Hi Hihopes
Why not try giving a weeks free rent at the higher end of your asking price. You could be surprised with the response to this.
Kerwyn.

Hi landt
It is the NZ government that has a policy of keeping the rates just a little higher to bring in overseas money.
It is a very fine line they run with interest rates; if they make them too low, say the same as OZ then the big money dealers prefer to put the money into OZ. If they make them too high then the NZ dollar goes up and exports…[Read more]

Hi Nowork
Hmmm! From what I understand it all comes down to finding your own niche in the market. It also depends on where you live. Property is not a get rich scheme it takes a lot of planing, reading and listening to other people with a lot more experience.
I believe the best place to start is do a reno, find something cheap fix it up and you…[Read more]

Hi Turboz
From my dealings I have found Harcourts are very professional. So professional that they saved me making a bad deal through another agent.
kerwyn

Hi All
If you shop around you can get 90% for Tokoroa I did. Got a great deal on interest rate too.
See Property GuRu
Kerwyn

Hi Jenny
Gee Jenny you never told me that I was nice and pleasent, “just joking”[biggrin]
Good to see you on the form, hope you haven’t sold everything when I get back in April.
See you then
Bill & Irina.

Hi All
Although I am about 1 second old compared to the years of experience Monopoly has in the property investing sphere I am considerably older in age, (by the way nice photo Monopoly). I have been in business nearly all my life and have seen the good and the bad. I have been the top roaster one day and a feather duster the next.
One thing I…[Read more]

Same old stuff from the losers of the world. The thick headed opinionated people who wouldn’t believe in ET if one landed in their backyard.
It is sad really that people like Jenman can say things without any understanding of the concepts being taught by these so called spruikers.
Well I for one would like to thank the spruiker who got me into the…[Read more]

Hi Wayne
Yeah I had the same problem with Westpac in January even before the new laws started in Feb. I was in NZ and they just refused to open an account. The law has something to do with banks with Aussie affiliates so any banks like ANZ, National etc could be a problem. I got around it by going into a bank of NZ and opened an account no…[Read more]

Hi Leila
I have just finished my first reno. I bought the place 3 months ago for $225000 I spent $3000 on the reno had it valued today at $270000.
My WOW factor was in 5 areas,
1st I painted the place inside and out using heritage green on the gutters and the hardiplank parts of the building and a very pale green inside; the building is mainly…[Read more]

Hi All
I tend to agree with Westan if everyone comes to Invercargill with a dozen or so spray cans we maybe able to raise the temp a bit and turn it into the NZ Gold coast. Just think of all the money we could make selling all our investment properties to the unsuspecting Japanese, we could all be millionaires.
Got to make hay while the sun…[Read more]

Hi Wayne
I tend to agree with you as I have been involved with two of your examples and still with the alternative medicine/herbal business.
It is a case in point at the moment where the large pharmeceutical companies are trying to dump on the alternative medicine industry by releasing a bunch of negitive rubbish to discredit them. While the real…[Read more]

Hi Trish
I was in NZ last week looking at a property and the agent pointed out that some of the boards had been replaced. She said the old weatherside had been replaced with Hardiplank. So I think Castledreamer is correct.

Kerwyn

Hi All
I will add a little here.
As far as I am aware there is no law to make you collect a bond on a L/O.
What you should do though is to collect a non-refundable option fee and at least 2 weeks rent in advance, 4 would be better if you can get it. This is a bit of protection if your buyer does a runner.
The good thing is that if they do a runner…[Read more]

Thanks MiniMogul amd Westan
You make sense from a vendor’s point of view. What concerns me with the cash clause is the person who comes in with the cash doesn’t have time to get a building report. When they invoke the clause they are locked into buying the property even if it is a dud.
My point is that cashed up Aussie buyers who are floc…[Read more]

Hi Pix
I was in Christchurch last week and the prices of houses are very high. On par with houses in the major cities in Oz and the rent returns are not that good. You maybe able to find a house needing a bit of work and value add but it would not be easy.
Kerwyn.

NZ- Going unconditional – Au- exchange of contract
Kerwyn

Answer in one: False.
Just follow Terry’s advice.
Kerwyn

Hi Redhaven
Why don’t you try to get the vendor to hold some of the money in a second mortgage carry back, say 20%to 30% for 12 months, then use a long settlement period to give you the most chance to find a buyer. This means you will not need a deposit to get finance as your LVR is under 80%. If the worst happens and you can’t get a buyer before…[Read more]

Hi All
I would also like someone to discuss Lease-options in detail. I don’t think they have the same stigma as wraps have and the media has not printed a lot of garbage about L/O as they have with wraps.
Hope someone will explain.
Kerwyn.
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