7 Signs you need to fire your real estate agent

Jun 20th, 2017 Real Estate, Tips for sellers Andrew Duncan

Let me guess – your salesperson promised you the world and bought you an atlas? What constitutes enough of a reason to fire them and start over? Let’s discuss the 7 signs you need to fire your real estate agent, and how to do it. Did you know… When you sign a listing authority, giving salesperson Sally Lotaleads permission to market your home (usually for 90…

9 Critical mistakes to avoid when selling your home…

Apr 20th, 2017 Real Estate, Tips for sellers Andrew Duncan

You get one chance at selling your biggest asset. Isn’t it important that you get it right? When it comes to selling your home, it’s easy to make mistakes. Problem is, those mistakes can be extremely costly, and hard to recover from. These are the most common traps I see owners falling into. Avoid them at all costs! Mistake 1. Over capitalising on renovations. When preparing…

Who needs a ‘free appraisal’ anyway?

Apr 5th, 2017 Tips for buyers, Tips for sellers Andrew Duncan

Up until recently, there were 2 common ways you could figure out the value of your property: 1. Contact a real estate agent and invite them round to your home to give you a ‘free market appraisal’ and have this awkward situation where you want to know the answer but you don’t want them to hound you every 2 days with a phone call until…

How to cut through agent ‘quote prices’ and make better property decisions…

Mar 6th, 2017 Real Estate, Tips for buyers, Tips for sellers Andrew Duncan

“It sold for $200k more than the agent told me it would!” Nothing frustrates a home buyer more than falling in love with a property, getting hooked in by the suggestion that it would sell in your price range, spending thousands on due diligence, only to get to the Auction and see it sell for hundreds of thousands of dollars over your budget. The truth…

Q&A: Should I sell my Wellington home now? Or wait till next Summer?

Mar 4th, 2017 Real Estate, Tips for sellers Andrew Duncan

QUESTION: Hello Andrew, I was wondering if i could trouble you for an opinion on whether you believe there will be a significant change in Wellington housing market in the next 8 months? I was planning on selling next spring / summer (end of 2017, early 2018).  Selling right now would be possible (March 2017), but not be very convenient. However I’ve had another agent advise me about interest rates rises maybe affecting the…

A tale of two open homes… And an open letter to lazy real estate agents

Feb 7th, 2017 Real Estate, Tips for buyers, Tips for sellers Andrew Duncan

A few weeks ago my Wife, Annah and I visited two open homes in an area we are considering moving to. Open Home 1 The first house, a character ‘do up’ on a big flat section was well sign posted and we proceeded to stroll inside. We were able to walk through most of the house without meeting the agent which was slightly concerning but…

Real Estate: The next industry to be disrupted?

Feb 2nd, 2017 Real Estate, Tips for sellers Andrew Duncan

Airbnb is making Motel owners broke all over the world. Uber is driving taxi drivers crazy (excuse the pun). Trademe made the ‘trade and exchange’ magazine obsolete almost over night. Will something similar happen in the real estate industry? Is it due for a shakeup? Firstly, it’s a question of trust. One of the main functions of any company is to provide a level or trust…

Why are there so few houses for sale right now?

Jul 28th, 2016 Tips for buyers, Tips for sellers Andrew Duncan

There is an extreme shortage of real estate for sale in the Wellington area, and understandably, buyers are frequently frustrated by the severe lack of choice. Current listing inventory is approximately 40-50% of what it was in February / March. One of the consequences of this is increased competition for the few homes that do come on the market. A few weeks ago we had…

How to bid at an Auction: 5 steps to help you prepare + 5 tips for first-timers…

Jun 10th, 2016 Real Estate, Tips for buyers, Tips for sellers Andrew Duncan

Thinking of bidding at an Auction? Here you will find the answers to frequently asked questions, tips on how to bid and traps to avoid at all costs… Auctions can be daunting but they can also be a breath of fresh air in a market (like Wellington) that has been dominated by Tenders for as long as I can remember. Going through a Tender, or…

The Secret to Making Money in Real Estate…

May 11th, 2016 Real Estate, Tips for buyers, Tips for sellers Andrew Duncan

I’m going to drop a bomb here that might just surprise you. After 14 years in the real estate industry (5 years in software, 9 years in sales) I have learned that the secret to making money in real estate is….. to never sell. That’s it. Never sell. That might sound crazy coming from a guy who makes his income selling property but I have…