Archive: 2013
"Price Fixes Everything"
Hi folks,
Having just had my best sales month pretty much ever I thought I would address the issues of overpricing property. Sometimes it could be a real estate agent not doing their homework properly but sometimes vendors go about putting a value on their homes result in unrealistic expectations of the ultimate selling price.
Renting Out Your Home To Raise Capital
Hi folks,
As I’m meeting more rental investors of late I thought I would look at the strategy of renting out your home to raise capital and thought I would ask the question “Can you turn your home into a rental?” There are many reasons why homeowners may choose to change their current home into an investment property. Working away seems to be a key component but sometimes people go overseas for an extended period and want their home to be waiting for them on their return, Or perhaps they simply see the financial advantages of holding onto a property when buying another. What are they?
Why You Should Inspect Those Other Properties
Hi folks,
In light of the shortage of listings in the Upper Hutt market compared with recent years I thought I would ask the question, “As a buyer, have you ever bothered to look at properties that don’t have the features you are after?” Most people would be surprised at the very thought, but in fact, there are times when it might be worth it.
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Best Real Estate Sales in Six Years!
Hi folks,
I haven’t addressed the Upper Hutt market for a while and having recently seen the sales stats I thought this would be a great opportunity to catch up. The first thing to note is that the March 2013 was the best sales month in the last 6 years with 95 sales! This coincides with the lowest levels of stock available for some considerable time showing that the supply demand imbalance may be turning to favour vendors.
Maximising Income From Rental Property
Hi folks,
Most experienced investors understand that $500 a week for fifty two weeks a year means more money in their pocket than $550 a week with several weeks vacancy during the year. So if maximising income from rental property investment comes from keeping their properties occupied, why do some landlords charge such high rents that their tenants move on whenever they get the chance and new tenants are slow to move in?
Changes in the Real Estate Market
Hi folks,
As you read this we will be approximately halfway through a glorious 10 day stint of what has been called perfect weather. Isn’t it brilliant? The unfortunate thing for me and most of us is that it comes when we are back at work, which brings me on nicely to the Upper Hutt property market.
Selling Tenanted Property
Hi folks,
Having had a number of properties for sale over the years that have been tenanted I thought I would discuss the choice vendors have to make when selling, do they sell with the tenants in or should they serve notice and sell without. Let me point out that retaining tenants during a sale certainly keeps the rental income coming in. Also, unless the property is dirty and untidy, it will usually present better with furniture and household items making it look lived in and camouflaging wear and tear.