At least three local companies are offering “you pay for your feature advertising in the weekly press/paper” and then, …..”when the property sells” we’ll refund you what you spent.
And, what – after a typical 3 mth agency, if the property doesn’t sell, and the property owner has spent $2 ~ 3,000??
.....truly folks, would you REALLY want your photo amongst this lot?
Really good advice to you Mr/Mrs Seller. here….is BEFORE you list your property……visit your local property press / media weekly advertising medium and ask yourself this question………
Prefice the situation depicted above! ……as in, would I really like my property to be one featured on this sample 2012 Nelson page????
Ask yourself….
How did half the properties on that page get themselves into that situation, because I am sure there are at the very least, 4 (well from this Feb 2012 page at least) pretty unhappy campers (all with their very own personal stories) who were told an appraised selling price of $x…but now…for some reason 4 out of 8 of them are experiencing something they don’t want to.
Well you have decided to go to market at $XXX, but now…hmm looks like the table is turning. Make sure you don’t get caught like this is all I’m saying?
And around about now……. such a normal property owner would more than likely be thinking, even seriously considering……….hmmm, this hasn’t worked out so far has it…….just like any normal human would think…….I think I want a change……what to do next?
Change agencies, surely that’ll give the product a very practical & important refresh, a new platform, new attention, different focus / audience / positioning and perhaps in to the bargain….a newly enthused team of agents, etc…..BUT WAIT……there is just this simple matter of thousands of dollars already spent….”and if we change agencies”….well, we won’t get a cent back….will we??
Well what you have just stated is exactly the intention of someone trying to get you into a “contract period” by this method. Think about it?
I could go on for paragraphs about this, but I won’t because like last time………there is the chance that it would be deemed “unprofessional”……and just like last time…….the local paper will pick up on it….and yes, again, just like last time…….I’ll be in a mighty lot of trouble with real estate company directors!
No, please sellers, think thrice before you commence an agency contract based on this type of strategy.
Our company “DaySheet”, the daily “bible” sheet distributed to company offices/sales people shows that yesterday, Summit in the Nelson region (whom I am an independent contractor for) had 10 properties go unconditional on the one day (yesterday 27th March 2012) …… add into that my 2 unconditionals from today, and we have at the very least, 12 SOLDs in 48 hours.
Don't forget the "team".....
(Perhaps, in our companies case, it could be suggested this type of result amply demonstrates the “power of the team” ….but that sounds kind of simplistic without trying to make it sound that way…..and that’s just my own personal opinion showing through anyway)
Surely a seller should do one thing up front, invest more time in selecting an agent / co to assist with aiding them to get the best premium possible for their, in most cases, most expensively prized asset that they possess …….than (well I’ve seen this in real time) they would typical invest in buying a microwave or big screen LED TV?
And that folks …… that is all I ask.
IT’S TRULY IN YOUR (& YOUR LOVED ONES) OWN BEST INTERESTS.
UPDATED
Serendipity strikes tonight – here I am reading the local paper online at 10:30pm ….and look here.
March 28 2012 | Buyers and General and Nelson and Sellers and The Market and Uncategorized | No Comments »
Jan 14th, 2011
Remember this……
What Time is it Mr......? ........its Hammer Time (click to see what I mean)
…I’m sure many of you do.
With the advent of the Internet and Youtube, everyone of any age gets to see it too.
And its all about POWER.
You too should be concerned about power….not just because of constantly changing (ooophs I think its termed “fluctuating”) prices.
Why?
......many big numbers here.......
Because back then POWER was important.
You know what …..POWER is important today….and just to prove that to you…..read on ……
...much mulla to be expended....but thats our mulla too don't forget....
According to New Zealands main source (no pun intended) there’s billions to be spent on NZ’s electricity infrastructure….and its happening right now.
But why does that matter…….?
Well it matters……if you are buying a property outside of a metro centre then you most definitely need to be aware of whats going down!
Mainly on account of the fact that it might just affect that lifestyle property you are about to buy………. and have decided…………after conversations about preparing an “unconditional cash offer” on the property………because you will be seen by the properties owners….the vendors ….in the “best light”…..TO….maybe bypass a LIM or chk of the Council files.
GOOD NEWS
surprisingly enough........its called "The Grid"
You might not have to worry about that…..and you can proceed with your offer….BUT ONLY after you have checked out this site.
1960's is so last.........hmmm........long time.....
And when you consider ….mentions like …”since 1960…” then unless you are planning to live in your new location for an equivalent 50 years or so…..maybe you too, should take notice of what this is all about.
DISCLAIMER
Although I have made comments above to the effect that I may have suggested in any way that you could bypass “an experts” opinion…..that was just my educated guess….coming from my own background. Were you to make a property decision…..one that could involve much money….perhaps thousands of your savings/investments/previous home equity/et al….please ensure that you involve a professional to bring their educational and professional opinion to the “table.”
**********************************************************************
Article’s Original Source – www.REINZ.co.nz
RELATED SITES
http://www.transpower.co.nz/
http://www.gridnewzealand.co.nz/home
January 14 2011 | Buyers and General and Nelson and New Zealand | No Comments »
November 26th, 2010
Unfortunately for once, buyers of Nelson real estate, or Tasman or Marlborough miss out! In fact the whole “Top of the South” isn’t included.
However if your home, or the one you are looking to buy does reside in one of these territorial authority zones listed below, you’re in luck and can get a free QV report now.
...for a limited time.....
Fortunately there is a reasonably long list of participating councils, and they are;
• Far North District
• Waimate District
• Upper Hutt City
• Gore District
• Hastings District
• Manawatu District
• Whakatane District
• Dunedin City
• Otorohunga District
• Buller District
• Porirua City
• Hurunui District
• Opotiki District
• New Plymouth District
• Central Otago District
• Wanganui District
• Hutt City
If you’d like to find out more here’s the terms and conditions page over at the site, and how to get started.
According to the dates on this webpage it would appear that this promo runs for the period September 2010 ~ January 2011.
November 26 2010 | Buyers and New Zealand and Sellers and Stats / Sales Data and The Market | No Comments »
September 14th 2010
Being “down-under” at the other end of the world means one thing.
new seats about to be introduced to the world next week....
To get anyway far away, for a Kiwi….it’s always very costly. But hey…..we are no stranger to the concept. Our own award winning Air New Zealand are constantly world leading in new seating/sleeping concepts for long haul.
This may not be the way to do it……but could it also be the way to alleviate the expense on say a short haul Tasman Sea flight.
I’ve seen the double decker sandwich style that Mr Branson liked, and others like those favoured by Michael O’Leary….but this style…….it might just get some traction? One way or the other, my suspicion is that I don’t think we’ve heard the last of this type of idea?
Could high density seating be a goodbye to 31 inches of legroom?
For the full story head on over to….wired.com.
David…..but how does this relate to Nelson Real Estate?
Frankly it definitely does relate to Nelson Real Estate……it not only relates to peoples from afar having easy/cheap/convenient access to NZ, but just as importantly those who may desire a more regular travel frequency. Or just as equally, trans-tasman work commute opportunities.
That being the visitation to/from them of family or friends from those afar places. In any case where this travel cost is substantially reduced, then I see merits from a real estate perspective. Basically the concept I am trying to get across is the well known to property investors one called the “ripple effect”…..but in this case its across oceans.
September 14 2010 | Buyers and General and Nelson and New Zealand | No Comments »
August 22nd, 2010
…..continues from Part I.
As you may recall from Part I, the Real Estate Salesperson/Branch Manager is calling at the home of the seller at 7pm ready to present 3 buyer offers, all in sealed envelopes.
We find 3 offers from 3 different buyers who each want to own a house in the sunshine capital of New Zealand, Nelson, where the weather map looks pretty much like the one above every day 
They sit down at the dining room table and open them, in turn looking at the $$$ offered, the deposit, the possession date, and most importantly the conditions………
A] do they need to sell their existing property first (is it even on the market yet?)
B] do they need 3-5 days to get a builders report / engineers analysis / finance approval?
C] do they require a LIM / long / short / unfavourable possession date
D] are they being cheeky with no / very small deposit / trying on silly clauses
E] do any of these offer us an unconditional sale tonight, right now, here on the spot, SOLD?
…..once all three offers have been opened and they are laid out on the table…..
Photo: Andy Newson
……its decision time.
All have come in around the right dollar figure for the clients expectations of what they wanted to achieve, the possession dates for two are ok, one is out an extra 4 weeks.
nearly a clean contract.....
One needs so many days for bank approval of the finance, along with the final check of the form & title from a solicitor or a conveyancing specialist.
Lets look at number two…..
there’s not much missing from this one, certainly the buyers wanted to be certain this was the right one for them, and like many today did not want to commit to any expense until they were sure in their words “they won the deal.”
The point here is that up against the others, a seller may not feel confident that these people are as serious as the other agreements he/she is looking at tonight.
No certainty
In other words up against other offers, the sellers signature on this agreement does not offer the certainty that, for example the next one does. His/her signature on the next one usually indicates its SOLD the moment its signed, tonight.
……..the third offer…..
Which one would you pick? (the above examples are obviously from different occasions ♣)
If you are being frank with yourself its quite obvious that with the clean one the property is SOLD on the spot tonight, whilst the other agreements have differing time-frames that would mean you, as the seller, will need to wait. Believe you me, if there is one time that waiting can seem like its in extra slow motion, then house sale negotiations will make it do that.
The situation is more compounded if the seller is in-experienced with the multi-offer situation, and went with the higher $447,750 offer with 5 days bank finance approval required while saying no to the $444,500 offer that was unconditional, only to find out 5 days later the finance was turned down and they have only been approved to $430,000. Then they discover the other party has since found another home they like just as much.
"Don't want to miss out on your Dream Home?"
Many have experienced the situation in a multi-offer where a buyer seriously over extends themselves to get into that perceived winning offer position, only to find out later that the finance can’t be approved at that “we really stretched ourselves this time” higher figure.
The sellers then fall back to the other offer, and ooophs, upon re-visiting the earlier unconditional offer, the sellers find that they are not in the powerful position they were previously.
Its about here that the previous unconditional buyer puts 2 + 2 together, has worked out for themselves that the other “original winning offer” party can’t complete the transaction, and realises now, that they as the buyers “hold the cards.”
In quite a few situations like this I have seen buyers revise their offer down to $440,000 unconditional. Its about now that the seller feels caught between a rock and a hard place.
Its also about now that some of the parties wished they went with a more experienced salesperson, one who knows how to ensure the situation didn’t happen in the first place, and for whom, if it did through no circumstances of his/her own…..can still work it through to a win/win for both concluding parties.
All of this will fall on deaf ears if you have already made a few offers in recent times, because any good knowledgeable agent would have already explained this too you already. That way you were already forewarned and fore-armed for when the next opportunity does present itself.
Must finish……. off to Open Homes now…….
♣ – and the reason you often never find out what competing offers from other agents were for is that they need to protect their buyers privacy too
August 22 2010 | Buyers and General and Sellers and The Market | No Comments »
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