Buying or Selling a Property
Buying a Property
Buying a property may be one of the biggest decisions you and your family will make in a lifetime. Paying an extra $10,000 for a property may not seem too much in the heat of negotiations but that $10,000 can balloon to $56,000 over a 20 year term @ 9%p.a. Getting independent valuation advice prior to purchase can save you thousands in the future. Whilst not Structural Surveyors, Registered Valuers are trained to highlight potential problems within the building, on the title or within the district plan. Remember, prevention is better than a cure.Selling a Property
You only get one chance to sell a property. Listing too low costs you money, listing too high costs you time, which can also cost you money. Everyone is keen to give you property advice when it comes to selling your home. Agents are experts at selling property but commission selling puts them in a biased position. A Registered Valuer is totally independent and the fee charged is not dependant on the value of the property. You can pay thousands of dollars in commissions, why not pay a few hundred dollars getting professional and independent property advice.Insurance
Insurance Valuations
Inflation and increases in building costs can cause your present cover to be inadequate. Are you covered? Experience has shown that the effects of inflation and changing building costs can cause reinstatement estimates to date significantly. In the event of a total loss you would expect to be able to rebuild. Inadequate cover at the time of a loss can put you in a very awkward position. We provide Insurance Certificates accepted by all brokers and insurance companies.Leasing
Leasing
Leases are not public information and finding comparable evidence can be difficult at negotiation time.Economic Commentary
The surge in property values through the middle and end of 2020 has continued into 2021 with the mood of all property markets being one of significant buoyancy. This is despite some sectors – most notably international tourism, still feeling the effects.
After a lot of uncertainty post Lockdown as to how the property market would fare during the ongoing Covid pandemic and resultant economic recession, this appears to have evaporated with the mood of almost all property markets being one of significant buoyancy.
The continued Covid-19 pandemic around the world is creating significant economic and financial global ‘headwinds’. Within New Zealand, international tourist numbers are more or less non-existent while other sectors have also felt the impact, such as forestry etc. A drop in New Zealand’s Gross Domestic Product (GDP) is widely expected by economists, with a “recession” now expected in the short to medium term.
The current Coronavirus (Covid-19) global outbreak is creating significant economic and financial global ‘headwinds’. As New Zealand is an ‘exporting’ nation, the impact on forestry and the meat industry has been evident, and Tourist numbers have decreased significantly. A drop in New Zealand’s Gross Domestic Product (GDP) is widely expected by economists, with a “recession” now expected in the short to medium term.