Monthly Archives: July 2011

This weeks theme was Sunsets…

For this past week….those same sunsets that all Nelsonians never tire of……

Enjoying the bike ride home.....

…..well those sunsets in Nelson hogged the News weather spot …

…twice out of the last 6 nights.

Last night the weather person mentioned some of those clouds over the last few nights were verging on the lenticular variety

but either way we really have been treated the last few evenings.

Sort of makes up, not quite but perhaps near enough……

for the very brisk starts (thanks Antarctica) we’ve had some mornings this week.

Talking about that FREE Appraisal…

July 22, 2011

Astonished, that’s exactly how I currently feel.

 

I feel that way because I believe some folk are getting short changed.

Why?

Well on account of this……….

I’ve just seen the “free appraisal” that a competitor provided to someone I know…….

As a Kiwi I am, well to put it bluntly…. a little bit surprised!

So I thought I’d telephone a family member in Brisbane last week, who I knew had also just had a “free property appraisal” conducted on their own residence.

And the more surprising thing!

Her “free” one sounded nearly the same! (ah! that’s auto computer generated appraisals for you, they just don’t cut it I reckon?)

My Brisbane person said the part in the appraisal that talked specifically about all the features of the said property went like this;

A four bedroom, en-suite property on XXX m2 in XXXX (“Suburb”) is a very attractive proposition to buyers……..close to schools and it then went on for about one or two more sentences….just that.

And this is from an agent showing you, “that they noticed all the features of your home”, so that you can then decide who you pick to sell your home?

Humans………we really are emotional beasts aren’t we…….yes a home purchase should be completely logically thought out…. but how many times do emotions get caught up in the event?

Shouldn’t a Real Estate Agent tasked with selling your $350,000 property demonstrate that they too know how to appeal to that mindset?

Of course they should.

Over the years I’ve learnt one important thing about buying/selling.

Humans “don’t” buy logically…. no in the majority…. they buy emotionally

So…why would you pick someone to sell your biggest asset in the world based on a barely minimum 25 word “all the features of your home and property are here” paragraph.

Aren’t real estate agents meant to be foremost, “marketers?”

Surely this is the time that someone you are going to trust, someone you are going to possibly pay thousands of dollars of your own hard earned cash…..this is where at the very least they show you………that they completely understand your property.

And these features, well they’re even more important in todays “zoom zoom” world. They are the sort of items that you want buyers out there to know about, any features that will elevate your home up above the others in the buyers mind.

So it should naturally follow that agents should display/illustrate that they are 100% familiar with all the benefits and features of your home.

Why?….because its features that they can not only show in person, which is easier because they are there on the property. No, today, its increasingly more important when speaking to a buyer on the telephone, or in advertisement copy for a press or internet listing.

 

Most research shows that the person that is going to pay top dollar for your property is the one who visits in the first 2~3 week of it being exposed to the overall “market.”

Agents need to bring all their skills to the table to “market” any property they are tasked with, such that it reaches the eyes or ears of every potential buyer out there.

And it all starts……. with the appraisal. Oh and the small issue of reading the weekly property book, and noting which agent/company has the most “price reduced” banners over their property listing adds.

Is this NZs oldest commercial building?

Nelson just keeps on surprising.

Finally got around to getting my divers watch batteries replaced and the unit pressure tested. I took the watch to a local jeweler to do so.

The building that houses his operation though, well its got a story of its own.

According to “The Prow(Nelsons regional archive of many things historical) it turns out that the shop at 29 Bridge Street was originally build circa 1855. The Prow notes;

At 29 Bridge street is a small commercial building dating back to c1855, whose frontage is in its roughly original shape. It is believed to be the oldest commercial building in the central business district of Nelson, possibly the oldest commercial building still extant in NZ, and has a Historic Places Trust category B listing.

Even if you don’t get a chance to read the whole story on 29 Bridge St, something Nelsonians may not have been aware of is this;

A fisherman’s jetty once sat at the back of the building in Whakatu Square and would have been used until reclamation in the 1890’s stopped boats having easy access into the Paruparu Estuary  or Tideway as it was known by settlers. Until then spring tides were especially good for larger vessels, while smaller flat-bottomed canoes and barges could proceed even further into the large tidal estuary.

One would suspect that being one of the first settlements in New Zealand, examples like are scattered around the region and The Prow does a very good job of highlighting and explaining them.

Surprising though that when I looked for a streetview pic, turns out most of Nelson central and The Wood haven’t been covered by the camera car yet?

Data – The Prow website

NZ Real Estate Unsold Inventory levels

June 8th, 2010

The following chart details the situation with Unsold Inventory for the month of June 2011.

Included in the data from the recently released June 2011 NZ Property Report posted on 1st July 2011, you can see some definite differences.

Fair to say that those markets having a lower volume of unsold properties than the national NZ median, 42 weeks, are experiencing a bit more buyer activity than the others.

DATA: www.realestate.co.nz. NZ Property Report for June 2011