Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Private Sale Book Rattles Real Estate Agents


Private Sale Book Rattles Real Estate Agents

Real estate agents seem to have reacted negatively towards the new book Selling a Home Privately in New Zealand.

The author, Garry Bond, says that while bookshops have embraced the book, some real estate agents have not.

Christchurch bookstore owner Mark Adams says he has had uncomfortable pressure from local real estate agents who have spotted the book in his shop.

Garry Bond believes more homeowners than ever are set to challenge the traditional real estate market with a growing trend towards selling privately. A recent count of homes that were for sale in the property section of a major daily newspaper, (Christchurch Press, 7th June 2003), found that over 15% were advertised for private sale compared to 8% in 1999.

The value of these homes ranged from $100,000 to $700,000. “Some real estate companies in New Zealand have been with us for over 100 years and up until now many people have automatically called in an agent when wanting to sell their home”, Bond says.

“But the private sale market is maturing with private sale magazines, a growth in the number of private sale web sites and a resultant increase in general public awareness.”

A manager at Quotable Value New Zealand indicated he has had a marked increase in the number of valuations obtained by those selling privately, says Bond.

“But I’ve found that although many companies acknowledge an increase in activity in the private sale sector, it’s difficult to obtain comments as many aren’t prepared to publicly ‘rock the boat’ in case they jeopardise their business relationships with the real estate industry”.

He continues, “I’ve even had a bookshop refuse to stock the book because the neighbouring real estate agencies were good clients and the bookshop didn’t want to upset them”. “However”, says Bond, “New Zealanders are smart, self sufficient people with a can-do attitude so the main purpose of the book is to provide a step by step guide and to answer questions often associated with a private sale.

This not only gives the homeowner the necessary professional edge but the confidence to maximise the chance of a successful sale”. Bond continues, “Personally, I’ve learnt from experience which has been invaluable when writing the book”.

When asked why some real estate agents are so uncomfortable about the book, Bond says, “New Zealanders do have a viable choice. I believe the book is a real threat because it’s tangible and is readily available on the bookshelves. It’s staring the public in the face.”

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Retail: Post-Lockdown Retail Card Spending Picks Up

The rise in retail card spending was boosted by sales of furniture, hardware, and appliances, Stats NZ said today. “For a third consecutive month, card spending on the long-lasting goods (durables) remained at higher levels than last year, after ... More>>


Contact: Business Drops, New Generation On Hold

New Zealand’s second-largest energy company Contact Energy (‘Contact’) released its full year financial results for the 12 months to 30 June 2020 (‘FY20’) this morning. More>>

Mining: OceanaGold Announces Receipt Of WKP Mining Permit

MELBOURNE, Australia, Aug. 6, 2020 /CNW/ - OceanaGold Corporation (TSX: OGC) (ASX: OGC) (the 'Company') is pleased to announce it has received the mining permit for Wharekirauponga ('WKP') on the North Island of New Zealand. ... More>>

ALSO:

Economy: COVID-19 Lockdown Has Widespread Effects On Labour Market

In the June 2020 quarter, the seasonally adjusted unemployment rate fell to 4.0 percent, down from 4.2 percent last quarter, while underutilisation rose, Stats NZ said today. More>>

ALSO:

NZ Post: New Research By NZ Post Shows Online Shopping Grew 105% In Alert Level 3

New research by NZ Post into how the COVID-19 response has impacted the way Kiwis shop online, shows online shopping increased 105%* when the country moved into Alert Level 3, and may have changed the way Kiwis shop permanently. Online spend peaked ... More>>

ALSO:

Banking: Westpac NZ Lowers Merchant Fees For Small Businesses

Westpac NZ is rolling out a new merchant fee pricing structure that will lead to cost savings for more than 10,000 small and medium Kiwi businesses, and could make contactless transactions more widely available for customers. On 1 September, most ... More>>

Antarctica NZ: Ice-Olation

Antarctica New Zealand is gearing up for a much reduced season on the ice this year and a very different deployment to normal! Before they head to one of the remotest places on the planet, all personnel flying south with the New Zealand programme will ... More>>

ALSO:

QV Valuations: July House Price Index Illustrates Market Resilience

According to the July 2020 QV House Price Index (HPI) results out today , property values recorded a marginal increase, up 0.2% over the month. This is somewhat of a turnaround from June, after the national index edged 0.2% lower. More>>

ALSO:

Property: Queenstown Rents Experience Biggest Drop In Seven Years

Rental prices in the Queenstown-Lakes district saw the biggest annual percentage drop in seven years after falling 28 per cent on June last year, according to the latest Trade Me Rental Price Index. Trade Me Property spokesperson Aaron Clancy said ... More>>

Seismology: The Quiet Earth

As many daily activities came to a halt during lockdown, the Earth itself became quiet, probably quieter than it has been since humans developed the technology to listen in. Seismologists have analysed datasets from more than 300 international ... More>>

RNZ: James Shaw Says Kiwibank, Not Ministers Should Decide On Investors

Climate Change Minister James Shaw says Kiwibank's decision to stop doing business with companies dealing in fossil fuels is the right one. More>>

ALSO:

FMA: Kiwis Confident Financial Markets Will Recover From COVID-19, Plan To Increase Investments

Despite the majority (60%) of investors experiencing losses as a result of COVID-19, the outlook on investing remains positive, according to a Financial Markets Authority (FMA) survey. Most Kiwis (71%) were optimistic that the pandemic will pass eventually ... More>>

FIRST Union: Warehouse Using Covid For Cover As Extensive Restructure Makes Everyone Worse Off

(FIRST Union comments on The Warehouse consultation and proposed restructure) 'Unfortunately the Warehouse have done the disappointing thing and used Covid-19 to justify a bunch of operational business decisions that will leave hundreds of workers without jobs ... More>>

ALSO: