Wellington real estate market update, September 2017

Sep 15th, 2017 Market statistics Andrew Duncan

What effect does the election have on the Wellington real estate market? REINZ figures show 210 sales for Wellington City in August. This was up 5% from the month before (199 sales in July) but down a whopping 27% from August 2016 (290 sales recorded). So volume is down… Quite a bit! To be fair, this is pretty typical, especially in Wellington where most potential…

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…

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…

“On Work” by Kahil Gibran

Aug 9th, 2017 Tips for buyers Andrew Duncan

Some Wednesday motivation for all your hard working people out there. And a little bit of encouragement for those of us who fall off the wagon now and again.  I was recently introduced to this poem by Kahil Gibran (Author of ‘The Prophet‘) while reading the Hohepa ‘Wednesday Flier’ newsletter. It was reproduced paying tribute to their long time volunteer of 33 years, Robert Simpson….

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…

Is now a good time to buy real estate?

Jun 6th, 2017 Market statistics, Tips for buyers Andrew Duncan

I see changing market’s everywhere I look. Reports from Wellington describe buyers being more judicious and increasingly tentative. Priced properties are attracting lots of interest but some Tender dates are coming and going with no offers being received. Meanwhile there are 51% more houses on the market in Auckland than there were this time last year, and buyers are harder to come by. Suddenly agents are chasing…

Sick of waiting for the right home to come on the market? Here are 6 tips that might help…

Jun 6th, 2017 Tips for buyers Andrew Duncan

READER: I have a question, brought on by Wellington’s crazy house market. I sold my house last year and have been living with family since then, looking for a smaller place to buy. I haven’t yet found anything that ticks the majority of my boxes. I’ve developed relationships with three agents from different firms and do all the standard Trade Me / Realestate.co.nz checks every day….