Further ideas on being a smarter buyer

by Alistair Helm in


In addition to the articles I write analysing and observing the property market and the real estate industry on this site I also provide observations and opinions working with John Bolton at Squirrel, the property and mortgage experts.

Here a a couple of recent articles I have written on the subject of advice in choosing the right type of house to buy and also what not to say to a real estate agent - enjoy and share!

The buying choice - Buy new or a refurb?

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The allure of a new home or a recent renovation has significant appeal, however as the saying goes "all that glitters is not gold" and a wise cautionary approach might be recommended when assessing these buying options. Here's some advice tracing the pros and cons of these purchase options

The buying choice - A do-up or an existing family home

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Whilst never the "shiny new thing" a good traditional family home or a property in dire need of serious work are good buying options as long as you have your eyes open and appreciate what you are getting and what you (or someone working for you) is going to have to do. Here's some advice tracing the pros and cons of these purchase options

Things you should never say to a real estate agent!

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As a buyer you need to have your wits about you - you need to remember that the smiling-faced agent showing round your desired home is a wolf in sheep's clothing ready to pounce on any morsel of insight they can use for their clients advantage - here are some cautionary advice of what not to say!


Some ideas on being a smarter buyer or seller

by Alistair Helm in


In addition to my articles here on Properazzi I also working with John Bolton at Squirrel, the property and mortgage experts. I am contributing some regular articles on subjects of interest to property buyers and sellers.

Here are a few more of theses articles which I think are of value especially to buyers and sellers : 

 

Access to finance to buy a house is not a right, shame though that is! 

Regardless of whether you find yourself in a position of having the now more appropriate 20% deposit to qualify for a mortgage or not, the fact is; access to mortgage finance is not a right. You need to treat it as with anything you want in life - as a challenge, which if you prepare appropriately for you will be more likely to succeed at. 

Also the new Reserve Bank LVR changes do not mean you cannot get a low deposit mortgage, they are available to the right borrower, so be the right borrower

Read more.... 

 

Buy First, or Sell First? 

It will be a situation you have been in potentially, finding the home of your dreams and you have not even got your property on the market or even in a suitable condition to sell!  

So the question is, is it better to be on the market with your own home and then start looking to buy or vis versa? Naturally there are pros and cons. Here are a few

Read more... 

 

The value in a property file

The standard documents that are considered critical in the property purchasing process are the legal title and the LIM, however I would add to this list the property file. This collection of documents held by the local council is a virtual treasure trove of valuable information, records and documents that amount to the potted history of the property. Well worth the time and minimal cost in examining and reviewing

Read more.... 


More insights on the property market and property buying

by Alistair Helm in , ,


In addition to my articles here on Properazzi I am also working with John Bolton at Squirrel, the property and mortgage experts. I am contributing some regular articles on subjects of interest to property buyers and sellers.

I thought I would highlight my most recent articles which I think are of value especially to buyers at this time and state of the property market: 

 

What does a Real Estate Agent actually do?

Love them or hate them real estate agents are as much a part of the real estate market as lawyers, mortgage brokers and open homes!

Each year around 80,000 properties are transacted in this country by licensed real estate agents as compared to around 9,000 properties being sold by their owner without the assistance of an agent.

The word agent is the colloquial term used to describe a group of professionals, legally known as licensed salespeople (as defined under the 2008 Real Estate Agents Act that governs and regulates the industry). What you and I call an agent, are salespeople who are required to work under the control and administration of a qualified licensee.

Read more.... 

 

Accepting the need to compromise is one of the lessons of property buying

As a prospective home buyer you are probably aware that there are three basic criteria that govern your choice of a house. No it is not the time-honoured and often quoted, Location, Location, Location. It is Price, Location and Size. These three criteria are equally as important in driving your buying decision; yet sadly it is often not possible to optimize for all three at the same time. So dealing with this dilemma is one of the keys to smart property buying.

The driver of location; where to live is often the most important decision for buying a property. This often results from the need to live close to work, or more commonly these days as a function of school zoning. We all naturally want to live in a great suburb or town; a safe environment with great amenities and friendly neighbours. Going on at this rate will make you believe that Wisteria Lane might actually exist and those Desperate Housewives may turn out to be your neighbour!

Read more.... 

 

Making sense of property data to help you know when to buy or sell

Lies, damned lies, and statistics" is a phrase describing the persuasive power of numbers, particularly the use of statistics to bolster weak arguments. That is how Wikipedia speaks to statistics and I sense that it is also a perspective that many people take when it comes to property data.

We seem to be constantly being bombarded with the latest set of data for what we are told is the true picture of the property market in New Zealand, however given the multitude of sources and names attributed to these statistics it is often difficult to know what statistics matter and what measures you should use to tell you when it is a good time to buy or sell.

Read more.... 

 


Advice for property buyers

by Alistair Helm in


In addition to my articles here on Properazzi I am also working with John Bolton at Squirrel, the property and mortgage experts. I am contributing some regular articles on subjects of interest to property buyers and sellers.

I thought I would highlight my most recent articles which I think are of value especially to buyers at this time and state of the property market: 

 

Auctions - some thoughts on psychology

If you have ever attended a property auction you are sur to have though about the best way to approach bidding and the right tactics to use to win on the day. I was watching an intro video to an auction recently and it finished by saying "good luck" in today's auction - I thought you should never rely on good luck. So here is an article about what I see as the psychology of bidding at auctions and some tactics to try - not full-proof or guaranteed for success but worth going for!

 

As a buyer what should you expect from your agent?

I think we all know (or we should know) that agents work for vendors because they are retained and paid by the agent a commission on the successful unconditional sale of their property and therefore always have the vendors best interests uppermost. For the buyer it is very important to know what to expect from an agent in the NZ property market, so here are some tips and advice in this article now published on the Squirrel website

 

 

Don't hibernate as winter weather approaches - be a smart buyer

We are a nation of propert hunters who love to flock round open-homes on sunny afternoons, as a serious buyer don't get drawn into this behaviour, be a contrarian, pound the streets on cold rainy wet winter days as this could be the best time to search for property and is a smart time to buy. Property sales don't fluctuate much over the winter months despite what you may think and whilst many sellers wait until the spring weather arrives before listing their house, there are many houses to choose from that get listed during the winter months, many by people who are to use the phrase "seriously motivated" to sell - have a read of the full article