Mason Parker Mortgagee Marketing Specialist

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

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

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

Harcourts Levin ran 7 commercial mortgagee auctions today – 3 sold on the day with negotiations well under way on 3 more.

Harcourts Levin consultant Tom Childs is pleased with a turnout of 40 people at the auction and active bidding via phonebids and from the floor.

Read more here

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.

Congratulations to buyers, bidders and attendees.