An introduction to PropTech

PropTech – What Is It and What Can It Do?

Aug 17th, 2018 Tips For Buyers Andrew Duncan

The following is a guest post written by Eugene Yang, Co-founder at Kitt, a Kiwi startup providing a cloud-based-platform for real estate asset management. Proptech. It’s currently the latest buzzword in real estate, but you may or may not have taken into account the seriousness behind its meaning. “PropTech” means property technology, and you’ve probably already been using it. PropTech will disrupt the property industry…

Ask more questions

Q&A: “Am I better off dealing with the listing agent?”

Jul 31st, 2018 Tips For Buyers Andrew Duncan

A quick introduction… In real estate sales, the listing agent is the person who has been hired by the homeowner to sell their property. The listing agent is the one with their face on the signboard outside. In most situations in NZ, if you want to buy that home, you can either deal with the listing agent directly or another agent from the same company. Note:…

Propertyfiles is a game-changer for buyers and real estate agents

Jun 18th, 2018 Market commentary, Real Estate, Tips For Buyers Andrew Duncan

There is now a real estate file delivery system available that every single real estate salesperson should be using to allow prospective buyers access to reports and other related info. This system is called propertyfiles and from our experience, it’s a game-changer. I’ve worked in real estate sales since 2007. Since the day I started, one of the most time-consuming tasks has been getting property info…

Everything you need to know about Meth contamination in residential property

Jun 4th, 2018 Market commentary, Tips For Buyers, Tips for sellers Andrew Duncan

A new report has been released by the Prime Minister’s Chief Science Advisor which questions all our assumptions around ‘safe’ meth contamination levels in residential houses. The report essentially says the old trigger level of 1.5 mcg per 100 sq cm was way too over-zealous and contamination levels would have to be many, many times higher to even have the possibility of causing negative effects….

11 Smartest things I’ve learned about money (advice to my 18 year-old self).

Apr 8th, 2018 Personal finance, Tips For Buyers Andrew Duncan

I’m no Warren Buffet, so you don’t need to 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 my experiences and…

Wellington market update

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,…

Ask more questions

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… A few thoughts on the sale-price accuracy question: The “asking price to selling price” comparison…

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

Mar 7th, 2018 Market commentary, Real Estate, Tips For Buyers 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…

5 Questions to ask yourself before buying your first home

Jan 26th, 2018 Real Estate, Tips For Buyers Andrew Duncan

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…