Proof of a long term economic slowdown

What else can you say - but I think Al Gore may well suggest this concludes that the illustrated trend proves global warming

Buyer Confidence in Residential Levin is increasing

Cashed up Buyers are entering the market - looking to use low rate mortages to buy Levin Residential properties from highly motivated vendors.

With Levin housing affordability rates being some of the best I can find through NZ - pre-approved borrowers are set to capitalise on a Levin housing market flush with well built but affordable homes.

Vendor motivation is noticeably high - with numerous price drops amongst other things...I have seen the signs.

READ MORE HERE

Make sure you are positioned to sell or poistioned to buy - Call Mason Parker Harcourts Levin Sales and Marketing Specialist on 06 368 9449 for a free housing strategy meeting

Harcourts Levin Auction Success

Hi everyone todays post is pretty simple - I'd like to congratulate the vendors and purchasers who particpated in the Harcourts Levin 18 February Auction programme.


Stu Pescini - Harcourts Levin Auctioneer called 5 auctions (including our charity auction) and had three out of five auctions go under the hammer - great job Stu and the agents whose vendors participated.

See the photos and more information here

Five auctions with a success on the day of 60% ...a much higher success rate than exclusive listings - food for thought?

If you'd like to understand what auctions can do for you as a buyer/seller call Mason Parker Harcourts Levin Sales and Marketing Specialist 06 368 9449

Pre Auction Purchases

I'm sure that if you have been following my posts you'll realise I am a fan of high profile marketing, deadlines and the benefits of Auctions.

If you're not sure why I am - contact me and I'm happy to work through why Auctions work in the current market.

I recently listed a property 110 Bartholomew Road in Levin as an auction listing.
My vendor committing to less than $1000.00 in advertsing - all good.

7 days later this property is SOLD - we had a buyer see the property and wanting to make an offer - arranged a pre-offer building inspection. And then made an offer that the vendor accepted - BRILLIANT!

I have a happy vendor, an excited purchaser and a result 20 times faster than the average time on the market in Levin right now!

The reason for telling this story is to impress upon you that under Auction conditions buyers can - and do - make pre-auction offers - under the terms of the auction:

1. Cash (which usually means 4 week settlement)
2. Unconditional - in the example above the buyer checked council information and did a builders report before submitting the offer.
3. 10% deposit attached (yes a 10% cheque on the written offer)
4. The offer must be written up on the auction agreement
5. The offer must be at a level the vendor is happy to accept (there are no negotiations it must be one clean offer that the vendor is happy to accept)

Would you be happy selling your next home under these conditions?

Congratulations to my vendor and purchaser at 110 Bartholomew Road -its been an absolute pleasure working with both of you

Time is money...sell fast and save thousands

Crikey we live in an interesting world ....we are faced with global warming, a global economic recession/correction and more locally we have the Australian fires killing hundreds of people and destroying thousands of hectares of land and destroying family homes.

I extend my sympathy to the Australians going through what can only be described as a catastrophe!

When reflecting on the traumatic things we are seeing I am even more committed to making sure my Real Estate contacts - both vendors and buyer do not consider their real estate lives in the same light.

A recent Sunday Star Times article has me fired up like you wouldn't believe - I'm not angry or annoyed I'm motivated to get people to consider the market rationally.

Read the Article "Your home's worth less than you think"

The figures quoted are 100% accurate but what do they tell us really ....they compare the properties that sold in December 2007 (from reliable REINZ Stats) against the properties sold this December 2008. And the figures are reliable and accurate.

The issue I have is the figures reflect different houses in entirely markets - they do not show a house that sold in December 2007 and compare it against the same property reselling in December 2008...and yet these figures are accepted by the country as a reflection of true market value.

As long as these sorts of figures are accepted blindly - vendors should consider that buyers are really reading these articles and looking for property at bargain prices.

The current market is a market for motivated vendors who want to get the best price the market will pay as quickly s possible.

How do vendors achieve that? - first consider PRICE, PRESENTATION AND PROFILE and then negotiate reasonabley to get a result.

Holding onto high prices and not negotiating reasonabley will - in my humble opinion- cost vendors thousands of dollars in lot value.