Wellington market report: Know the facts before you take the plunge.

Apr 23rd, 2018 Tips for buyers, Tips for sellers Andrew Duncan

Every month we analyse the stats and take a deep-dive look at the Wellington real estate market. Be sure to like our page on facebook to get tips, advice and updates as soon as they are released. Please note: Figures below are generated from REINZ stats and ‘Wellington City’ covers Tawa to Seatoun and everything in between… No need to overblow this small reduction… The…

Why a fast, quiet sale probably won’t be a good sale

Apr 11th, 2018 Tips for sellers Andrew Duncan

In this article, I’m tackling an age-old real estate belief that a fast sale = a good sale. To work out whether that’s true, I’ve analysed the most impressive sales in Wellington City over the past 12 months, to see if I could answer the following questions… What goes into a great result? Are there similarities among the best property sales that we can learn…

Homeowners: Don’t sign until you’ve read the fine print.

Mar 21st, 2018 Real Estate, Tips for sellers Andrew Duncan

This article explains why you need to think long and hard before you choose an agent and before you sign their listing agreement. What is a listing agreement or ‘agency agreement’? It is the contract you sign when you hire a real estate salesperson to market your home.¬†Find out more on the REA website. The standard duration is 90 days and therein lies the problem….

Wellington Market Update: Median sale price reaches record high…

Please note: Figures below are generated from REINZ stats and ‘Wellington City’ covers Tawa to Seatoun and everything in between… The big talking point this month… The median sale price for non-apartment properties (houses, townhouses and units) in Wellington increased to $744,373 in February 2018. That’s the highest median every recorded for that segment of the market. Just beating out November 2017’s high of $744k,…

11 Questions to ask before you hire a real estate agent

Feb 5th, 2018 Real Estate, Tips for sellers Andrew Duncan

When it’s time to sell your home, you will find there are basically two types of real estate salespeople out there. The first type will chuck a sign outside, take a few photos, put it up on trademe with a few bullet points in the advert and wait for the phone to ring. The second type will pro-actively go out in search of the perfect…

Who should pay for advertising? Agent or Owner?

Jan 14th, 2018 Real Estate, Tips for sellers Andrew Duncan

It often comes as a complete surprise to owners, that a real estate salesperson will ask them to pay not only their commission but a separate advertising bill on top (and up front). This advertising program usually comes to thousands of dollars. Which begs the one question that nearly every owner ponders at some point in the home selling process: “If I am paying my…

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…