Houses for Sale in Auckland
As with all major cities, Auckland cannot be treated as a single residential real estate market, and those looking to either buy or sell must first begin to understand the operation of the specific market they are targeting.
For those looking to purchase a house for sale in Auckland the job in the first instance is made reasonably straight forward by the internet – a suburb search on any major search engine should bring up a large majority of available properties in that specific location.
The one flaw is that it is very difficult often to identify how long any one specific property has been on the market.
It is axiomatic that one does not want to purchase a property rejected for a long period by others unless there is a genuine price discount.
Every property purchased, must one day be sold and the time on the market, all other things being equal, will indicate the popularity of that specific property.
On the other hand, someone with the ability to remedy specific short comings, i.e. weather tightness issues, lack of street design appeal etc., may specifically seek houses for sale in Auckland which have been on the market for extended periods to “fix them up”, thereby making capital gain.
Research over an extended period in the Greater Ponsonby region clearly shows that those looking for houses for sale in that part of Auckland primarily go to the Saturday editors of NZ Herald Homes, perusing the pictorial ads for current available properties.
It is logical that certain geographic features will affect the overall value of homes for sale in Auckland with the harbour, CBD, north sloping headlands etc. generally demanding higher values.
If a buyer has school age children, proximity to desirable schools, particularly secondary schooling, may be a determining factor in purchasing houses for Sale in Auckland.
There is a huge width of perception between the very best schools and the least desirable.
A search of the Education Review Office website, reading school’s ERO reports may be a good starting point for those keen to identify the best schools, prior to commencing their search for houses for sale in Auckland.
One other factor when searching for houses for sale in Auckland is the assurance as a buyer that you are dealing with a serious seller.
A great deal of time and money can be wasted on a seller who is “just testing the waters” and has a price expectation well above the market.
So how do you tell?
Given that there are some serious costs associated with a comprehensive marketing campaign, the very word “auction” usually indicates someone seriously on the market.
In the Greater Ponsonby region, over the past 12 months approximately 90% of properties taken to auction, sold.
This compares with approximately 70% being sold by various “tender” processes and 60% for other forms such as “by negotiation” (no price) or by pricing property,
Not all houses for sale in Auckland are equal in terms of genuinely being available to serious, intelligent, informed purchasers.