Andrew Duncan - Real Estate Blogger. Founder at relatable.co.nz. Tips, advice and market commentary with a bit of off topic ranting thrown in for good measure. I love working with nice people, enjoying plant-based food, CrossFit, NFL and living in Wellington, New Zealand.
property@andrewduncan.co.nz
+64 27 428 6686
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…
I’m no Warren Buffet, so you don’t need to (and probably shouldn’t) take financial advice from me. But I wrote this article because, as Kiwis, we are reluctant to have conversations about money. It’s a taboo subject. There is so much we can learn from each other’s discoveries and mistakes. I’ve sure made some hash-ups along the way. I’ve written this post so you can learn from…
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….
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,…
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…
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…
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…
Buying your first home is a damn big deal. Not only from a financial perspective but from an emotional point of view as well. Kudos to you for embarking on this journey! When buying with a partner, spouse or friend, the purchase of a first home represents a huge leap of faith in your relationship. On the other hand, if you are achieving the incredibly admirable feat…
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…
Would you like to have a mortgage broker on your team who: Works weekends and answers the phone late at night? Refuses to take ‘no’ for an answer when dealing with banks? Will stick by you for 5 years if that’s what it takes to help you find the right home? Click play (6min audio) to hear stories from the coal face from one of…