Leonie's blog

According to an article on the Landlord Website there was a 19% increase in listings in September 2009.  This could be attributed to the 'Spring Fling' however with prices increasing and vendor expectations of prices increasing we do see and increase in consumer confidence.

Of course there is talk of Capital Gains Tax - the government and their media team are 'chip... chip... chipping' away at that one with various media releases and statements, but that doesn't seem to have dampened the rise in prices or buyer activity going on.

Mortgagee sales continue to rise especially in Auckland and in the most part with investors.  If you are struggling with payments please call me first - we may be able to sort out a plan to svae your house from the bank...

Have a great weekend, Leonie Snook, Sales and Marketing Consultant, Harcourts, Wellington.

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.