proprty investment.

Ari Those vanities and other fittings just show off the amount of money they cost. But do not make the house a nice place to live in. More suited to restoration of an english statley house or a french chateau. Than a modern NZ home and a house in that price range without a modern two door fridge with icemaker etc. is not ideal. And that is what the customers are trying to tell you when they offer $200000.00 less than you are asking. But you can bury your head in the sand.

[Dough Boy]

quote:Originally posted by ari

quote:Have already made 18% in 9 months based on QV valuation

Good gain for not so much capital, but at the end of the day we ain't made nothin, till that cheque book is prised out of that pocket

I think that is the problem you are most surely are faced with a $889,000 price tag.

[rmbbrave]

Ari,

You are dreaming asking nearly $900,000 for that house. You could buy 9 Sealegs boats for that and I have difficulty seeing why anyone would even buy one.

[ari]

quote:You are dreaming asking nearly $900,000 for that house.

I'm not, price is going to be pulled back as I've found 27 acres. Price was set by 2 leading Realty firms originally at $902k.
Here's a spec list to show there is something for your money....
Smeg SA70X fan oven with rotisserie
Delonghi DGHS70Wi built-in 5 burner gas hob
Robinhood range hood
Fisher & Paykel WD1002 waste disposal with air switch
Fisher & Paykel active smart S/S refrigerator
Fisher & Paykel S/S DD603 double dishdrawer
Oliveri twin sink with accessories
Granite bench top by Stone Warehouse
Tiled splash-back
Linen pattern stainless steel rear bench

BATHROOMS
Englefield polished alloy showers
Englefield spa bath
Villeroy & Bosch vitreous china pan & cisterns toilets
Heirloom butler basins
Scope heated towel rails x 2
Heirloom heated towel rail x 1
Devi programable under floor heating in bathrooms (with floor sensors)
Quality Grohe tapware
Vanity unit design by Design Studio
Tiling by Italian Ceramics with tiles from Tile Warehouse

Electro-Guard security system (5 infrared sensors)
Communication/Sky wiring throughout
Sky digital dish
Analog TV Ariel
Surround sound wiring
TV points = 8
Telephone points =9 (2 lines in = 4 pairs)
RCA points = 2 x 8
Surround sound speakers
Power points (double) = 30 (single) = 8
Stair lights = 7
Lighting design by Albany Lighthouse
External sensor lights x 2
Real Fires balanced flu gas fire with BOC gases twin pack system
Gas bayonet fitting family room
Sound proofing batts and additional batts internal walls and floors
Feature rock wall on front boundary & 1.8m high wooden boundary fence
Kwila floor kitchen (supplied by South Pacific Timbers) (5 coats polyurethane)
Kwila deck (supplied by South Pacific Timbers)
External glass/alloy balustrades by Aluminium Technolgy (tinted glass & colour keyed hardware)
Kiwivac internal vacuum system (5 outlet points)
Ashton Garage ripple panel door with 2 remotes
Robin Hood S5000 Supertub
Quality Grosvenor door hardware
Design Studio decor, internal & external
Dux mains pressure hot water system
Hills Paraline-Duo clothesline
Wrought iron powder coated Internal balustrade & hand rails by Bailey Engineering
Built-in wardrobes by Wardrobes plus
Hardies Linea weather boards
Insulclad cavity, approved plaster system
Dulux paint throughout
Coloursteel roof

[clips]

mate you can have all the specs in the world, realty firms can tell you its worth $.....whatever - really the bottom line is that its only worth what you can sell it for.

The design company let you down. You might like the design but others Don't.

[ari]

Enigma-Advanced memeber...advanced alright.

quote:You might like the design but others Don't.

What a load of crap you talk...first the bathrooms now the design.
Yep, if sold for reasoable price will definately lift the benchmark for the area. Just sold another property, lk away $50k up on what the agents were saying because it was different to local area houses in that it was 360m2 with 5 car garaging, but the agents put it in the one pot for their valuations.
As I write new owners are moving into house next door, circa early 50's, little done to it over the years, no view $630k

[Halebop]

Hey Ari,

I don't think anyone is really qualified to comment on design, fixtures and fittings or whatever from a few photographs.

What you do know though is the house isn't selling. There are two ways you can view this:

(1) I'll hold 'till I get my price
(2) I'll sell and move on

Both have their costs and benefits. Personally I'm from the cut my losses and get on with it school. But thats because I keenly feel the opportunity cost (like buying 27 acres).

Enigma is right the house will not be to everyones taste but this is not why it isn't selling. Price and confidence are the only reasons any product won't sell. If the market thinks you are asking too much then they will offer too little - which could be why you are seeing only cheeky bids? Who knows why there are problems with this property now? It doesn't matter - maybe the market has softened, maybe its just a bit too pricey for the street, maybe there are a few too many alternative on offer right now?

Cut the price, be negotiable and move on to better and newer things.

[ari]

quote:Cut the price, be negotiable and move on to better and newer things.

Halebop, finally someone who writes sense. As I said in an earlier post price has been pulled back, $30k to be precise. With 26 open homes since mid March there has never been one adverse comment re design or layout,fittings etc. The problem is it's on a main road. One couple came back 6 times (last time 7.30 at night with a bottle of wine) to feel the ambience (agent talk).But could not get their head around the road then went and purchased inferior Asian built house on busy corner!

[duncan macgregor]

ARI, I blame the agent most of them are useless. Ten pc sell 90pc with 90pc selling 10pc. Most of them have absolutely no idea about how a building is constructed, or how to close a sale, or even bothered to learn about different cultures. They have no idea what some races deem important, or how to talk to them, or even how to keep at a distance as different races have different comfort zones. Bathrooms and kitchens for indians, asians, and nzanders, are all completely different. I got rid of one agent who was doing all the talking to this asian mans wife. She was that dumb that she didnt realise the man was totally insulted, and out of principle would never buy the place. Sell a house to a nzealander stand at arms length an asian one and a half arms lenth. They are smaller than us so stand back, they also have the perception that we smell.
Change the agent find one that knows something, then look after them, then you will find selling your house is a breeze. macdunk