Mason Parker Mortgagee Marketing Specialist

Marketing consultant Barry Needham of Harcourts Levin said buyers saw plenty of potential in this tidy three bedroom home on 736m2. The fact it was in a popular location, close to schools lit the interest up with investors. With an R.V of $200,000 Auctioneer Stuart Pescini bought the hammer down for the mortgagee at $154,000.

This is great buying – you had to be there to be in!!

This is another great Levin Real Estate Story with good active bidding and this Mortgagee Property sold under the hammer.

There were 22 in attendance in the Harcourts Levin auction room.

The Selling Price? – $253,000.00 – well done to the successful purchaser! And to the successful Auctioneer Stu Pescini.

With 180m of house on 1423m of land -this is great buying!! Levin Property is certainly affordable!

The second of two new townhouses – 6 Monarch Mews has sold under mortgagee sale conditions.

Passed in at the auction this property has successfully been sold to a conditional buyer.

Wayne Sutton Harcourts Auction Manager has started his blog http://waynesauctionaction.com  and has started giving some tips on buying at Mortgagee Auctions.

Have a look here Waynes Tips

Congratulations to the vendors and buyers.

I also wish the best of luck to the borrowers in the future

See the listing here – http://www.harcourts.co.nz/pcQSearch?qst=LE10887

http://www.noaddedfluff.com/2009/06/grand-old-awahuri-hotel-has-sold-at.html

WOW – who would’ve thought you could buy a pub for that sort of money!

Good strong bidding in front of the crowd of fifty – great to see the Levin population supporting our Levin based auctions

5 Sherwood Place is up for Mortgagee Auction tomorrow at 12.00 noon at Harcourts Levin 12 Exeter Street, Levin.

This is a great opportunity to get your first rental property – they don’t come along at this low budget very often.

http://masonparker.co.nz/recommends/5sherwood

After 30 groups visited the properties, 50 people attended the May Auctions, including 3 registered phone bidders and a good number of conditional offers – I’m glad to say that LE10848 4 Monarch Mews Levin has Sold.

Congratulations to the new owners and the vendor!

LE10849 6 Monarch Mews is still available for a Mortgagee Sale - there’s still a great opportunity to purchase a good townhouse for Mum/Dad/Nana/Grandad to retire to.

See www.masonparker.co.nz/monarch6 for more details.

Wednesday 13 May 2009 Harcourts Levin held 7 auctions including 3 mortgagee properties.

The room was chocka with people and atmosphere – 48 people present for the mystery draw – well done to the lucky winner and Mike O’Gorman successfully bid on the charity auction with proceeds going to the Harcourts Foundation for use in the Levin area.

The first auction was a mortagee property – 5 Derby St which sold under the hammer at $186,000 – a great result with multiple bids from both phone bidders and the floor. A brillaint of example of property auctions.

Two Mortgagee properties 4 and 6 Monarch Mews were next - passed in at 215,000 and 220,000 respectively – with multiple conditional offers being presented to the vendor on Friday 15 May.

A great result the traffic through all three properties was strong – with more than 30 groups through Monarch Mews its fair to say “the marketing worked to full effect and tested the market”.

Lets see how negotiations progress…

• Wayne Sutton and Stuart Pescini both called auctions and the crowd responded well to both auctioneers
• 60 people present
• Multiple phone bidders
• The rain held off
• Harcourts Levin salespeople were active in the crowd helping buyers and vendors through the process

Come along on 10 June 2009 – next months auction day – its promising to be worth attending

Crikey there are more mortgagee listings in Levin – in itself this is an alarming statement!

Lets look a bit deeper at the data (as per www.realestate.co.nz on 8 May 2009):

• The total residential listings in Levin is at a level of 423 across all residential property types
• There are 5 mortgagee listings in Levin which is about 1.2% of the Levin Market
• The mortgagee properties available consist of one 1 Bedroom property at 5 Sherwood Place (25% of the four 1 bedroom properties on the market) and  four 3 bedroom properties (4 Monarch Mews, 6 Monarch Mews, 5 Derby St and 22 Mabel St) which is 1.8% of all 3 bedroom prperties

As a Harcourts Levin Sales and Marketing Specialist its very pleasing to see Harcourts are dominating the Auction listings in Levin as they are statistically more likley to sell any Levin property right now. April had 25 Levin Residential Property Sales which was approximately 6% of all Levin Properties achieving success. Harcourts Levin auctions are converting 10-11 times more frequently.

HOT NEWS:

4 Monarch Mews www.masonparker.co.nz/monarch4 and 6 Monarch Mews www.masonparker.co.nz/monarch6 auctions are days away on 13 May 2009.

5 Sherwood Place – just listed see it here - Auction 12.00 Noon 10 June 2009 in Levin