Property is unique. Property offers benefits that set it apart from other types of investments (such as shares, managed funds, trust etc). The 5 benefits of property - growth, tax advantages, preferred collateral, security and affordability ...


Don’t Get Ripped Off by Your Real Estate Agent

Don’t Get Ripped Off by Your Real Estate Agent

One of the biggest complaints about agents is that they seem to work for the buyers, rather than the sellers. The agent is concerned with completing a deal so they can get a commission. If this means lowering the seller’s price to complete, then a lot of them have no compulsion to do this. more..




Basics of Property Investment

Property is arguably one of the best investments, especially if the investor can look at the investment on a long term basis, rather than a quick gain over a short period. The gains from property come from holding for growth rather than quick flick deals.


Risks & Profit from Property

It’s easy to see why it is tempting for these people to invest in rental property, in order to produce additional income. The challenge will always be how to earn enough rentals to meet all the rental property expenses yet allow the property to appreciate in value.



Types of Investment Property

Most property in New Zealand have the important features of a good investment, namely capital growth, regular income, as well as tax advantages, liquidity and control. There are four types of investment property in New Zealand.


Buying the Property

Everyone says that location, location, location is the key to success. Others will say that timing, timing, timing is number one. All of those are important but the most important of all is to do your research. Nothing beats doing your homework.



Who will do the Property Buying?

One of the first things to do after making a decision to buy is to seek out and talk to an agent. Most sellers require the services of real estate agents because of their professional expertise that allow purchases to go through without any hitches.


Locating the Property

As an investor, you should be looking for properties which bring in the best rents as well as the best capital growth over the next few years. Before you buy decide which type of investor you are. For capital growth or for income plus some capital growth?



Financing the Purchase

Unless you are in the position of not needing loan money, you need to obtain finance by way of a mortgage for your property purchase. If you already have a mortgage it will still be necessary for the mortgage on the previous property to be discharged.


Completing the Property Purchase

Make sure you don't fall in love with the property. Always keep in mind that you are buying the property as a business proposition. That is, the property has to earn its keep so it is bought with the purpose of attracting good potential tenants.



Managing the Property

If you plan to manage the rental property yourself, you need to get organised because you will need all your management skills, as well as a fair dosage of patience. The best option is having a professional property manager to manage the properties.


Selling the Investment Property

One of the most important things to consider is your price. You may have an idea of what you think it is worth, but at the end of the day it will be priced at what someone else is willing to pay. Make sure you price right to sell.



Who will do the Property selling?

There are four options you can choose from when selling your property. These include selling through a real estate agent, selling by auction, selling it yourself, or selling property via the internet. Select the method that suits you best.


Preparing for the Sale

If you plan to use a real estate agent to sell your house, the easiest way of coming up with a value is through a market analysis. If you are planning to sell it yourself then make arrangements for a professional valuer or appraiser to do the valuation for you.



Completing the Property Sale

In today's real estate markets property owners can expect to receive a number of offers for their houses. Make sure you are fully aware of the procedures involved in completing the sale of your property and finalising the settlement.



Investing in your Home

There is a lot to be said about buying a house rather than renting. Over the years the average NZ house price has risen in value, providing a tax-free capital gain. However, there have also been times when there has been little growth in house prices.


Before you Buy

Everyone says that location, location, location is the key to success. Others will say that timing, timing, timing is number one. All of those are important but the most important of all is to do your research. You canonist do enough research.



Who will do the Home Buying?

One of the first things to do after making a decision to buy is to seek out and talk to an agent. Most sellers require the services of real estate agents because of their expertise and assistance, enabling purchases to go through without any hitches.


Buying the Home

Listings have been in short supply with real estate agents because the demand has been outweighing the supply for the last year or so. This means that if you want to get a deal you can't procrastinate. You have to get in quick.



Completing the Home Purchase

The closing process, which is known as settlement, is nowadays increasingly computerised and automated. Usually the lawyer for the buyer and the lawyer for the seller get together, exchange documentation and pass over the necessary money.


Before Selling your Home

Selling your home can be exciting, but it also takes a lot of work. Fix all those little things you have wanted to fix for many years, but have never been pushed to do. Decide to sell the home yourself or whether you’ll work with real estate agents.



Getting Ready to Sell

It's easy to fix up your property if you have unlimited cash available. For most owners this is not the case, so do what is necessary to attract buyers. That first impression can mean the difference between receiving offers or potential buyers never buying.


Who will do the Home Selling?

There are four options you can choose from when selling your home. These include selling through a real estate agent, selling by auction, selling it yourself, or selling property via the internet. Statistics show that 70% of buyers start their search online.



Advertising your Home

Some marketing efforts carried out by your agents will include advertising, as well as showing the property. One of the largest expenses you have could be the advertising in the local papers. There are other mediums, such as the Internet, radio and TV.


Completing the Home Sale

In today's real estate markets property owners can expect to receive a number of offers for their homes. There is still a demand for good residential property, even if things have cooled off a little. Make sure you complete the deal properly.



Warnings about Property

The worst mistake that homebuyers make is one of the worst mistakes people in society make - they go into too much debt. Debt rarely leads to security. The first aim of all families should be to own their own family home debt free.