Sell First or Buy first?
Sell First or Buy First? Q: Now that our children have all grown up and left home we want to downsize from our current property in Parnell to a smaller property. We are worried though that if we sell we won’t be able to find anything we like. What options do we have? Margaret B. A: This is a very common question these days Margaret, especially with the shortage of houses on the market in Auckland right now. Obviously, you have two choices:…
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Are auctions still working?
Q: Are auctions still working? A: With the ‘softening’ of the market we are often asked if auctions are still working. Or actually, people are often saying to us “auctions aren’t working now so we want to sell by negotiation, or with a price.” This is absolutely not true. In our current market, an auction is still THE BEST WAY to sell your property. There are several reasons for this, but let’s start with the facts: In Ray White NZ 82% of …
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Can you trust online valuations?
Q: We are looking at buying, but find it really hard to get a price indication on auction or ‘by neg’ properties. How accurate is it to use the CV of an online estimate of the sale price? Julie and Bruce A: Didn’t your mother ever tell you “Don’t believe everything you read online”! There are some real problems with online valuations. No-one has actually looked at the property. Basically, the estimate is the result of a computer algorithm …
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Are you worried About your Auction?
Q: I’m thinking of selling my property and have been told to take it to auction. What worries me is that I’ve been to some auctions where hardly anyone turns up. How do I know I’m going to get a result? Jerry B. A: Property is an incredibly dynamic market. At any point in time there are a finite amount of properties and buyers in a market, but an infinite number of outcomes. Each property and auction campaign is unique, as is each property…
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