keys on table

Is it a good idea to ban letting fees?

Dec 6th, 2018 Market commentary, Property investment Andrew Duncan

Letting fees are a cost which have historically been charged to tenants by property managers when they move into a property. It is usually equivalent to one week’s rent. It is a large cost for a tenant to bear, especially if they are only going to live in the property for 3 – 12months. While taking a sabbatical in Auckland in 2017, we rented a…

Unconditional offers – Are they worth the effort?

Dec 5th, 2018 Tips for buyers Andrew Duncan

First up, if you are unsure what we mean by the words conditional vs unconditional, check out this article for a bit of background. Needless to say, making an unconditional offer on a property takes serious effort and investment. The process could (and should) involve: Speaking with your lawyer (asking them to review the title, LIM and offer document). Arranging unconditional pre-approval with your lender…

Wellington market update

Wellington real estate update – November 2018

Dec 5th, 2018 Tips for buyers Andrew Duncan

Every month at relatable, we analyse the stats and take a deep-dive look at the Wellington real estate market. Note: Figures below are generated from REINZ sales up to October 31st, 2018 and ‘Wellington City’ covers Tawa to Seatoun and everything in between… The late spring rush is in full effect… We saw a splurge of properties hit the market in October / November. Providing…

cross-lease

Should you buy a cross-lease property?

Oct 20th, 2018 Tips for buyers Andrew Duncan

I often get asked about cross-lease properties. It can be a confusing form of ownership, especially if you are new to the process of buying a home. The purpose of this article is to provide you with an understanding of whether cross-lease properties will provide a good real estate investment and/or whether you should avoid them at all costs. Thinking of selling a cross-lease property?…

wellington market update

Wellington real estate update – October 2018

Oct 20th, 2018 Tips for buyers Andrew Duncan

Every month at our Wellington real estate agency relatable, we analyse the stats and take a deep-dive look at the market. Note: Figures below are generated from REINZ sales up to September 30th, 2018 and ‘Wellington City’ covers Tawa to Seatoun and everything in between… The spring market is in full effect and there are only 10 weeks till Christmas… If I was a buyer, what…

What you need to know about Conditional vs Unconditional offers.

Sep 26th, 2018 Tips for buyers Andrew Duncan

If you are buying a home for the first time, or if you haven’t made an offer in a while, the whole question of conditional vs unconditional offers can get confusing. This article explains how each type of offer works. When you make an offer on a property it will either be: UNCONDITIONAL Meaning the offer is not subject to any checks or due diligence….

Wellington real estate update – September 2018

Sep 26th, 2018 Market commentary Andrew Duncan

Every month at relatable, we analyse the stats and take a deep-dive look at the Wellington real estate market. Please note: Figures below are generated from REINZ sales up to August 31st, 2018 and ‘Wellington City’ covers Tawa to Seatoun and everything in between… Holy smokes, it’s still going up! The median ‘% over RV’ for non-apartment properties in Wellington City hit +55% for the…

dollar sign on page

How to avoid paying too much for a property

Aug 30th, 2018 Tips for buyers Andrew Duncan

This article will give you tips on how to avoid paying too much when buying a home. It focusses on the emotional side of the decision-making process. Why do some people end up paying too much? FOMO (Fear of Missing Out) is an immensely powerful emotion and it can drive us to do crazy things in the heat of the moment. It is so easy…

An introduction to PropTech

PropTech – What Is It and What Can It Do?

Aug 17th, 2018 Tips for buyers Andrew Duncan

The following is a guest post written by Eugene Yang, Co-founder at Kitt, a Kiwi startup providing a cloud-based-platform for real estate asset management. Proptech. It’s currently the latest buzzword in real estate, but you may or may not have taken into account the seriousness behind its meaning. “PropTech” means property technology, and you’ve probably already been using it. PropTech will disrupt the property industry…

How to sell real estate to millennials

Jul 31st, 2018 Market commentary, Tips for sellers Andrew Duncan

Every millennial real estate buyer wants to be in charge of their transaction from start to finish. We want to do as much research as possible before speaking to a real estate salesperson. 5 dos and 5 don’ts for marketing properties to first home buyers. Please don’t! 1. Don’t limit the number of photos on trademe to ‘make the phone ring’. If we can’t see a photo…