Will the owner get offended if I make an offer below asking price?

Mar 7th, 2018 Tips for buyers Andrew Duncan

I was recently quoted in an article on stuff by Susan Edmunds, titled: Properties typically sell between 2% – 5% of asking price.  One of the questions asked was, “Do you risk offending an owner if you make an offer below asking price?”  I’ll share my answer further down, but first, here are a few thoughts on the sale-price accuracy question: The “asking price to…

Mailbag: How do you feel the real estate industry needs to change?

Mar 7th, 2018 Market commentary, Real Estate Andrew Duncan

I recently asked my newsletter recipients the following 3 questions: How do you feel the real estate industry needs to change? What would give you more confidence when dealing with real estate salespeople? What part of the real estate process do you find the most confusing? The feedback blew me away. I am touched by the amount of time many of you took to write…

Mailbag: When is it a good idea to make a pre-auction offer?

Nov 15th, 2017 Tips for buyers Andrew Duncan

In this weeks mailbag, we discuss pre-auction offers! Read on for tips, advice and a little-known clause that could give you a massive advantage when making an offer pre-auction. Question: When (is it a good idea) to do a pre-auction offer? This property is priced within its evaluation range 650-680 price indication. I’d really like the property, but the agent says (any) preauction offer would…

Q&A Mailbag: Should you buy an apartment as your first home?

Sep 6th, 2017 Tips for buyers Andrew Duncan

In this weeks mailbag, we answer a common question about whether you should consider buying an apartment as your first home. Email your question to property@andrewduncan.co.nz Question: “I found your blog whilst doing some research re. potentially buying our first home. I’m a firm believer in doing my homework, and in particular, getting an unbiased opinion… Hence, I was wondering about your thoughts re. our…

Q&A Mailbag: Your property questions answered…

Apr 20th, 2017 Tips for buyers Andrew Duncan

In this weeks mailbag we provide a market prediction (living on the edge!), and answer a question around a potential bathroom renovation. Email your question to: property@andrewduncan.co.nz Question 1: “I’m a new migrant. I’ve arrived in NZ last October and have been living in Half Moon Bay, Auckland. We are living in a rental, and are now trying to buy our first house. One basic question….