Using Your RE Agent: Don't Get Bullied! Say Property Ventures

Using a knowledgeable Real Estate Agent for selling your property is very important and can make you a lot of money. On the other hand, if you don’t have a good agent, you can lose a lot of money. Property Ventures Real Estate is a Property Sellers and Property Buyers Agency with a difference. It used to be a Buyers Agency only but now sells Real Estate the more traditional way, specialising in both normal residential property or commercial property as well as Property Investing. They cover most of New Zealand Property with specialists covering Auckland Property, Waikato Property, Bay of Plenty Property, Wellington Property and Christchurch Property.

Property Ventures’ Mark Honeybone says he is frustrated to have heard stories about sellers who have gone to Real Estate companies only to be told blunt lies. As Mark tells it, “Last week I was told about a real estate company who was signing a potential client to a short auction program of two weeks and saying that they had to have the property listing with them for three months. Rubbish! Sounds like this real estate company has no confidence in their sale systems or auction process. An auction should be well advertised and prepared for and if it doesn't sell on the day, the real estate company should have conditional buyers ready to buy. Why do they need another 75 days (two and a half months) to sell the vendors’ property? Bullies!” 

When you’re selling your property, the main goal should be having as many eligible buyers knowing about your property being on the market. This is your RE agent’s job and if they can’t do it (or have limitations), you should find someone else. This comes back to how experienced they are, but more so where they advertise, which determines who finds out about your property. This is where private sellers sometimes miss out.

Mark explains that the three main reasons property doesn’t sell are there is something wrong with the property, it is overpriced, and/or it is poorly advertised with little exposure. Regarding different types of selling techniques, a private sale is the cheapest way, but you probably won’t be exposed to as many people as with a RE agent. Selling at auction is still a good way to go, if you have more than one serious buyer, and selling with a price may indicate the price range to buyers but the property must be priced correctly. Price by negotiation annoys some buyers, but Mark uses this technique to gauge a property’s true value, which can then produce a multi-offer situation.

Property Ventures Real Estate advertise to the same media as larger companies but have their ‘unfair advantage’ advertising to thousands of investors that don’t even know their place is on the market until they are told. By default, they get the best price. For more information on selling your property, buying property in NZ and buying property in Auckland please go to http://propertyventures.co.nz .