The Star: July 18, 2019

the tlc experience
OPEN HOMES
NORTHCOTE: 54 Northcote Road
Selling thousands below RV: ENQUIRIES
OVER $395,000. 4 beds, 1 bath, 1 living,
1 gge. tlcrealty.co.nz/tlc10015
Open Sunday 12.30-1.00pm
SPREYDON: 41a Bolton Ave
It’s your move: Modern S/A 14 yo T/H,
2/3 bdrm, 2 gge. tlcrealty.co.nz/tlc10016
Open Sunday 1.00-1.30pm
NEW LISTINGS
LINWOOD: 1B Clive Street
Standalone & Standout: ENQUIRIES
OVER $445,000. Modern 3/4 beds,
2 bthrms T/H. tlcrealty.co.nz/tlc10017
Open Sunday 12.00-12.30pm
LINWOOD: 4 Rochester St
A Honey for the Money: ENQUIRIES
OVER $245,000. 2 beds, 1 gge unit.
tlcrealty.co.nz/tlc10018
Open Saturday & Sunday 11.00-11.30am
MORE STOCK IS URGENTLY NEEDED!
SOLD SOLD SOLD
2a Coles Place, St Albans
We can sell yours too, call Rhonda now.
Trish Lawrence
ph 0800 874 745
Licensed Agent REAA 2008
GET A FREE NO OBLIGATION APPRAISAL NOW.
tlc realty limited
Appears every week in
For more information:
Mike Fulham
P 364 7406
E mike@christchurchstar.co.nz
Rhonda Tapp
ph 0508 967 564
Should I sell my house
by myself?
Selling a property is easy, right? All
you need to do is stick a ‘for sale’
sign out front, put a few photos
online and hold a couple of open
homes. Job done! Why wouldn’t
you do it yourself?
The fact that private sales made
up just 10 per cent of all residential
property sales in New Zealand in the
year to July (down from 13 per cent in
2017 and 17 per cent in 2014) might
be a clue that it’s not as simple and
straightforward as you might think.
Research by the industry membership
organisation Real Estate Institute of
New Zealand (REINZ) found that the
median price for properties sold by real
estate agents was 10.9 per cent higher
than private sales.
“Property transactions are big
financial deals and they can get
complicated very quickly,” says Real
Estate Authority chief executive Kevin
Lampen-Smith.
“Selling a home, which is likely to
be your biggest asset as well as being a
physical and emotional roof over your
head, is not like selling a used car or
flogging your unwanted Christmas
presents on TradeMe.”
If you decide to sell your property
privately, you will absolutely save on the
commission that you’d otherwise pay a
real estate agent,” Lampen-Smith says.
“Your target is to get at least close to
what an agent would get for your house.
You pay commission to an agent for
them to get the best price and that extra
value is what they will tell you pays your
commission for you, along with less
hassle on the DIY front.”
You know your property better than
anyone, so you’re in a good position to
‘sell’ its features. You’ll have complete
control over the process because you’ll
be dealing directly with potential
buyers. You get to decide every step
of the process, including choosing the
method of sale and setting the price.
However, with complete power comes
complete responsibility, Lampen-Smith says.
“When you’re selling a property, you
have a legal obligation to share all the
relevant information about it, such as
any issues with the boundary or title, any
unconsented building work or alterations,
any known weathertightness issues
and whether there are any proposed
developments that could have an impact
Oamaru
Home & Property appears every Thursday, delivered FREE
throughout Christchurch
For more information and bookings, contact Mike Fulham
M: 021 300 567 E: mike@starmedia.kiwi
LIFESTYLE PROPERTIES
on a buyer’s access, views or enjoyment.
“If you fail to do this, you could
be in breach of your agreement with
the buyer. This could put the sale in
jeopardy, or the buyer could seek
compensation and take you to court.”
Lampen-Smith says would-be private
sellers will need sharp marketing and
negotiation skills, as well as the ability to
be objective.
“What you think of the property and
what it’s worth won’t necessarily be
shared by potential buyers,” he says.
“It’s easy to sell a property when there
are a few houses for sale and many buyers,
but the market isn’t as buoyant now in
parts of the country as it was a year ago.
Your expectations of price and ease of sale
are aligned with market conditions. These
are things that real estate agents think
about day in and day out.”
If you’re still keen to DIY it, make
sure you’ve got some good advice from
the experts.
“It can be very useful to get an
independent assessment of what your
property is worth, so you can work out
the price you’ll be willing to accept,”
Lampen-Smith says.
“You can research online (for free)
or pay for a registered valuation. We
strongly recommend that you use a
lawyer or conveyancer to handle all the
legal documentation, including the sale
and purchase agreement. You may also
want to consider help when it comes
to preparing the property for viewings,
whether that means engaging a home
staging company who will make it look
pretty, or a trusted friend to run any
open homes.”
Ultimately, there’s no reason why you
can’t sell your own property if you think
you’ve got the time, skills and energy.
You’ll need to be ready to juggle a lot
of things at once – including marketing
and negotiation – on top of your usual
responsibilities. Whatever you do, make
sure you go into the process with your
eyes open.
For independent guidance and
information on buying or selling,
check out settled.govt.nz.
Thursday July 18 2019 The Star 31
Your
Earthquake
damaged
home!
Talk to us if you are serious about
selling your “As is Where is” home.
We have sold over
150 “As is Where is”
homes and we have
a huge database of
qualified buyers.
Phil & Holly Jones
Ph 03-382-2230
Phil 027 435 7711
Holly 027 222 0220
holly.jones@raywhite.com
Licensed (REAA 2008) Results Realty Ltd
RENT ME!
Ideal as an extra
bedroom or office.
no bond required
We have achieved
record breaking
prices recently!
Fully insulated and double glazed for warmth.
Three convenient sizes from $70 a week:
Standard 3.6m x 2.4m
Large 4.2m x 2.4m | Xtra-large 4.8m x 2.4m
Visit our website
www.justcabins.co.nz
for display cabin locations
www.justcabins.co.nz
Home & Business Security • Cameras • Gates & Fencing
Access Control • Alarm Monitoring • Home Automation
Alarms Electrical Cameras Intercoms Auto Gates
Residential and Business Security
Tailor Made Security Solutions
All Your Electrical Needs
Custom Designed Automatic Gates
Innovative Intercom Systems
Pet Friendly Sensors
Security Cameras
Access Control Systems
Electric Fencing
Service and Maintenance
24/7 Fault Service
Locally owned and operated
All faults attended that same day
FREE QUOTES
P: (03) 384 0995 24/7 E: info@actionsecurity.co.nz
www.actionsecurity.co.nz
Local Oamaru & Loyal
4 2 2
DREAMING OF LIVING THE GOOD LIFE?
Price: BEO $769,000
Web: K38GF3
6 3 2
VIEWS, SPACE & STYLE ON 4HA
Price: SBD BEO $779,000 + GST (if any)
Web: MJTGF3
SBD BEO = ‘Sale By Deadline Buyer Enquiry Over’
4 1 3
IDYLLIC COUNTRY RETREAT- 4HA
Price: SBD BEO $829,000
Web: M8AGF3
*
LJ Hooker Harveys Group, based on number of transactions
Call Oamaru’s No. 1 Team For Listing & Selling - Ph (03) 434 9014
Robertson Real Estate Ltd MREINZ - Licensed Real Estate Agent REAA 2008
4 2 2
REDUCED!! REDUCED!! REDUCED!!
Price: $940,000
Web: M39GF3
4 2 3
STUNNING FAMILY HOME
Price: BEO $999,000
Web: J1QGF3
Check out all our listings at www.oamaru.ljhooker.co.nz | Deal with the Best: LJ Hooker Oamaru - The Most Productive Team in NZ *