From the desk of Greg Purcell
We are now launching into 2012 in a reasonably busy enough fashion, the weather has come right, the Rena saga continues, but you would think the end is in sight, and there are some positive noises coming out of the kiwifruit industry with regard to some vine resistance to P.S.A.
So where does that leave you, the Real Estate Seller in the Western Bay of Plenty?
I’m supposing some Vendors have some crucial decisions to make. If the property market will not meet their expectation and the Sellers will not adjust to the market expectations, there is a fork in the road.
Do we keep our property on the market or do we take our house off?
That of course is a question that can only be answered by the owners, but I would say two things.
1) If you are not getting any buyer interest at the price level that you are currently sitting at, then Time will not change this as a serious lift in Real Estate value/price is an unlikely scenario in the short to mid term.
2) With the serious buyer enquiry we are getting on properties that are well positioned and advertised, it is imperative that any Vendors not receiving an acceptable level of interest need to sit down with their salesperson and/or myself and look at what can be done. There are plenty of solutions, answers and options available.