Let's get rid of Property CV's

It's usually the next question at an open home after  registering - 'So what is the CV of the property?" - it is far too often judged to be an official government valuation of a property. IT IS NOT! - In my view it would be better for everyone if we got rid of CV's

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The importance of sales volume trends in the property market

The property market like any type of market is cyclical, it has been on an upswing for 2 years now and the question people want to know is, will it continue? To see where the property market is heading and what will happen to prices you need to look at sales volume trends

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Making sense of the monthly property statistics

We are fortunate in NZ to have a rich and comprehensive database of property statistics, however such richness and diversity can lead to a sense of paralysis. Here is a summary of what is available  from where and when and most important of all, what to pay attention to

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How much does a real estate agent earn?

Perception may be that agents earn a fortune given the commission rates and escalating house prices - the facts are a little more sober- the average agent in NZ last year earned an income of just $43,372 which after costs takes the likely net income below the "living wage"

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What you can learn from tracking the 'digital history' of a property listing

By keeping a watching eye on individual properties online you can learn a lot about the vendors situation and enable you to be a savvy buyer, here's a current example from the Auckland market, were not everything sells in a matter of weeks

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Real Estate Commissions

As everyone knows buying and selling your home is one of the most significant transactions of your life - financially most people will never come close to anything as large - yet ask most people what it costs to use a real estate agent; and most will quote rough commission rates "around x or y%" - I thought there was value in looking at the rates and how to find out about them for the public's benefit

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