Research is showing that 95 % of all property purchasers are utilising the internet and according to a major independent Real Estate website the number one phrase used in searching for property is the word “mortgagee.” However we have made it easy for you as our latest mortgagee sales are found here
Last month I mentioned that buyers are re entering the market place.It is interesting looking at the national statistics which show 3706 sales in January (must be the lowest on record) then 5208 in February and now 6694 in March. About 1000 more than March last year.
Investor buyers and entry level buyers have re-entered the market on mass where there is real value for money.Therefore, if you see something on the list that appeals do not wait to see what happens as the environment has changed over the past six months.
New to the market is an estate sale in popular Sunset Terrace at Waikanae Beach. Great buying in this location and a mortgagee sale in Levin at 5 Derby Street and an estate sale at 103 B Winchester Street. Contact Mason Parker Harcourts Levin Sales and Marketing Specialist on 06 368 9449 if you’d like to view these properties.
In Gracefield, Lower Hutt we have a one bedroom ground floor attached unit situated at 121 C Bell Road – this could be the cheapest property you buy for a while.
REMEMBER; if you have any questions don’t hesitate to call me Wayne Sutton Harcourts Auction Manager on 0274 421 915 or email wayne.sutton@harcourts.co.nz
There has been a lot of anecdotal eveidence suggesting mortgagee as a Keyword draws more searches from buyers.
After listing 4 and 6 Monarch Mews as ligitimate Mortgagee Sales I would have to agree.
Comparing 4 Monarch Mews harcourts hits to other Harcourts listings – the traffic around the two listings at 4 and 6 Monarch Mews is significantly higher – even when compared to other auction listings.
Funnily enough though the current trends indicate that the mortgagee spike might be flattening – Alistair Helm makes a good reference here
Traffic through 4 and 6 Monarch Mews has been strong and the modest marketing package applied is certainly working to good effect with both strong web traffic and foot traffic through the Sunday 1 to 1.30 open homes.
The graph provided by Terralink and www.realestate.co.nz suggests that nationally mortgagee sales are on the rise (quiet significantly if you look at this graph). What I must say to moderate the extreme reaction I had when I saw this was note the jump is from 2% of sals nationally to 4% of sales nationally.
There has been a bit of a up-and-downward trend in the last few weeks but the trend supports a distinct rise in mortgagee activity.
Interestingly there has also been an increased use of proactive/enthusiastic sales people using the keyword Mortgagee in their ad copy to inflate the chance of mortgagee buyers finding their non-mortgagee listings.
This trend is an observed trend in Mortgagee Sales …the obvious question is what about listings?
Well, its pretty obvious that there is a distinct and consistent rise in both national listings and national sales.
With the increase in the use of Mortgagee as a keyword by proactive/enthusiastic salespeople who are tying everything they can to get buyers to view their listings — I ran a search of Levin Residential properties for sale to see if this was occurring here and was pleased to see the listings that showed were genuinely Mortgagee Listings.
Welcome to Waynes comprehensive weekly list of Distressed and Estate sales.
Allproperties new to the list are highlighted.
You can view our listings for Distressed/Mortgagee sales HERE
Auction Managers Comment
A couple of weeks ago I mentioned to watch the interest rate changes as they should stimulate the market.Well it certainly has and the rush on people trying to long term fix from what I can gather is unprecedented.
Over the last two weeks our Auction rooms in the Hutt Valley, Levin and Paraparaumu have been packed with active interest, so from me its official the buyers are back.
Of interest that is new this week is 2 BRAND NEW 3 bedroom townhouses in Monarch Mews (off Queenwood Road) in Levin. Nice to see town houses with double garaging, RV is $285,000, however they are Mortgagee Auctions so have to sell.
From Waikanae we have an Estate Sale in Nimmo Avenue East.A 2 bedroom home with separate fully self contained flat, built in the 1970′s and with an absentee vendor wanting a quick result this will certainly create an interesting Auction.
Till next time Happy Buying.
REMEMBER; if you have any questions don’t hesitate to call me on
Two lovely properties with brilliant features including ensuites, studies, internal access double garage, low maintenance brick, aluminium joinery and colour steel tile roofs.
They are in a great location – being within easy walk of well-respected Fairfield School.
This is an opportunity not to be missed – two or maybe one very lucky buyer will secure two briliant homes for less than build cost.
Come along to the 1.00pm Sunday Open Homes and do your research before 13 May comes around – it will come quickly.
I’ll update this post when I have uploaded my videotour.
Harcourts Levin ran a tight ship with the big screen show complimenting the auctioneers calls, two auctioneers (Stu Pescini and the National Colliers Auction Manager) and Harcourts Auction Manager Wayne Sutton in support.
Stu Pescini calls another successful Mortgagee Auction at Harcourts Levin, 12 Exeter Street, Levin 18 March 2009.
With more than 50 people present the room was alive with atmosphere and bidding was strong. The new wide-screen monitor helped keep buyers focussed on the property until the call came “…Going, Going, GONE.”
A great result! If you’d like to clear a bad debt – call Mason Parker Harcourts Levin Sales and Marketing Specialist 06 368 9449
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Posted by Wayne Sutton
