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!!

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

Welcome to Waynes comprehensive weekly list of Distressed and Estate sales.

All  properties 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

   0274 421 915    or email wayne.sutton@harcourts.co.nz

Regards,

Wayne Sutton