Properties for sale in Manawatu / Wanganui

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Mortgage interest rates continue to currently remain low, with a range of 4. I find it interesting to look back over the last 50 or so years and make comparisons.

These are very general and approximate. Palmerston North bounced back from 94 in April to in May. Many people incorrectly believe that cost equals value when it comes to real estate. When a house is built, the value may be higher or lower than the cost to build, or it may be the same. Trade me houses for sale feilding all depends on the state of the market. Similarly, many people incorrectly believe that the value of an older property is derived by estimating cost and deducting an allowance for physical depreciation.

The cost to build in Eketahuna and Remuera will be similar. It trade me houses for sale feilding even be more expensive to build in Eketahuna because of transport costs.

The values will be very different, most of which is accounted for by the difference in land value, but the market may add a premium or a value penalty over and above the difference in land value. By contrast, Auckland has seen a The NZ average was a decrease of 1. Wellington has an inventory of 7 weeks, Auckland 22 weeks and West Coast weeks. In order to maximise your selling price in the real estate market, it is worth putting some effort into the presentation of your property, especially trade me houses for sale feilding this time of the year.

We have achieved many outstanding sale prices in this market for our clients, and in most cases presentation has played a significant role. Start with first impressions. What does the buyer see when they pull up outside the property? Up the driveway or path? At the front door? In the entrance hall? In the living rooms? Kitchens and bathrooms should be immaculate. Hide your personal possessions clutter away.

Mow your lawns, weed your garden, deal with any water ponding, make sure that your deck and patio are not slippery. Get rid of dust and cobwebs and vacuum the floors. You trade me houses for sale feilding want specific advice on whether certain improvements are worth doing or not. Just give me a call. My advice is free and is without obligation. The median value has increased approximately 45 times in 47 years, which I think is rather impressive. Palmerston North dropped from sales in March to 94 in April.

We have some similar results currently under contract. Looking through the sales results for the town through all Real Estate Agents, I note that most properties are selling for more than their Rating Value, but not all. There were a few sold at less than the Rating Value, and many sold at a very modest amount above RV. We are finding that the better presented properties are selling better than poorly presented properties.

The market is divided into quite different segments, with very different types of Buyers, and quite different Buyer behaviour. This shows that it is crucial that you obtain quality appraisal or valuation advice when selling, in order to maximise your sale price. In addition to the appraisal advice, the method of marketing is important which we can advise on, and so is presentation advice that we can also advise on.

Palmerston North was also strong with Auckland was very active again in March after 3 quieter months. Local pride was low. Feilding was a potentially dying rural town, like so many others. A group of local business and community people realised that if Feilding and the Manawatu District were to grow and prosper, positive change and improvements were required, and it was no use trade me houses for sale feilding outside Feilding and the district for help.

We had to roll up our sleeves and make those improvements happen. Feilding Promotion initiated most of the improvements, which involved working with Council and other groups.

Fast forward toand Feilding is a growing country town, with strong agri business base, it is attractive, trade me houses for sale feilding people choose to live in Feilding and the district for quality lifestyle reasons.

Many of our residents work in Palmerston North and at Ohakea. We have a quality town and district with excellent growth prospects. We have much stronger property values! People now puff their chests in pride as they say that they live in Feilding and Manawatu District.

Home A little about me. Enjoy these low interests rates while they exist. Kind regards Michael Ford. Posted in Uncategorized Tagged Interest rates Leave a comment. Posted on June 13, by Michael Ford. Economic obsolescence, or the lack of it, needs to be taken into account. This is why value is based upon the sales of comparable properties, and not cost.

Posted in Market update Leave a comment. The following extracts are from www. Posted in Market update Tagged Median house prices Leave a comment. Posted in Market update Tagged Feildingmedian sale price Trade me houses for sale feilding a comment. Watson Real Estate Limited Office: Michael's Real Estate Column. Proudly powered by WordPress.

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