Top Eight Tips For Selling in the New Zealand Property Market

December 14, 2012

Tips & Ideas

selling housesBuying and selling in the New Zealand Property Market cannot be a spontaneous decision made on the spur of the moment. Both require careful thought and planning to balance requirements and expectations with availability and affordability. Again, purchase and sale of New Zealand property must be carefully carried out and informed decisions made – whether you are selling for the first time or you are a Property Investor in New Zealand – to ensure that there are no regrets later.

Eight Tips for Sellers

  1. Get the timing right- Sellers must try to put up the property for sale when the market is robust and on an upswing. Selling during a recession will never yield profits, and often, even costs may not be recovered. It always pays to wait for the market to pick up before putting the property on the sale counter.
  2. Advertise on websites and in newspapers- A good deal can come about only if more people know about it. Newspapers are the traditional medium to spread word, though increasingly people browse through listings on property websites. Putting an advertisement in the weekend editions of newspapers and even on websites increase their chances of being noticed immediately by genuine buyers.
  3. Pricing it right- In an attempt to maximize profits, sellers tend to over-price their properties, and end up being ignored by serious buyers. PropertyTutors reccommend that you be realistic in quoting a price without even making it lower than the market price.
  4. No rushed sale- Selling must never be done in a hurry. Quickly moving out of the house, showing a rush to sell, expressing a desire to close the deal fast, can all indicate a distress sale and bring down prices being offered.
  5. Check the current supply of houses on sale- It is ideal to sell at times when demand for property is high, in order to get a good price. Selling when numerous houses are already in the market will bring down prices and hence profits.
  6. Display a clean, spruced up house- Prospective buyers tend to make up 50 % of their decision about buying a house after the first look, as they drive in through the gate, see the façade, garden and surroundings. So special attention needs to be paid to the outdoors.
  7. Kitchens and bathrooms score high- Besides the façade and location, 70% of the customers base their buying decision on the kitchen and bathrooms in the house.
  8. Honesty pays- Genuine customers look for a clean deal with sincere sellers, and it s here that honesty about the place, even sharing of problems, might pay eventually.

Selling is an art that can be difficult to master, but is important, especially if your business is property investment in New Zealand.


For further reading from PropertyTutors.com, click on the articles below:

Setting Goals for Financial Independence – click here

Tips for Becoming a Property Expert – click here

Buying Rules for Property Investment – click here

5 Tips to Add Value through Renovation – click here

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