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What If Your Property Didn't Sell In 2016?
2016 has been, in the words of Vanessa Taylor, spokesperson for the leading NZ property website realestate.co.nz, “the Year of Unpredictability”.
2016 Auckland residential property sales have been generally tracking lower than their 2015 equivalents for most of the year. Residential sales volumes, according to industry figures, are down 14.8% year on year.
The decline isn’t merely a seasonal fluctuation or a single outlier result. Recent systemic changes to key elements such as Loan Value Ratios have helped to take some of the heat out of the market and deter buyers.
So what should you do if you wish to sell your property in 2017? Will the market return to pre-2016 conditions or is the current environment the new normal?
Everyone has a different opinion on the future of the Auckland property market, but one thing is clear: simply listing a property and expecting it to sell is no longer enough.
In 2017, the experience and expertise of your real estate agent will play a major role in determining whether or not your property will sell, for the right price.
We've prepared a short report which will tell you what to consider if you're planning to sell your property in 2017.