Happy New Year to you and yours. While you’re sipping the occasional lager or wine on the beach (or if you’re keeping yourselves warm in the top half of the world), spare a thought for our team who’ve been beavering away right through the holiday period. My colleagues now have 17 Arrow Street, 10A Calamaras […]
This is the last newsletter for the year, and so we take this time to thank you for your business, either as a buyer or seller – or in some cases both, and your referrals. Year in – year out the support of our clients is heart-warming and essential to our continued success in this business.
Yesterday we had two properties up for auction – 18 Scotland Street, Nelson and 62 Manuka Street, Nelson.
Scotland Street attracted spirited bidding and we passed it in below reserve at $685,000. It is now under conditional contract well into the $700,000s.
Although we had buyers in the room for Manuka Street it didn’t sell under the hammer and it too was passed in – at $790,000.
For both these properties we have our final open homes of the year this weekend.
Today we have the conclusion to the Deadline sales for 4 Rosa Cristina Way and 3 City Heights, Nelson.
We will be presenting several offers on Rosa Cristina Way this afternoon and are dealing with buyers who are indicating interest in City Heights.
So – this has been a busy month as we watch buyers aspiring to get a deal in place on their next home so that they can move into Christmas without having to do any more house hunting.
However, if you haven’t yet secured anything, and will be on the lookout over the holiday season, both Jacqui and I are working, (apart from the stat holidays – yes, it needs to be said, because just about every year someone rings to see a house on Xmas day), and available to find you the home of your dreams.
Have a safe and relaxing Christmas everyone – see you in the new year.
One final open home before the Auctions on Manuka St and Scotland Street, next Wednesday.
If you can tear yourselves away from the beach for half an hour it will be worth the sacrifice.
We also have Rosa Cristina Way and City Heights going to Deadline Sale next Thursday. Again our final open homes are this Sunday afternoon.
There’s still plenty of days to run before the Jolly Big Guy in the Red Suit slides down your chimney, so we look forward to helping you sort your real estate over the next few weeks.
In 21 years in this business I have seen the same thing every year – most of our competitors are in holiday mode already – either physically or mentally. As a result, Jacqui and I will be working right through, and although we may have something else to do on Xmas day itself, on every other day this month and next, we will be available to you, whether you’re listing or selling.
Last year I had the pleasure of working 7 offers between Xmas Day and New Year’s Eve on a property I had for sale in Tipahi Street, and the joy I was able to bring to both the buyers and the sellers was something to behold – a real Xmas present for them both.
Have a great week and we look forward to welcoming you to our open homes this Sunday.
Given that two of our featured homes are coming up for auction in a few short weeks, and some of the buyers keen on those properties would like to bid, but have houses to sell, it begs the question – is it better to sell first then buy, or buy first then sell?
The correct answer, in my view, varies with the flow of the market, your own comfort levels, and the willingness of your lender to cover you if necessary.
Clearly in a rising market, it is preferable to buy first – to establish a purchase price, and then while you get you own house onto the market and sold, its value continues to rise.
In a falling market the reverse applies – get yourself sold first and take your time buying.
Timing around these transactions is important. As a seller, you might like to negotiate a longer settlement, and as an unconditional buyer (with a house still to sell), you may want to do the same – 6 month settlements are not unusual under these circumstances.
As a buyer, if you are wanting to make an unconditional offer, or bid at an auction while still having a house to sell, not only securing a longer settlement is a great idea, but I’d definitely recommend chatting to your bank or lender so that if you find yourself in the situation where you need to settle on your purchase before you’ve managed to settle on the sale of your house, bridging finance is pre-arranged and available to tide you over and also to allow you to sleep while you’re waiting for your house to sell.
We are still seeing multiple offers on properties and plenty of bidding at auctions. Often it’s the cash/unconditional buyer who carries the day and wins, so if you’d like to discuss any of these thoughts with me in the run up to an auction or making an offer on a home you’ve fallen in love with, give me a call.
Have a great week – we may see you at some of our gorgeous homes this weekend.
Since last week we have sold 51 Domett Street, Nelson – this is one of the grand character homes in Nelson and after more than two decades, the owners are passing this gorgeous home onto new owners.
We have an embarrassment of riches for you this week – our new listings are –
4 Rosa Cristina Way, Nelson. This is an excellent, low maintenance home in one of the Wood’s cul de sacs – very private, quiet, and only a few minutes’ walk to town.
18 Scotland Street, Nelson. Up behind the back of town, also a gorgeous home where the renovation belies the age of the house – double glazed, completely insulated, charming and immaculate, this home gently whispers quality and good taste.
62 Manuka Street, Nelson – like the previous two, also a few minutes’ easy walking into town and schools, this is a substantial 1950s home with loads of space for all your family, and like the previous two, in immaculate condition.
3 City Heights, Nelson. The jewel in the crown, in a cul de sac above Cleveland Terrace, this is an exceptional home on 2040 square metres of land with views that seem to go on forever.
All four homes have their first open home this Sunday, and we hope you can tear yourself away from a day at the beach to come and see them – it will be well worth the visit.
Brace yourself – we have three new listings this week that we hope to bring you next week once we have our information booklets ready – each of them are in cul de sacs – two have incredible views and are homes of extremely high quality – the third is a modern family home that is very easy ‘walk-to-town’.
We have another open home at our Atawhai subdivision at 1 pm this Sunday.
There are now only five sites left and we are negotiating an offer on one of them. Now that the building platforms have been formed on the bottom half of the subdivision, buyers are able to see exactly what their views will be and where neighbouring houses will be sited. Quite apart from all the other benefits of living here, you get a ‘build-ready’ building platform with no further Geo-tech required, and there are no minimum build sizes.
We look forward to seeing you there on Sunday.
The market sales numbers are still down based on a shortage of good listings – if you’re wanting to be sold before Christmas there’s still time to do this – call me this week and we can swing into action – have a good week.