Property buyers have a contract with a buyers agent and pay them to use the specialist skills that they have in property acquisition to assist with the entire process of purchasing real estate. The property buyer does pay the buyers agent, the seller pays the selling agent, who is thus legally obliged to work in [...]
WANAKA PROPERTY PRICE UPDATE - see our most recent blog for market information as of November 2020. Finally, the Wanaka property prices may be about to stabilise. How have we got to the level that we have? Factors are a combination of local market supply, which is certainly starting its seasonal increase and both national [...]
People have been asking me why I have made the decision to become a buyers agent rather than the more traditional vendors agent that is the norm in the real estate industry. As a buyers agent I am able to rebalance that equation. The vendor is represented by their agent and the purchaser by me. [...]
Having local representation from a buyers agent in the Wanaka and Queenstown property market can be a real game changer. A licensed professional who lives and breathes real estate and specialises in searching, evaluating and negotiating the purchase of property on behalf of the buyer will provide you with earlier and wider access to properties [...]
Queenstown and Arrowtown property owners will have significant implications from the outcome of the Queenstown airports future whether it be related to the growth of the regions population and the flow on affect, to the infrastructure or to the commuting in and out of the region. The future of the existing Queenstown airport is at [...]
There may be some interesting dinner parties over the next few months as some Wanaka proposed changes to the infrastructure that will significantly affect the fundamental nature of our community, are thrashed out. With respect to each of the proposals there are two sides to the camps of support with not a lot of sitting [...]
In Wanaka and Queenstown being a buyers agent more often than not means working on behalf of property buyers who are not resident within the region. The concept, which is not common practice in New Zealand, came to fruition for me after I saw how out of town buyers were struggling to be on a level playing field with local buyers, when we were selling our own property.
Everyone seems to have a question about the Wanaka Real Estate market whether they are locals or visitors. In fact, the most common piece of waste left behind in rental accommodation is the Property Press, believe it or not. Many people seek to clarify with me the role of a listing agent. These agents are paid by the vendor or seller of the property – they are working for them and have the job of achieving a sale and at the best price possible. The listing agents, however are legally obliged to treat buyers with a duty of care, but are employed by the seller of the property to work for them to achieve a result. A buyers agent is paid by the buyer to secure the best property, at the best price for the buyer.
The buyers of Queenstown property are often more than anywhere in New Zealand, linked in to the impact of the global economic climate. My clients in this market have been forecasting a global correction to potentially occur anywhere onwards from mid-winter in New Zealand. So - are we finally seeing a buyers market - times have turned in most other areas of the country, hopefully, we have and its time to get out there and buy. buy, buy.
The latest statistics out on Queenstown and Wanaka property sales may be starting to reflect what the feeling is out and about around the streets. Has the cycle turned or plateaued and is there less urgency out there with the buyers? Will the autumnal temperatures reflect the pattern of the sales curves and figures in our Queenstown and Wanaka property markets.