Real estate tips, advice and market commentary brought to you by Andrew Duncan, with some off-topic ranting occasionally thrown in for good measure. I love working with nice people, enjoying plant-based food, CrossFit, NFL and living in Wellington, where I help run Relatable, an independent real estate agency where we help buyers and sellers make smart property decisions.
property@andrewduncan.co.nz
+64 27 428 6686
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…
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…
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…
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?…
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…
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….
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…
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…
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…
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…
