The Star: June 01, 2017
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40 Thursday <strong>June</strong> 1 2<strong>01</strong>7<br />
Latest Christchurch news at www. .kiwi<br />
Open Homes<br />
Come to an open<br />
home or make a<br />
time to view.<br />
Avondale: 26 Cowes Street<br />
Priced To Moo-ve On Cowes: Solid 3 bdrm<br />
family home. Modern kitchen, spacious<br />
living. Large deck. Dble garage. Extra<br />
parking. Enquiry over $379,000<br />
Sunday 1.00-1.30pm<br />
Avonhead: 31a Rosedale Place<br />
Owner Anxious To Sell: Nest or invest.<br />
2 dble bdrm rear townhouse in Burnside<br />
& Merrin St school zones. Make an offer.<br />
Enquiry over $345,000 (RV $355,000)<br />
Sunday 11.00-11.30am<br />
Linwood: 1a Clive Street<br />
Affordable, Sizable & Practical: Very tidy<br />
3 dble bdrm home. Modern kitchen, new<br />
paint, carpet. Off street parking.<br />
Great value for money.<br />
Sunday 12.00-12.30pm<br />
North New Brighton: 12 Saltaire Street<br />
Get On <strong>The</strong> Property Ladder : Must be sold.<br />
2/3 bdrms. Woodburner on wetback.<br />
Re-wired, re-roofed, re-painted. New dble<br />
garage. Enquiry over $375,000 (RV $375,000)<br />
Sunday 2.00-2.30pm<br />
Do you know<br />
the current<br />
value of<br />
your home?<br />
Find out,<br />
call Trish<br />
now for a<br />
free appraisal.<br />
Trish Lawrence<br />
ph 0800 874 745<br />
Initial Realty Ltd<br />
Licensed Agent REAA 2008<br />
Real Estate<br />
CHELSEA STREET<br />
LINWOOD<br />
2 bedroom, can be<br />
renovated or demolished,<br />
land 608m2, offers<br />
around $170,000<br />
ph 03 960-0363 or<br />
021 073-6668<br />
Trish donates<br />
to Camp Quality<br />
Real Estate<br />
CARAVAN 28ft<br />
American, with perm<br />
annex, set up as perm living<br />
at Riverlands Holiday<br />
Park, 45 Doubledays Rd,<br />
Kaiapoi, sleeps 4, fridge,<br />
tvs, gas underfloor heating,<br />
heatpump in annex, nice<br />
outdoor living, small<br />
garden, carport, open day<br />
every Sunday from 1 to<br />
3pm $150,000 ono, ph 03<br />
327-4574 or 027 428-3065<br />
CARTERS Beach<br />
Westport, 2 x 2 bedrm<br />
flats, needing tlc, live in<br />
one & rent the other, GV<br />
$180,000, offers over<br />
$125,000, ph 03 547 8136<br />
Home<br />
& Property<br />
Buying a property at auction<br />
If you’re keen on a property that’s<br />
going to auction, preparation is<br />
everything. A successful bid means<br />
you are immediately committed to buy<br />
the property; you cannot seek legal<br />
advice, arrange finance or even get the<br />
property valued or inspected when the<br />
auction is over.<br />
That means you need to do all your<br />
due diligence in advance of auction<br />
day. Before the auction (usually after<br />
you’ve viewed the property), the real<br />
estate agent working for the seller<br />
should provide you with a copy of the<br />
terms and Contract of Sale, which sets<br />
out what chattels will be included with<br />
the property. This document will also<br />
tell you the amount of the deposit to<br />
be paid by the successful bidder, and<br />
when the balance of the payment must<br />
be made. <strong>The</strong>se documents should be<br />
checked by your lawyer.<br />
You should consider having<br />
the property checked (preferably<br />
by a qualified inspector who has<br />
professional indemnity insurance and<br />
carries out their work in accordance<br />
with the New Zealand Property<br />
Inspection Standards and obtain<br />
an up-to-date Land Information<br />
Memorandum (LIM) from the local<br />
council. It’s a good idea to get a<br />
valuation of the property, especially<br />
as you are likely to require one if you<br />
need a loan. Some websites provide free<br />
estimated market values that may be<br />
useful.<br />
<strong>The</strong>re’s a lot to take in at an auction<br />
and it’s easy to feel overwhelmed. If you<br />
can, go along to one as an observer to<br />
see how the process works before you<br />
actually want to buy. Remember that<br />
the auctioneer is working for the seller<br />
and they want to get the highest price<br />
possible for the property.<br />
At an auction, the auctioneer will<br />
read the terms and conditions of the<br />
sale aloud and announce if a reserve<br />
price has been set. <strong>The</strong>y must also state<br />
whether the seller has reserved the<br />
right to bid during the auction. This is<br />
called ‘vendor bidding’ and it is only<br />
allowed under strict circumstances,<br />
such as when the property being<br />
auctioned has a reserve price; when the<br />
NEW LISTINGS<br />
Home & Property appears<br />
every Thursday, delivered FREE<br />
throughout Christchurch<br />
For more information<br />
and bookings, contact<br />
Mike Fulham<br />
M: 021 300 567<br />
E: mike@starmedia.kiwi<br />
reserve price has not yet been met; and<br />
the auctioneer has made it clear that the<br />
bid being made is a vendor bid. <strong>The</strong>y<br />
must do this by saying, ‘this is a vendor<br />
bid’ rather than using any jargon.<br />
Auctioneers sometimes use vendor<br />
bids as a way to start off the bidding,<br />
or to move the bidding towards the<br />
reserve price. Vendor bids can be made<br />
by the auctioneer, or another person<br />
working on behalf of the seller, such as<br />
a real estate agent. An auctioneer can<br />
also use a pre-auction offer to start the<br />
bidding.<br />
<strong>The</strong> auction continues until there is<br />
only one bidder left. At that stage, if the<br />
reserve price is reached or beaten, the<br />
highest bidder will be the successful<br />
buyer. If the reserve price isn’t reached,<br />
the seller can tell the auctioneer to<br />
stop the auction without selling the<br />
property.<br />
If the auction is stopped without a<br />
sale, the highest bidder may have the<br />
opportunity to negotiate with the seller<br />
(via their agent) after the auction. If<br />
this happens, the terms and conditions<br />
of the auction no longer apply and you<br />
can negotiate new ones.<br />
For independent advice on<br />
buying property, check out www.<br />
buyingahome.reaa.govt.nz.<br />
Your Earthquake<br />
damaged home!<br />
<strong>The</strong> <strong>Star</strong><br />
Talk to us if you are serious about<br />
selling your “As is Where is” home.<br />
We have sold over<br />
100 “As is Where is”<br />
homes and we have<br />
a huge database of<br />
qualified buyers.<br />
Phil & Holly Jones<br />
Ph 03-382-2230<br />
Phil 027 435 7711<br />
Holly 027 222 0220<br />
phil.jones@raywhite.com<br />
We have<br />
achieved record<br />
breaking prices<br />
recently!<br />
Licensed (REAA 2008)<br />
Results Realty Ltd<br />
www.firsthomes.nz<br />
chchsales@firsthomes.nz<br />
3 Bed, 2 Bathroom<br />
Double Garage<br />
$285,000<br />
Oamaru<br />
VERY CHIC IN MAHENO<br />
Price: $279,000<br />
Web: ENSGF3<br />
3 1 2<br />
PRIVATE IN WESTON ON 2 TITLES<br />
Price: SBD BEO $395,000<br />
DESIRABLE LOCATION & PRICE<br />
Price: SBD BEO $419,000<br />
CASA NOVA HOUSE<br />
Price: BEO $1M+GST (if any)<br />
Web: FZBGF3 3 1 3 Web: G28GF3 3 2 1 Web: FUTGF3 4 3 -<br />
SBD BEO = ‘Sale By Deadline Buyer Enquiry Over’<br />
*<br />
LJ Hooker Harveys Group, based on number of transactions<br />
Call Oamaru’s No. 1 Team For Listing & Selling - Ph (03) 434 9<strong>01</strong>4<br />
Robertson Real Estate Ltd MREINZ - Licensed Real Estate Agent REAA 2008<br />
FAMILY SIZED SECTION-SUBDIVIDABLE<br />
Price: BEO $49,000<br />
Web: FY0GF3<br />
Check out all our listings at www.oamaru.ljhooker.co.nz | Deal with the Best: LJ Hooker Oamaru - <strong>The</strong> Most Productive Team in NZ *
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