Often, recently, my colleagues and I have been discussing the lack of property on the market for good quality buyers. By this, we mean people who are ready to buy now – finance arranged – and who know what they want and are happy for us to search for a home for them. The reason they are still looking is that either what we have for sale does not meet their expectations of value for money or does not grab them emotionally to want to pay a little extra for it, if the price is only just out of reach.
Some of my buyers have been looking for months and the list just keeps growing – there are currently over sixty groups or individuals who would buy now if the right property came up. Even though I become quite close to buyers my duty is to the sellers, as they are the ones I am being asked to act for, so it is not surprising that often we get great results from competing buyers at auctions or listings with a realistic asking price, very quickly.
A case in point is a house listed last Monday with a price on it; we had an offer on it by Wednesday and an agreement was reached on Friday from a buyer who one of my colleagues had been dealing with for some time. Another house that was listed for auction had eight bidders on auction day and sold well above our and the sellers expectations.
Even though the shortage of listings for sale is a real problem in Central Papatoetoe, it is common throughout Auckland and in many other parts of New Zealand, so it’s not surprising that the media have many spectacular examples to tell us about, particularly in Central Auckland.
So if you have been thinking of selling this certainly is a great market for sellers.
It all makes for interesting times.
As always, whether you, family or friends are looking to sell, buy or would like an update of your property’s current value. I would be honoured to help you – just give me a call or send me an email.
August 24 2012 01:43 pm | Uncategorized