Real Estate

CV or GV (Government Valuation) Does Not Equal Value

In Auckland the latest Government Property Valuations have now been released and people are screaming “My GV is too low!”, or too high.  As you can see by this article published nzherald.co.nz here

The fact is Government Valuation (GV), or Capital Value (CV), is NOT equal to the value of a home.  It is compiled chiefly for rating purposes.

The GV always confuses everyone because it has the word ‘Valuation’ in it.  It’s very important to understand how the Government Valuations are created now days.

Historically a certified valuer would actually go through every  home with a clipboard and make note […]

2019-01-16T06:32:21+13:00By |
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10 Things You Should Not Do When Buying A Home

Even when you have great credit, there are things you can do to make lenders think twice about approving your mortgage loan.

Most people focus on the initial credit check when applying for a mortgage loan, but that’s only the pre-approval stage; as the bank underwriters scrutinize your history they’ll ask for updated financial, employment and credit information. There are plenty of things you should not do until you go to settlement;

1.Don’t change your job before applying for a home loan. Along with that, now is not the right time to become self-employed or quit your job. You want to show […]

2019-01-16T06:32:21+13:00By |
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Miss a bill payment and you’re screwed for a mortgage!

There are some very important changes to the Credit Reporting Privacy Code 2004 that have just been announced by the Privacy Commissioner. These changes relate to how a consumers credit rating is reported.

In the past your credit rating was simply reported negatively if you had a loan, you didn’t make your payments on time and it was sent to a debt collection agency.

As of April 2012 that is changing.

In a nut shell, all monthly credit payments will now be reported on. Below is an excerpt from the announcement from the Privacy Commissioner.

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In six months time, whether people pay their […]

2019-01-16T06:32:21+13:00By |
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Missing In Action…

Hi Everyone,

Sorry for the lack of posts in the last week. Let’s just say I have been missing in action!

We had a new property hot the market last weekend and the level of interest was phenomenal! After 2 x open homes and 45 parties through the property, we presented the owner with six offers and we were sold unconditionally by Tuesday evening.

JUST SOLD – Asking Price $775,000 PLUS.
6 offers presented to the owner after the first weekends open homes.
Sold Unconditionally for […]

2019-01-16T06:32:21+13:00By |
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The Pitfalls of Selling Privately

Many homeowners think that selling their home alone without the help of a North Shore Real Estate Agent will help save them money in the end. The fact of the matter is that selling your home on your own isn’t easy work. In fact, you may actually lose a substantial amount of money when you aren’t formerly trained in the business of real estate.

A North Shore Real Estate Agent can not only save you money, they can save you time and stress so that you can make the transition from one house to the other as smoothly as possible.

 

Putting Your […]

2019-01-16T06:32:22+13:00By |
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Divorce and Your North Shore Real Estate

Divorce is hard enough without having to deal with the frustration of dividing assets. However, when it comes to valuable items such as property, you need to make sure you’re taking the logistical steps necessary to appraise and distribute your North Shore real estate.

Determining Value

• Hire a Registered Valuer– If you and your soon-to-be ex can’t come to an agreement on the value of your home, then you might want to consider employing an appraiser to come to a decision for you.
• Get help from a real estate agent – A more cost-effective, but maybe not the most precise, way […]

2019-01-16T06:32:22+13:00By |
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Buying North Shore Real Estate with Great Resale Value

Whether you want to purchase North Shore Real Estate to live in for several years or to resell quickly, location will certainly play a role in its resale value. Chances are that you may not live in the same North Shore home your entire life, so location and resale value may be important considerations when purchasing a home.

Neighbourhood

The most important step in finding North Shore Real Estate with resale value is choosing the right neighborhood. One of the first things you may want to consider when researching a neighborhood is the economic stability of the neighborhood.

A desirable area will:

  • Possess a […]
2019-01-16T06:32:22+13:00By |
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4 Questions to Ask Before Lending Money to Your Child to Buy Northcote Real Estate

You’ve reviewed your finances and have decided you can afford to and want to help your child buy Northcote real estate. Is lending the money to your offspring your best option? Here are some questions to consider when making this decision.

1. Will you need the money later?

If there’s a chance that you might need the money to live on at some point, lending the money to your child is a better option than giving it to them. You can always forgive part of the loan later on, […]

2019-01-16T06:32:22+13:00By |
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Dressing Your Birkenhead Home For Sale

If you’re looking to sell quickly, you must have the better-looking home in the bunch. Your home must have curb appeal to the widest clientele. When that first potential buyer drives up and parks at your curb it won’t take long for them to form an opinion and you’d better hope it’s favourable.

Birkenhead Real Estate Agents know that a buy or don’t buy decision is frequently made with that first impression; If the initial opinion of your home is favourable, potential buyers will continue their walk through thinking positive thoughts. They will be looking […]

2019-01-16T06:32:23+13:00By |
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Crack the Advertising Code of North Shore Homes for Sale

Real estate has a language of its own, and I don’t just mean phrases like closing costs, short sales and foreclosures.  What I’m talking about are buzz words used to advertise North Shore homes for sale.

When you understand the typical meaning of these code words, you’ll be better able to determine which North Shore homes for sale are worth looking at in person.

  • Cozy:  Look at this home if you don’t mind a much smaller than average home.
  • Rustic:  If you want […]
2019-01-16T06:32:23+13:00By |
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