how to approach a multiple offer situation

How to approach a multiple offer situation

May 23rd, 2020 Tips For Buyers Andrew Duncan

UPDATED: May 2020 Everyone wants to avoid a multiple offer situation. We all want to negotiate directly with the owner, one on one. It’s programmed into our genes to want to start off low, see what the vendor comes back with and maybe meet in the middle if it works for us. To buy a home any other way feels…

Wellington houses

Should I buy a home in a seller’s market?

Sep 3rd, 2019 Market Statistics, Real Estate, Tips For Buyers Andrew Duncan

Please note: I am not a qualified financial adviser and the opinions offered here are purely my own. It is critical that you seek professional advice from a solicitor before embarking on any property purchase.┬áRead: Don’t buy a home without speaking to these 5 people first What a scary time it has become for first home buyers, especially if you…

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…

Delayed spring rush

Spring rush kicks in as Wellington owners start making moves.

Nov 13th, 2017 Market Statistics Andrew Duncan

The big talking point this month… There are now 671 properties for sale in Wellington City (as at 16/11/17). Up 46% from what we had only 6 weeks ago (there were 460 properties on the market at the start of October). The delayed Spring rush is in full effect now that the election is all wrapped up and we have…

Wellington median sale price

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…

Market update Wellington

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…

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┬ápermission to market…

dollar sign on page

How to cut through agent ‘quote prices’ and make better property decisions…

Mar 6th, 2017 Real Estate, Tips For Buyers, Tips for sellers Andrew Duncan

“It sold for $200k more than the agent told me it would!” Nothing frustrates a home buyer more than falling in love with a property, getting hooked in by the suggestion that it would sell in your price range, spending thousands on due diligence, only to get to the Auction and see it sell for hundreds of thousands of dollars…