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Leonie's blog
Confidence in Private Sales Plummets
According to the latest Nielsen Online Poll, sellers are turning to Real Estate agents again as buyers flood the market. Private selling is seductive. Much like doing up your house yourself. You know where to buy paint and a paint brush... can't be that hard. You buy a book on painting or search online... not that hard... oh hang on - do I need to wash the walls first... sugar soap... what's that... gloss... semi gloss... plastering... cutting in... green tape or blue tape or purple tape....
A Real Estate Marketing Consultant is a trained professional. They are in the industry as they can communicate with people, they enjoy talking to people, they know how to project manage, market, manage legal contracts and negotiate. This is how they feed their families. They live and breathe it everyday.... The Sale and Purchase Agreement is a confusing document at the best of times, let alone juggling builders reports, valuations, warranties, contractual obigations, open homes, advertising, lawyers and mortgage brokers...
Don't DIY one of the most important decisions you have to make. The professionals will get a much better outcome for you - less stress and more money... as long as you choose the right one :-)
Real Estate Professor says List Now
You may have heard on the radio this morning that now is the best time to list. At the coal face we are seeing exactly that. One property on the market for a week - ten offers and a price well in excess of the RV. Look at the REINZ stats for July for Northern Suburbs - for the first time in months the Sale Price has surpassed RV - Median Sale Price is $522,500 and Median RV is $445,000. Interest rates may be go up over the next 6 months - however now - buyers are happy and are out in force. Call me now for a no obligation market report - 0276646063 or 04 477 4444 or email leonie@leoniesnook.com. Leonie Snook, Marketing and Sales Consultant, Harcourts JohnsonvilleRecord Mortgagee Sales - 81% to those with more than one property
Well, the latest media release is saying ‘watch out’ multiple property owners who are too highly geared… mortgagee sales are up. Check out the NZ Herald article. 81% of the mortgagee sales were people who own more than one property. Many people were caught up in the buying frenzy in 2007. With job losses looming and bosses cutting back on wage increases… we will see more and more of these. My advice would be to talk to someone before it is too late. Do not let pride get in the way. There are business out there that can help you out including www.avenuehomesnz.com. If all else fails I urge you to not try and sell your property yourself… the percentage of homes that sell privately for an above average price is tiny. I am an avid property investor and would not do this. You (the seller) gets overly involved and buyers do not react well to dealing directly with sellers. Good agents (and I mean good) are worth their weight in gold in their marketing, product and negotiation skills. I want the best price for my properties so I employ the best.
