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

 

Frog Recruitment: Kiwi Workers Reluctant To Make Business Trips Across The Ditch Despite Trans-Tasman Bubble Opening

When the trans-Tasman travel bubble opens today, many Kiwi companies won't be rushing to buy an air ticket, reluctant to cross the ditch to do business. The latest survey conducted by leading recruitment agency, Frog Recruitment of nearly 1,000 New Zealand ... More>>

Tourism: Employers Welcome Back Working Holidaymakers

Tourism businesses gearing up for the return of Australian visitors from next week will be relieved to learn that they will also have access to an offshore pool of much-needed job candidates, Tourism Industry Aotearoa says. Tourism employers around ... More>>

Commerce Commission: Latest Broadband Report Confirms Improved Performance Of Premium Fibre Plans

The latest report from the Commerce Commission’s Measuring Broadband New Zealand programme shows that the performance of Fibre Max plans has improved substantially. This follows a collaboration between the Commission, its independent testing partner, ... More>>

Air New Zealand: Capital Raise Deferred

Air New Zealand has decided to defer its planned capital raise to later in 2021 allowing more time to assess the impacts of recent developments on the airline’s path to recovery. 'We’ve seen some clearing of COVID-19 clouds recently, with ... More>>


Stats NZ: Prices For Transport And Housing Rise In March 2021 Quarter

Higher prices for transport and housing led to a 0.8 percent lift in the consumers price index in the March 2021 quarter, Stats NZ said today. Prices for getting around rose in the March quarter. Transport prices rose 3.9 percent, the biggest quarterly ... More>>

Stats NZ: New Report Shows Impact Of Demands On Land In New Zealand

A new environmental report released today by the Ministry for the Environment and Stats NZ, presents new data on New Zealand’s land cover, soil quality, and land fragmentation. The land cover data in the report, Our land 2021 , provides the most ... More>>

ALSO:

Stats NZ: March Card Spending Rebounds Despite COVID

There was a lift in retail card spending in March following a fall in the lockdown-disrupted February month, Stats NZ said today. Seasonally adjusted retail card spending rose by $53 million (0.9 percent), compared with February 2021. Visit our website to read ... More>>