Understanding Property Valuations
How much is this property worth? It’s a common (and smart) question to ask. Recently we’ve noticed a lot of confusion when it comes to property valuations. It’s understandable because there many different ways that people value property. Here are three of the more common ones: Capital Value Capital value (also known as Rateable or Council Value) is set by your local council and determines how much your annual rates charge is. Capital value …
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Is Now a Good Time to Sell?
Q: Now that our children have all grown up and left home we want to downsize from our current property in Parnell to a smaller property. We are worried though that if we sell we won’t be able to find anything we like. What options do we have? Margaret B. A: This is a very common question these days Margaret, especially with the shortage of houses on the market in Auckland right now. Obviously, you have two choices: Sell first then buy, or b…
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Thinking of Downsizing?
Q: Now that our children have all grown up and left home we want to downsize from our current property in Parnell to a smaller property. We are worried though that if we sell we won’t be able to find anything we like. What options do we have? Margaret B. A: This is a very common question these days Margaret, especially with the shortage of houses on the market in Auckland right now. Obviously you have two choices: Sell first then buy, or bu…
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Q: We are a young couple recently returned to NZ from overseas. We’d heard about how prices have increased but weren’t prepared for how little you get now for your money. And the competition at auction! Scary stuff for us first home buyers: Any suggestions? Mark & Rachel A: Getting a foothold on the property ladder is certainly not easy – particularly these days with property prices above the amount most people’s salaries can cover.Repor…
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