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…

When is the right time to buy? Should you try to ‘time the market’?

Nov 13th, 2017 Real Estate, Tips for buyers Andrew Duncan

One thing stronger than our fear of missing out is our fear of making a bad decision. we become paralysed with indecision and anxiety when presented with too many choices. Isn’t it interesting how we get paralysis by analysis over something as simple as buying a vacuum cleaner, or deciding which hotel to book? You experience it on an even more intense level when you go…

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…

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…

“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….

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….

9 things to know about buying ‘off the plans’

Jun 6th, 2017 Real Estate, Tips for buyers Andrew Duncan

One of my readers recently asked me about buying an investment property off the plans (a property that has not yet been built). If you are considering this option, the advice I always give friends of mine is as follows: 9 things to know about buying off the plans… 1. Lock in equity from Day 1? There can be serious advantages to buying off the…

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….