ where the average price is considerably lower, or working in a lower value area within the wider Auckland region – could now be the time to earn far more for your efforts by moving to the hot suburbs of the inner west area of Auckland City? Or you could already be working locally and are now over the large office environment.
You will be selling homes with a high average sale price and from modern premises located on a high profile corner on Richmond Rd – the main route that winds it’s way through Ponsonby, West Lynn and Grey Lynn.
If you are contemplating a change email firstname.lastname@example.org or call 0274755977
We completed December with our best ever value of sales for that month with the final transaction taking place on New Years Eve and that took us to a total value of sales just under $100,000,000 – our best year ever and an exceptional effort for our team of four!
We are now almost unemployed as we have one of the lowest stock levels ever as we enter the new year with just one existing house for sale and another that is available off the plans! So if you are looking for a bungalow in Pt Chevalier here is the only one currently available: 22 Montrose St
Pt Chevalier, Westmere, Grey Lynn, Ponsonby and Waterview have virtually no bungalows, villas or ex states available right now but on the buyer side we have a record volume of motivated cashed up buyers on the books all desperate to buy early in 2015!
Data just out from Barfoots backs up our own experience, as that also indicates they had their best December in 10 years but also finished the year with stock levels at an all time low.
Great conditions for the SUP guys yesterday with the Oliver St boat ramp the ideal place to launch and enjoy the spectacular pohutukawa trees that have burst into colour over the last week!
The coastline from Coyle Park right up to the Meola Rd bridge is a great place to explore on a paddle board or kayak especially at high tide and it is sheltered from the south westerly winds we tend to get at this time of year.
We have just had our best ever run of sales in the week prior to Christmas including a sale on Monday, two yesterday and two more offers being negotiated today – yes on Christmas Eve! Last year we finalised a sale at 4.45pm on Christmas Eve, sold homes between Christmas and New Year and in the first 6 weeks of 2014 we sold $22,000,000 worth of homes. January 2015 could be the same if we can encourage more people to list their homes for sale!
There has been a massive surge of interest from buyers in the last two weeks leading into Christmas. We have also noted a large number of emails from Kiwis who will be arriving back from overseas during December and January and are keen to purchase a property when they get here. We currently have more cashed up motivated buyers registered with us than at any point in the last 18 years since we opened our original office in Ponsonby.
Running up to Christmas we had plenty of listings but it looks like all but two of them will be sold today!
If you want to take advantage of the shortage of homes, the abundance of buyers and sell your home in January please call our holiday duty agents now – Lawrence von Sturmer on 027 2279294 or Derek von Sturmer on 027 5337357
We need homes everywhere from Ponsonby to Pt Chevalier including Grey Lynn and Westmere and we also have a large number of buyers looking for properties in Mt Albert, Waterview, Avondale and Te Atatu.
Merry Christmas, Happy Holidays, all the best for the New Year and be careful on the roads!
The Quotable Value quarterly property report was published with this mornings NZ Herald and it indicates that of the three main suburbs we deal with that Pt Chevalier showed a stronger gain than Westmere or Grey Lynn. We have also sold a few lately in Waterview and Avondale with these areas showing even stronger gains than the inner city suburbs!
Here are the numbers:
$1,009,550 average value for the three month period ended 30th September. This is 23.7% above the $816,250 figure for the same period 2 years ago.
$996,000 average value for the three month period ended 30th September. This is 21.1% above the $822,800 figure for the same period 2 years ago.
$1,318,800 average value for the three month period ended 30th September. This is 17.9% above the $1,118,900 figure for the same period 2 years ago.
$598,550 average value for the three month period ended 30th September. This is 29.7% above the $461,400 figure for the same period 2 years ago.
$703,750 average value for the three month period ended 30th September. This is 36.3% above the $516,500 figure for the same period 2 years ago.
Professionals Real Estate will finish 2014 easily #1 in the area north of the motorway and with just a couple of days left in November we have so far completed $84,090,000 worth of sales which is approximately 4.5 times more value of sales than the second placed company!
This is almost double the value of sales that we have ever completed before in the area in a calendar year and we still have a month to go!
The chart below shows the performance of the various companies that operate in the area and the data is sourced from tracking all homes that are marketed in Pt Chevalier and any off market sales we are aware of.
Our unique team approach has been a key factor in securing our best ever market share in the Pt Chevalier area, but we could always do with more sales and we need homes now for what we expect will be a very busy holiday selling season. Last year we sold a home on Christmas Eve and sales continued right through the festive period with no let up in buyer enquiry and we expect this year will be similar.
So email email@example.com if you are thinking of selling now or early in the New Year.
Lawrence von Sturmer, Derek von Sturmer, Jo de Beer and Ross Brader
# 1 in the Pt Chevalier real estate market and # 1 sales team for Professionals NZ