Wellington median sale price up 8.7% – Market update, October 2017

Oct 14th, 2017 Market statistics, Tips for buyers, Tips for sellers Andrew Duncan

An extreme shortage of properties caused the Wellington median sale price to jump 8.7% in September. Read on to find out how this came about. But first… Uber sees 100% increase in new driver applications! An underwhelming 181 properties changed hands in Wellington City in September (based on REINZ stats). To put this in perspective, nearly twice as many properties (334) sold in September last…

How to sell a plaster home: The 7 step guide

Oct 14th, 2017 Tips for sellers Andrew Duncan

Are you contemplating selling your plaster home? In this article, I outline the seven key steps you need to take to maximise your chances of achieving a successful sale. Disclaimer: I am not a builder. Please, please, please speak to your solicitor, building inspector and other professional advisers as necessary before buying or selling a plaster home. This information is based on my experience working…

What is the best way to sell? Auction vs Tender. We ran the numbers…

Aug 16th, 2017 Tips for sellers Andrew Duncan

Wellington has always been the Tender capital of the world, and now Auctions have become popular as well. Right now you might just feel like every home you look at is up for Tender or Auction. Why so many Tenders/Auctions? Why won’t they just give us a damn asking price? Smart home owners will always look to employ a strategy that will allow them to…

13 Cheap and uncommon ways to add value to your home…

Aug 9th, 2017 Real Estate, Tips for sellers Andrew Duncan

Are you looking for cost-effective ways to add value to your home? Would you like to increase your potential selling price or valuation without spending the earth? When it comes to renovating, costs can spiral out of control if you are not careful. So this list has been prepared with frugal-ness top of mind! You might think some of these suggestions are obvious but you…

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…