Buyers presented with too many choices will be unmotivated to buy. Buyers presented with too few choices will quite often decide to fold their money in half and put it back in their wallet. At present the market has just the right balance of buyers and available properties/houses.
Properties that are well presented, that have a prudent budget to promote, and that are fairly priced, are meeting good enquiry and selling in a reasonably short time frame, near the top of our appraisal range.
Interest rates have reached a new low, and for the first time in my memory, fixed five year rates at less than 6% are available.
Despite these ‘incentives’ we are finding buyers prudent and circumspect, this is not a boom time, an orderly market where deaths, divorces, de bank, upsizing and downsizing are driving activity. First home buyers can act rationally and soundly to achieve home ownership.
Yes, every second person attending our open homes is saying “we have always wanted to buy lifestyle in this area, with the expressway coming, we thought we would get in early before the prices inevitably rise” but so far it is a trickle not a torrent!
Quality Of Character 36 Domain Road, Otaki
Truly a landmark Otaki home. With 1429m2 of well located, much treed section, your setting is exquisite. The main house has versatile & spacious living areas, including lounge, dining, family room & office, sprawling out onto the private sunny deck. The master, ensuite, and dressing ensemble are to die for, while two other lovely double rooms share a second bathroom. Adjacent, within caring range is a stylish completely self-contained apartment, itself with generous living areas. Freshly decorated, in great condition. Offers around $475,000
To be sold by Deadline Sale closing 1pm Wednesday 18Th March 2015 (if not sold prior)