A line I commonly hear from vendors when they place their property on the market is “we don’t need to sell”. More often than not, this is said in order to protect their position of power in the process. I can totally understand this comment as, as vendors they have entrusted the sale of their most expensive asset to someone they may have only known for an hour. Imagine meeting a stranger at a party and asking them to look after a suitcase containing $500,000!
One thing I always say to my clients is that at the end of the day, you decide if your house sells, not me or the buyer. If however, you do decide to list your home for sale, then it’s best to put the effort into preparing it properly so you can rest assured it was shown in the best possible light. People don’t just turn up to the start of marathon in the hope of finishing. You need to train, prepare and then have the mental strength and determination to get you through. Even the best preparation doesn’t guarantee that you will cross the finish line but it makes sense to give yourself a fighting chance. If you decide to sell, the same principles apply. Make sure to get informed, honest advice to help steer you in the right direction and give it all you have got. Homes that are presented well tend to attract more buyers which, when placed in competition, provides you with the best possible opportunity of achieving a great result.
Around The Corner
For those who keep a keen eye on the market, you will have noticed a large increase of listings over the month of March in some of the key turn over suburbs like Karori, Brooklyn and Khandallah. These suburbs have almost doubled the amount of stock available since February. It will be interesting to see the outcome of their marketing campaigns as I would imagine simple economics will be at play. If supply increases then of course there is less overall demand placed on each property which can affect sale success. When this happens, it’s important to adjust to the changing market circumstances to ensure your property stays relevant.
Wellington Region Property Statistics
Wellington Median Sale Price |
February 2012 |
February 2013 |
| Northern Wellington | $551,500 | $390,000 |
| Western Wellington | $538,000 | $510,000 |
| Southern Wellington | $585,000 | $572,000 |
| Eastern Wellington | $495,000 | $485,000 |
| Central Wellington | $667,500 | $560,000 |
