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Geoff Sewell performs for Christmas at the Park

November 19, 2018

General

Geoff Sewell is confirmed as the headline act for Cox Partners Christmas at the Park 2018. We are thrilled to have an international performer of Geoff’s calibre involved in this popular celebration on Saturday, 15th December 2018. Although Sewell is based in London, he has a personal connection with Hawkes Bay having attended High School […]

Hawkes Bay volumes drop while prices continue to rise

November 8, 2018

Market

The number of sales fell by almost 20% in September as the Hawkes Bay market continues to struggle with low listing numbers – there was only a 1% increase in new properties coming to market since August. As a result, the number of unsatisfied buyers remains high. This excess demand has pushed the median price […]

New rules for Real Estate

October 18, 2018

General

Next year real estate agents will be asking seller and buyers to show them their driver’s license and power bill to prove their identity. When this happens please don’t be offended. They are abiding by new rules to combat money-laundering. Up to now it has been up to the likes of banks, lawyers and more […]

Real Estate survey finds room for improvement

October 8, 2018

General

Real estate agents have received mixed reviews in a customer experience survey carried out by property data company CoreLogic. The 2018 Vendor Perceptions of Real Estate Agents Survey asked more than 900 New Zealanders who had sold a home to rate the performance of their agent. While most agents received a “pass” grade, many vendors […]

What makes a sales person great?

October 1, 2018

Selling

During the week I have been reviewing our goals and plans for the remainder of the year. I’m very proud of our people – of who they are, what they achieve and the enthusiastic, positive feedback our clients and customers provide about our people. And I’ve been reflecting on what makes a GREAT sales person. […]

Price or No Price?

September 25, 2018

Selling

Should I list an asking price when selling my property? Several selling solutions are offered by the real estate industry. Some use NO PRICE, while others use an ASKING PRICE. Selling a property with no price may be appropriate in either of two circumstances: when buyers have no alternative choices, for example like artefacts; or when the […]

Should I have a for sale sign on my property?

September 20, 2018

Selling

How important is it to have a signboard on your property when you’re selling? The short answer is: “extremely important!” No sign can mean no sale. The reason is that the buyers who are most likely to pay the highest price for your property will specifically be looking in your location. Having seen a sign in […]

More restrained growth expected in Napier

August 28, 2018

Market

The availability of property for sale is at an all-time low in Hawkes Bay, and in July this has shown up as a 14% drop in the number of sales to 98 in Napier and 105 in Hastings. The imbalance between demand and supply continues to exert upward pressure on prices, as active buyers face […]

Don’t hesitate for the right home

August 22, 2018

Buying

In the current market, where there are favourable financial conditions and limited choice of property for sale, buyers who hesitate excessively are missing out. Whilst we would never suggest you let yourself be pushed into making a hasty buying decision, if you find the right home, don’t hesitate to buy. The right time to buy […]

Tame your Mortgage!

August 14, 2018

General

Financial stress is horrific. It tears families apart. The most important financial question to ask yourself, BEFORE you buy a home, is: “What’s the worst that can happen?”. Interest rates are low now, what if they rise? What happens if you buy based on two incomes and you lose one income? Think of the future, […]

The property cycle turns slowly

August 6, 2018

Market

It is generally accepted that the real estate market moves through an irregular but recurrent pattern. The Property Cycle shows four distinct phases: boom, slow down, slump and recovery. Each phase is characterised by indicators which measure “key drivers” that collectively propel the market through the various phases of the Property Cycle. These drivers tend […]

Winter’s a hot time to sell!

July 30, 2018

Selling

Frequently we hear ‘would-be’ home sellers saying they want to put off their plans to sell until spring. They think that because the house presents better in spring, they’ll sell better then. Because of this type of thinking, the number of homes for sale can vary from one season to another. Interestingly, demand from home […]

Napier holds top spot for growth

July 22, 2018

Market

Recent data from Quotable Value shows that none of the real estate markets in New Zealand’s main centers have grown by more than 0.5% since May. The regions, on the other hand have continued to perform strongly, and Napier holds the top spot with an annual growth consistently exceeding 15% for the past two years. […]

What the law expects

July 17, 2018

Selling

Most real estate agents don’t deliberately set out to break the law. But it happens. As a real estate consumer, you should understand what the law expects, and here are a few specific matters of interest: 1. Extra benefits for the salesperson Many real estate companies offer their salespeople incentives for listing a property with […]

Should I rent or buy?

July 4, 2018

Buying Selling

A week ago one of my sons moved into his first home. What a fabulous achievement! Home ownership is a dream for many. The most important consideration before you buy is affordability. In spite of recent price rises in our area because of the low cost of borrowing, home affordability in Hawkes Bay is amongst the best […]

The value of success . . .

June 25, 2018

Selling

One of the most important tasks for sellers is to determine a realistic value for their home.  Many elements combine to create unrealistic expectations – sometimes it’s uninformed opinions; the need to recover the cost for improvements made; or the need to fund future plans. To help understand some of the key principles of correct […]

Should you buy before selling...

June 25, 2018

Buying Selling

Home sellers are often confronted by the anixous question. What if they sell quickly and have nowhere to live? In the past, moving home went like this: a. Find another home you love; b. Buy that home, subject to sale of your existing property or by using bridging finance; then c. Sell your current property. […]

One Queen - Two Birthdays

June 6, 2018

General

Have you ever wondered why the Queen’s Birthday is celebrated in New Zealand on the first Monday of June, when her 92nd birthday was actually on 21st April? You’re not alone –last week my son asked me about this. Her Majesty is one of the few people who celebrate two birthdays – a real one […]

Hawkes Bay - an attractive destination

May 31, 2018

Market

Population growth has been a significant factor driving up the REINZ House Price Index for Hawkes Bay which has continued its recent surge, growing at a rate of 18% over the last year compared to 3.8% for all of New Zealand. This growth represents a degree of “catch-up” to narrow the unsustainable wide price differential […]

Hawkes Bay market still playing catch up

May 17, 2018

Market

While affordability constricts the Auckland home market, regional housing markets like Hawkes Bay continue to play catch up. This is reflected in property values continuing to rise. The horticulture, agriculture and tourism sectors of the local economy have performed well within the region and this has helped fuel buyer demand, as have low interest rates […]