A tale of two Cities (Auckland vs Wellington)

May 15th, 2018 Market Statistics Andrew Duncan

We have a somewhat interesting situation going on right now, where Auckland has well and truly become a buyers market, while Wellington remains the total opposite. One of the clearest ways to see this play out is by looking at inventory levels… Imagine if, as of today, no more houses came on the market in Auckland. Not a single one. Based on the current rate…

Property investors

Are property investors making the housing situation better? Or worse?

Apr 27th, 2018 Market commentary, Real Estate Andrew Duncan

Lately, the ‘stop being so tough on property investors‘ rhetoric has gotten a little bit much for me to bear. Fellow property investors – it’s time we started being honest with ourselves. Taking care of your financial future is a good thing and you should be commended for it. You won’t be a burden to the state if you take care of your own finances. At…

Why a fast, quiet sale probably won’t be a good sale

Apr 11th, 2018 Tips for sellers Andrew Duncan

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…

The 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 (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…

Homeowners: Don’t sign until you’ve read the fine print.

Mar 21st, 2018 Real Estate, Tips for sellers Andrew Duncan

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….

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 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…

11 Questions to ask before you hire a real estate agent

Feb 5th, 2018 Real Estate, Tips for sellers Andrew Duncan

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…

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…

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