Choosing a real estate agent is a daunting task because it plays a big role in how successful the sale of your property is. They’re key to achieving the best outcome and attracting excellent offers for your property.

When a property is in high demand, there is a good probability that multiple buyers may make an offer. When more than one bidder submits a written offer on a property, a multi-offer situation will occur. The purpose of the multi-offer process is to provide all interested purchasers with a fair chance to submit their best offer for a property they want to buy.

An open home is one of the best ways to attract the attention of potential buyers. By inviting them into your newly listed property you’re inviting them to fall in love with your home. Unlike the lavish open homes seen on shows like Million Dollar Listing, things are a little more relaxed here in New Zealand and regular open homes will do the trick, and with fewer hassles. But even though there is no lavish champagne on tap, or performers entertaining your guests, making sure that your home is presented well is crucial in getting the end result you want. So how can you give potential buyers a great first impression of your home?

There has never been a better time to sell a home! Prices in Taranaki sit at an all-time high while supply is low — which means sellers are in the best position, with no sign of things cooling off. With such high demand for houses, it's no surprise that homeowners are toying with the idea of selling their homes privately. Especially if doing so could mean thousands of dollars could end up in their own pockets, instead of a real estate agent's pocket. Plus people often wonder whether using a real estate agent will result in a higher price for their home or not.

During 2021, the housing market was dominated by consistent house price increases which saw the regional median sale price peak in Taranaki. As the year ended, prices were still on the rise with the latest Real Estate Institute figures showing Taranaki’s median price increased by 26.2% annually to a high of $626,100 in November 2021.

The term seller’s market has been thrown around a lot in recent months, but what exactly does it mean? A seller’s market arises when demand exceeds supply. In other words, this means that there are many interested buyers, but the number of houses on the market remains low. With fewer homes available, sellers are at an advantage, therefore, making it a seller’s market.

Anyone can sell a house, there are many people selling homes privately online every week. Private sales make up approximately 10% of residential sales in New Zealand. Making sure you get top dollar, on the other hand, requires not only extensive market knowledge but careful research and exceptional negotiation skills, which an inexperienced person can not give.

All over New Zealand, especially with house prices where they are right now, there are many conversations being had around this topic. Do we sell, do we renovate or perhaps we wait and see what the market does? Unfortunately, there is no one-size-fits-all answer, which is what makes deciding whether to sell or stay that much harder.

South Taranaki, like the rest of the region’s property market, is red hot with almost all home sales having more than one buyer making a written offer on a property. This is great for those that are looking to sell their home as the chances of getting the highest offer for their home is pretty much guaranteed. But what does this mean for those who are looking to purchase a new house in South Taranaki? Chances are those who are in the market are experiencing disappointment due to their offer going into a multi-offer scenario, there are also a number of cash unconditional offers. If you are a buyer in a multi-offer process, if you don’t put your best offer forward you may not have another opportunity to increase your offer. 

Let’s face it, the reason the majority of people choose to sell their homes privately is to keep more money in their pocket. Why should you get someone to do very little work while pocketing a percentage of your home’s sale price? There are plenty of buyers out there, so how much effort is it really to sell a home?