Thinking of listing your property? Getting a good deal when buying or selling a home entails a lot of work but it all pays off in the end.
As you’ll no doubt know, listing in New Zealand is often made through a real estate agent, private selling is also still allowed under the law. In fact, some owners who want to save money do sell privately and find themselves getting a winning deal.
Listing can be a complex and tedious process and you will need patience to hurdle all requirements. Whilst contracting a Whangarei Real Estate agent, such as myself who has the expertise to complete the process in no time, it will entail additional expenses on your part compared with ‘going it alone’
If you don’t want to bear the cost of commission, here’s some top tips:
- Do your research, understand New Zealand property laws and make sure you are complying with what the law requires.
- In your listing, present your property well. Post good photos of all its features and physical layout. Describe the house in way to sell the dream you have lived so enjoyably, so that the potential owner will be able to picture himself/herself living in the house. Indicate the essential services that are accessible to the property – schools being the most crucial to highlight.
- All details of the property must be indicated in the listing. If there are issues in the property, such as plumbing or electricals, these need to be disclosed to the potential buyer in written or verbal form. The law requires the owner to disclose issues in the property not necessarily on the listing itself, but anyone taking interest to buy or sell the property must be fully informed of said issues.
- Pricing will depend on the prevailing market price. It would be useful to keep tabs on latest real estate statistics and information published by the Government so you can properly explain to the potential buyer or tenant how the price was set.
- You will still need a lawyer or a conveyancer to prepare the agreement between the buyer or tenant and you, the owner. Make sure you study the provisions of agreement thoroughly before passing it to the potential buyer or tenant.
- Once the sale or purchase agreement is signed, you will again need your lawyer or conveyancer to hold the deposit payment of the buyer into their trust account.
Even if you decide to get a trusted real property agent to manage your New Zealand home listing, your work should not stop there. It is best to keep things in check and stay hands-on with the negotiations. You need to be assured that, once you list the property, you’ll have a winning deal. With Louise Payne Real Estate – I take the hassle from listing your property and add value through a free property valuation, beautiful photography, and carefully crafted wording. For over 15 years I have lived and breathed Whangarei Real Estate, negotiating on my vendor’s behalf. I will always strive for the best deal for my clients. Give me a call today to learn more.