SERIOUS MONEY TO BE MADE
Due to the renewed volatility (Real Estate speak for uncertainty) in our Apartment Market we have relaxed our Company rule of not dealing with the cowboy brigade i.e. speculators.
One of our greatest responsibilities is to sell at full "market price" but for a period ahead establishing "market price" is going to prove difficult - if not only for the brave or uninitiated.
Auctions (yes EVERYONE hates auctions including us - they are hard work) are already proving definitely the way to transact in this market and we have had up to 100 people attending our " Sydney-style street auctions" held outside our offices on K Rd.
With apartments being pretty simple to view and understand we find we only need to market the units for two weeks prior to sale and this means very economical advertising costs - mostly $2,000 including Auctioneer.
On the day, some Vendors are effectively "dumping out."
Last month a good but untidy Seaview recently resold at $360,000 from $320,000.
We've had a Highgate resell at $455,000 from $415,000 and the "shoeboxes" have gone the other way, $195,000 to $127,000!
As the Council will no longer allow these very small units to be built are they worth buying??? We say hell yes - at these prices snap them up, get us to rent them and let's relook at things in two year's time.
And the rental market is fast and furious. We need immediately a third Rental Agent (you need your Salespersons Certificate) and this is a great way to learn about Agency.
If you've missed out on the Auckland housing market (it now starts at $250,000) don't miss the chance to own a CBD apartment. It won't last long and we sell currently from UNDER $100,000!!!
Call us.
And don't blow all those investment funds on the kids this Christmas.
MARTIN
