0800 500 123 www.mikepero.com

With the first half of the year now behind us and with winter in full swing, it’s a great time to take advantage of what the seasonal market has to offer.

While many consider holding off the sale of their home until spring – don’t be fooled – winter is still a great time to sell your property.

There are plenty of buyers out there at the moment and we’re always looking for new properties to take to the market.

In the winter edition of our newsletter, we look at the

advantages of selling your home in winter, Mike discusses the recent interest rate increases and you can go into the draw to win a $1000 Briscoes voucher.

REINZ June 2014 statistics noted that there were 5,763 dwelling sales across the country for the month of June.

The national median price was $427,250 - this is an increase of $33,250 compared to June 2013, but a fall of $2,750 from May 2014.

Embrace the winter months and take advantage of what the property market has to offer.

If you are thinking about buying or selling in the near future then we would love to assist you in this process.

Feel free to call either Alison on 027 431 3586 or Lorraine on 027 498 4393.

Best wishes,

Property Talk with Mike Pero Belfast JULY / AUGUST ‘14

Mike Pero Real Estate Ltd Licensed REAA (2008)

$6,000 MARKETING

PACKAGE FREE

When you list your home for sale with us! PLUS a very fair commission rate — 2.95%**

that could save you thousands.*The Marketing Package is exclusive to Mike Pero Real Estate and the value is defined as the cost for a member of the public to achieve the same package including the production and on- air costs (creative, filming, presentation & photography) for a 15 second TV Commercial on either TV3 or TV One through an advertising agency at normal market rates. We may also provide other advertising at no cost to the customer. Exclusive listings with photography that meets with the company’s requirements. The company reserves the right of refusal if property is unsuitable for TV. This could include signage, print and online but may also vary on a case by case basis. Terms & Conditions apply. **Our fees are 2.95% up to $390,000 thereafter 1.95% + admin fee + gst. Rates, fees, terms & conditions may vary between brands, branches and specific transactions.

*

0800 500 123mikepero.com

$6,000 MARKETING

PACKAGE FREE

When you list your home for sale with us! PLUS a very fair commission rate — 2.95%**

that could save you thousands.*The Marketing Package is exclusive to Mike Pero Real Estate and the value is defined as the cost for a member of the public to achieve the same package including the production and on- air costs (creative, filming, presentation & photography) for a 15 second TV Commercial on either TV3 or TV One through an advertising agency at normal market rates. We may also provide other advertising at no cost to the customer. Exclusive listings with photography that meets with the company’s requirements. The company reserves the right of refusal if property is unsuitable for TV. This could include signage, print and online but may also vary on a case by case basis. Terms & Conditions apply. **Our fees are 2.95% up to $390,000 thereafter 1.95% + admin fee + gst. Rates, fees, terms & conditions may vary between brands, branches and specific transactions.

*

0800 500 123mikepero.com

Mike Pero Real Estate Ltd Licensed REAA (2008)

Alison Helms & Lorraine Sheard027 431 3586 • 027 498 4393 alison.helms@mikepero.comlorraine.sheard@mikepero.com

REINZ regional data for June 2014 has found that the me-dian price trend continues to improve, although the sales volume trend is now falling.

The days to sell trend is now easing, with the overall trend for the region remaining steady.

Compared to May 2014, sales volume fell 13%, with sales down more than 20% in most parts of the region.

The median price increased by $44,900 (+12.3%) com-pared to June 2013 with prices rising by 13% in Christ-church and by 8% in Timaru.

The number of days to sell improved by one day com-pared to May, from 34 days in May to 33 days in June.

REINZ Regional Director, Tony McPherson commented that, “first home buyers are becoming more active in the market, with continuing good demand from investors. Vendor expectations remain stable, although offshore vendors appear to be more aggressive on price. The pool of listings is steady given the time of year.”

What’s Happening in the Market?Sales volume across the region fell 1% compared to June 2013. There were increases of 14% in Rangiora and 1% in Christchurch however there were falls across the rest of the region.

Source: REINZ

Median Price Breakdown - June 2014

Mike Pero Real Estate Ltd Licensed REAA (2008)

*The winner will be drawn on September 1 and will be contacted by phone and notified accordingly. The voucher is valid for 12 months. It can only be redeemed in store and it is not redeemable for cash. The Judge’s determination of the Winner will be final and no correspondence will be entered into.

$430,000

$400,000

$358,000

$265,000

$284,000

$207,500

$180,000

Christchurch

Rangiora

North Canterbury

Mid-Canterbury

Timaru

South Canterbury

West Coast

Thinking AloudThere’s no doubt that interest rates have risen and yes (sadly) they may rise again - but don’t be deterred. Interest rates have risen and fallen for centuries and up until recently, interest rates on home loans were at a 50-year low. Most floating rates were at 4-5% and it seemed too good to be true. But despite what the media might say, I truly believe home ownership in New Zealand is still very aff ordable. The rates are currently increasing in 0.25% increments and I don’t consider this the end of the world. Maybe buy one less coff ee every couple of days, or if you’re a smoker, here’s a good reason to stop now - you’ll increase your life span too. Look at it this way, a 0.25% increase on $100,000 means paying an extra $250 a year (68c a day) and a 0.5% increase on $100,000 is an extra $500 ($1.36 a day) per year. It’s all good.

WIN a $1000Briscoes Gift Card*

We always like to know what you think and if there is anything we can improve on. Let us know your thoughts online and you could win a $1000 Briscoes gift voucher.

www.mikepero.com/survey

Taking advantage of the winter property marketWith the colder months of winter having arrived, the property market also has a tendency to cool off , with some sellers tempted to hold off until spring and summer to sell their property. However, there are some distinct advantages to selling your home during the winter months.

There are generally fewer listings on the market during winter however this can open your home to greater exposure. A lack of listings can also result in increased buyer competition. The colder conditions should filter out any tyre kickers or nosey neighbours – instead attracting those who are serious buyers that have the intention of making a purchase.Here are some great ways to maximise the viewing potential of your home during the winter months.

HeatingBy selling your home at the coldest time of year, you have the opportunity to showcase all of your winter warmers and demonstrate that they are working and ready for the purchaser to use. Buyers will ask themselves if it felt

cold while looking through the house and they’ll look for functioning hot water and heating systems. Heating is of particular appeal if you are selling an older house and it can be a pivotal factor when a buyer looks to make their home-buying decision.

LightingWith winter comes colder temperatures, shorter days and less natural light. A lot of people who are thinking about attending an open home will often drive past the property in the evening and nothing looks better than a house lit up at night time. Therefore it’s a good idea to set timers up for those night time drivers.