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.