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Birkenhead
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12 days ago

How to add value in the kitchen without breaking the bank

Bob Nahab from Bob Nahab

If you’re planning on selling your home, the kitchen is a great place to start to add value. The kitchen is one of those spaces that can make or break the sale for many buyers, but before you make the decision to totally gut your kitchen and start again, here are some tips on how to get the best … View moreIf you’re planning on selling your home, the kitchen is a great place to start to add value. The kitchen is one of those spaces that can make or break the sale for many buyers, but before you make the decision to totally gut your kitchen and start again, here are some tips on how to get the best out of your existing kitchen without breaking the bank. Read More

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60 days ago

Should you sell first or buy first?

Bob Nahab from Bob Nahab

When you’re looking for a new home, one of the first things you need to consider is the order of events – do you sell your existing property before you buy, or after? Here are some factors to consider before taking the plunge.

Buyer’s market or seller’s market?
When buyers are plentiful, … View more
When you’re looking for a new home, one of the first things you need to consider is the order of events – do you sell your existing property before you buy, or after? Here are some factors to consider before taking the plunge.

Buyer’s market or seller’s market?
When buyers are plentiful, but properties aren’t, homes generally sell quickly. In a seller's market, there is less risk associated with buying first and then selling your existing home. However, sellers in this kind of market may be less likely to accept an offer that is conditional upon you selling your home, so you could end up owning two properties for a period of time.

The average time it takes to sell a property varies from region to region and from month to month, so it’s important to talk to your sales consultant to get advice about current market conditions, recent comparable sales in your area and the possible demand for your property before making a decision to buy first.

Keep in mind also that in a seller’s market there will be more competition, so you can expect to pay top dollar your new home.
The good news is that you’ll have the peace of mind that comes from finding the right house to buy before selling yours.

Do you know how much you can spend on your next property?
Until you sell your property, you may not know exactly how much you’ll have to spend on your next one. In a buoyant market, you could easily have unrealistic expectations when it comes to the value of your own property. Your sales consultant can help you get a realistic picture of your property value by preparing a comparative market analysis of what similar properties have sold for in your area in recent times.

Are you a cash buyer?
If you choose to sell first, you will instantly become a cash buyer and be in a much stronger position to buy as soon as you find what you want. Do your homework on the market and area that you are looking to buy in so you’re ready to buy when the right property comes up.

Have you found your dream home?
Buying a new home is an emotional decision. If you want to follow your heart and buy that dream home before selling your current home, make sure you’re well informed. A good sales consultant will provide quality advice for your unique situation. If you are looking for a very specific type of property and it becomes available, it could be a good move to snap it up even if you haven’t sold your home, but there’s
no downside in getting expert advice before you do.

Are property prices are going up?
If you’re in a rising market, it could make sense to buy your new home first and negotiate a longer settlement. Your current property could potentially rise in value during the settlement period, allowing you to earn more when you sell it.

Are property prices falling?
Falling property prices can work in your favour as well if you can attract an interested buyer before prices drop further, leaving you free to purchase your new property at the lower end of the market cycle. However, falling property prices are also an indication of a slower market so it could take you longer to sell your existing property.

At the end of the day, your best course of action is to work with a real estate professional who can provide you with the local knowledge and insights you need to make an informed decision for your specific circumstances.

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76 days ago

We are in a ‘Sweet Spot’

Bob Nahab from Bob Nahab

Selling your home for the maximum price is about timing, and at certain times in the year there are sweet

spots in the marketplace, you could call this a perfect storm for a seller’s benefit.

Normally these moments are limited to 1-2 seasonal timings i.e. early January and late October.

View more
Selling your home for the maximum price is about timing, and at certain times in the year there are sweet

spots in the marketplace, you could call this a perfect storm for a seller’s benefit.

Normally these moments are limited to 1-2 seasonal timings i.e. early January and late October.

Sometimes however, the market will present itself with unique opportunity gaps, which is what we have now. The factors that are causing this opportunity are:

- Available houses on the North Shore has decreased by 10% in the last 3 weeks, and is continuing a downward trend
leading into the Winter months.

- Imminent changes from the Reserve Bank in official Cash Rate (OCR) cut; combined with confirmation that Capital Gains Tax has been axed all bode well for buyer sentiment.

- Median house prices; Median house prices in Auckland remained exactly the same as April 2018 at $850,000 thus showing that values are stable.

This means that there is less seller competition in the marketplace and for the property buyers are purchasing with urgency. Provided a property is correctly marketed, this is resulting a successful sale result for sellers and the opportunity to move to their next dream home.

One of the unique ways that I help my clients is by using my experience in a large amount of renovation projects, to guide you on how to best present your home for your buyer target market, or opportunities for immense value to be added to the home.

If you are considering selling and would like to take advantage of this unique opportunity you can set up a time by reaching me on 021 339 905 or email me on bob.nahab@harcourts.co.nz. If you would just like to discuss the current market conditions a bit more, I’d also welcome your contact.

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82 days ago

Tips! Why Auctions Work?

Bob Nahab from Bob Nahab

For sellers and buyers, auctions offer greater transparency throughout the process than almost any other selling method.
Those selling using the Auction method get to enjoy a high profile marketing campaign resulting in:
- Property may sell before, during and after the auction
- You find your buyer… View more
For sellers and buyers, auctions offer greater transparency throughout the process than almost any other selling method.
Those selling using the Auction method get to enjoy a high profile marketing campaign resulting in:
- Property may sell before, during and after the auction
- You find your buyer quickly because auctions create a sense of urgency
- Sellers get to see exactly what people are prepared to pay, not how little they are prepared to pay
- The selling period is finite
- Sellers know they have unconditional cash buyers
- You know purchasers are genuine
- Unlike the private treaty/fixed price process, auctions avoid having to put an arbitrary figure on a home which may deter potential buyers

Buyers also benefit from the auction process.
- Buyers know the vendor, who has already invested in a marketing campaign, is committed to selling
- Buyers can see the other bidders and know what they are up against
- There is a realistic timeframe in which to organize finance, inspections and other related matters
- When standing with other bidders, it verifies you are paying market value
- You are an integral part of the whole process and get to see the process in a fully transparent manner so you can make your own decisions on how to proceed each step of the way.

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84 days ago

Free house appraisal,

Bob from Bob Nahab

Local residents that we are speaking to are often confused of their properties value and are interested to know the current value of their property in today's market. Going forward this allows them to plan ahead and ensure that they are adequately financed, insured to the correct levels and … View moreLocal residents that we are speaking to are often confused of their properties value and are interested to know the current value of their property in today's market. Going forward this allows them to plan ahead and ensure that they are adequately financed, insured to the correct levels and able to make informed financial decisions.
Call Uncle Bob to find out how much your house worth in today's market! Mobile: 021 33 99 05, Email: bob.nahab@harcourts.co.nz

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