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One Year Warranty

One Year Warranty

My father-in-law owns a restaurant and he was telling me that the chest freezer he purchased just over a year ago stopped working. As it was just outside the warranty period he called in an appliance tradesman who explained that it would be more expensive to repair than it would be to replace it. He went on to say that although they look good from the outside, the parts are very cheap and contain low-quality metals so were never built to last.

This story got me thinking about a listing we recently secured and why it was that the owners decided to list with us vs. the two agents we were in competition with. Both other agents came bearing gifts. Slick looking boxes full of branded pens, fridge magnets, pads and chocolate. The problem was, the specific property content in the appraisals was light on detail and, by the vendors own observation, the other agents appeared to adopt a ‘cut and paste’ method to the appraisal of their home.  They also mentioned in their feedback that our report and presentation was all about their property, the target market for their style of home and the best approach by which to market and advertise it to attract the right buyers through the door. So, while our new vendors happily ate the chocolates and wrote details on our presentation with their new pens, it was the property information that they craved and good advice that they valued.

The moral of the story is, if you are looking to get an appraisal on your home this spring, make sure your chosen agent provides you information specific to your property. Also make sure they understand your target market and develop marketing campaigns and advertising to suit. It is not good enough to adopt a one size fits all approach to every property because every property is different and, as such, requires a considered approach.  It would be very easy to window dress our offering, but just like the shiny chest freezer, a few chocolate’s up front shouldn’t cloud your decision on what you are trying to achieve. That is, after all, the best possible price for your home.

The Wellington property market

It has been a slow start to the spring selling season with listings remaining at lower levels than normal.  We are noticing high demand for entry level properties with record numbers turning out to open homes and multiple offers on well-located and well-presented properties.  The mid-range properties are still balanced but the top range is also experiencing increase growth which is all around positive signs for the Wellington market.

Wellington Property Stats

The average sale price by area for August 2014 and 2015.

August 2014August 2015
Central$469,250$4481,500
Southern$539,500$530,500
Eastern$631,500$510,600
Northern$460,000$550,000
Western$630,000$589,500

Average number of days on the market: 28.6

Rugby World Cup fun facts 

  • The most points scored in a single game was NZ V Japan in 1995 -145 points.
  •  The 2015 RWC will have a global television reach of 4 billion.
  •  More than 400,000 international visitors will attend the tournament.
  • Only one country from the northern hemisphere has won the RWC, England in 2003.

If you or anyone you know would value from a considered market assessment by Wellington’s only licensed agent and registered property valuer, please do not hesitate to call. We are always very happy to help. To book your free appraisal today, please click here.

 

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