Nothing compares.
DON’T JUST GET IT ON THE MARKET GET IT THE ATTENTION IT DESERVES.
SHORT FORM APPRAISAL
15 Whangaehu Place, Te Awa
SHORT FORM APPRAISAL
15 WHANGAEHU PLACE, TE AWA
Dear Peter
Thank you for considering New Zealand Sotheby’s International Realty to market and represent your property.
In this instance, I am providing you with what we term a Short Form Appraisal. An appraisal where we cover the most important aspect homeowners want to know, that being value, but not necessarily all the detail required or information desired before coming to the open market.
New Zealand Sotheby’s International Realty has built its reputation through results and quality listings, culminating in a strong following and database of buyers for mid to high-end homes. While property is our business we understand it can be more complex than first considered. If you have anything not covered in this appraisal please reach out with questions, comments, or queries.
Thank you again for the opportunity to provide you with this appraisal.
Kind regards
+64 27 306 6073 | debbie.dudding@nzsir.com
Debbie Dudding
UNIQUE ASPECTS OF YOUR PROPERTY
• Set in a great location that is close to town, schools and walking distance to parks and the beach, this property will suit a range of buyers.
• A new build that is currently under construction, giving buyers an opportunity to potentially have some say in the final touches of the property.
• Well designed with a great floor plan to best maximize the space of the home and section.
• Good indoor outdoor flow and well set up for entertaining guests or keeping an eye on children playing outdoors.
• Being a new build with a reputable company, you get the security of the Master Builders guarantee.
"I'M A MAN OF SIMPLE TASTES. I'M ALWAYS SATISFIED WITH THE BEST."
Oscar Wilde
COMPARATIVE MARKET ANALYSIS
Hunter Drive Awatoto Napier City
WHAT IS MY PROPERTY WORTH?
WE ESTIMATE THE MARKET VALUE OF YOUR PROPERTY IN THE PRICE RANGE OF: $980,000 TO $1,050,000
RECOMMENDED METHOD OF SALE
I have no doubt in recommending a no price strategy and taking to the market by Negotiation.
The following page shows all the available methods of sale that you could consider when bringing your property to market.
The ultimate sale price of your property will relate to a range of factors including:
• Current market conditions.
• The number of comparable properties for sale at the same time.
• Buyer pressure for a property like yours.
• Working with knowledgable and trusted sales professionals.
• Negotiation skillset.
• The presentation of your property.
• Your marketing plan. Prepared 26 November 2024
Comments
Prepared
by
Debbie Dudding
Peer reviewed by Chelsea Kennedy
The appraisal range provided is based on the property having full consents and no remedial work being required.
I am happy to discuss these options to ensure you are happy with which method is suitable to your home and unique circumstances.
i. Bring to market and work our existing database, qualified buyers circa and over $980,000
ii. Provide to the Sotheby’s International Realty network, New Zealand consultants / offices, and use the reach of SIR.com.
iii. Launch to active buyers who will see the property listed on New Zealand based websites nzsothebysrealty.com, realestate.co.nz and trademe.co.nz
> BY NEGOTIATION
i. No price is ever required to be provided on the property when enquiry occurs. Willing buyer meets willing seller.
ii. Sales Associate should provide guides to purchasers which are statements of fact. This could be either the C.V, offers turned down previously, or invite buyers from a certain price level.
iii. Used early in coming to the market, pre-Tender or Auction campaign or alternatively post campaign while offers or interest are being exhausted.
METHODS OF SALE
AUCTION
• Definite time-frame on sale process.
• Promotes the property – ‘you can’t sell a secret’. With a strong marketing campaign, this can promote the property to attract the most attention.
• Creates competitive and urgent atmosphere, attracting a broad range of buyers.
• Bidders compete against each other – not with the Vendor.
• Provides comfort and transparency to purchasers.
• Promotes integrity – equal opportunity.
• Purchasers at Auction must be in a cash unconditional position to bid. If the hammer drops, the property is sold.
• Vendor has control, can dictate terms and conditions, sets a reserve price they are happy to sell at.
• Unconditional buyers only which for higher priced properties can reduce the number of parties bidding.
• Public process for the Vendor, not every property (or Vendor) suits Auction.
DEADLINE SALE
(EXPRESSIONS OF INTEREST)
• Requires parties to register their interest in the property and present an offer within the designated time frame.
• Unearths buyers who are interested in commencing negotiations for the purpose of the property.
• Invites the purchaser to submit expressions of interest on their terms, not Vendor terms.
• Allows the Vendor to look at a number of offers, allows the market to indicate the value of the property.
• Not widely known as a method of sale and a softer approach than Tender.
• Can limit enquiry and potentially indicate the Vendor is not highly motivated to sell.
TENDER
• Definite time-frame on sale process but as opposed to Auction, retains confidentiality between purchasers and allows the Vendor to deal with the preferred party, should they wish.
• Creates competition in the unknown, people are not limited by what others are prepared to offer, and pay what they are comfortable to secure the property.
• Offers may include conditions (e.g. subject to sale/ finance/builders report) or trades as part of the purchase price, but our aim is still to work purchasers into a cash unconditional position.
• Especially suits properties that require ‘in depth’ investigation and due diligence.
• Vendor has control, having the ability to work with the Tender of choice, or not at all.
• Attracts good enquiry and feedback of value that the market sees. If does not sell at Tender allows accurate pricing post.
• Offers submitted at close of Tender are live and valid for a period of five days. They cannot be withdrawn.
BY NEGOTIATION
• There is no defined sale date, which reduces the ability to generate urgency to bring parties to the negotiating table with serious intent.
• No price is ever required to be provided on the property when enquiry occurs. Willing buyer meets willing seller.
• Sales Associate should provide guides to purchasers which are statements of fact. This could be either the C.V., or offers turned down previously
• With the approval of Vendor can be used in conjunction with a ‘buyers from’ guide. A minimum budget qualifying someone to view the home, but not a number where an offer would be accepted.
• Used early in coming to the market, pre-Tender or Auction campaign or alternatively post campaign while offers or interest are being exhausted.
> >
LISTING PRICE
• Properties are advertised with a price. This method of sale still allows the buyer to negotiate with you on the price.
• Buyers are clearly aware of a Vendor’s expectations.
• Recent market statistics and Sales Associate/ Vendor consultation set the price ahead of the market.
• This may allow for a quick sale and targets buyers within a given price bracket.
• Purchasers love to see a fixed price. The further away a purchaser is from a property (think international) the more confidence they have to travel and view with a fixed price.
• Realistic pricing generally produces a reasonably quick sale.
• Can very easily create a price barrier and get no enquiry.
• If enquiry is slow, generally the main reason is price, the only way to go is down.
PRICE ON APPLICATION
• There is no defined sale date, which reduces the ability to generate urgency to bring parties to the negotiating table with serious intent.
• Generates enquiry from buyers, generally through e-mail to the Sales Associate, which then in turn allows dialogue to begin, and a database to be built of interested parties in the home.
• A price is required to be provided on the property when enquiry occurs, which the Vendor would sell at today.
• The database can then be contacted as circumstances change, which may be method of sale, price, Open Homes.
OUR FEES
In our experience not all properties are equal, and no situation is the same.
If we are your preferred agents we are happy to discuss and negotiate a fee structure and marketing package that is suitable to you and your individual property requirements. You don’t mind where your buyer comes from, as long as you achieve fair or better value for your home, and in a time frame, you are comfortable with. Through local expertise, a national footprint, and global reach we offer you a cost-effective method in which to reach the widest possible buyer pool.
Marketing your property with New Zealand Sotheby’s International Realty instantly ensures your property stands out from the mainstream, elevating it above the rest - we are known as sellers of premium property.
If you would like more information on any part of this appraisal, I would welcome the opportunity to discuss it fully and answer any queries or questions you may have.
DEBBIE IS AN EXCELLENT, CLEAR COMMUNICATOR AND WE WERE KEPT INFORMED EVERY STEP OF THE WAY. SHE IS EXTREMELY KNOWLEDGEABLE IN HER FIELD AND PROVIDED US WITH VALUABLE ADVICE DURING THE PROCESS. HER CALM, POSITIVE APPROACH ENSURED IT WAS AS STRESS FREE AS POSSIBLE.
DEBBIE DUDDING
Debbie Dudding is the consummate real estate professional with close to two decades of experience in the industry. Debbie possesses exceptional market knowledge and is supremely well-connected. These connections benefit her clients, and her well-honed negotiation skills lead to extraordinary results. With multiple awards to her name Debbie is the gold standard in real estate in and around Napier. These numerous awards are testament to the success Debbie has achieved for her many happy clients.
Debbie’s team includes Client Care Coordinator, Christina Tareha. Christina provides brilliant support for Debbie at every turn, liaising with clients, buyers and suppliers, ensuring every customer is well informed and has exactly what they need. Together, they go the extra mile to achieve results to delight their clients and make the process of buying or selling a home straightforward and transparent.
Living rurally on a lifestyle property surrounded by fruit trees, farm animals, and her number one love – her large extended family – makes all Debbie’s hard work worthwhile. She’s a keen supporter of her local community, donating to local schools, and Riding for the Disabled. Giving back is important and rewarding for Debbie.
For exceptional service with results to match contact Debbie, the gold standard in real estate.
Debbie Dudding | Sales Associate +64 27 306 6073 | +64 6 835 8399
debbie.dudding@nzsir.com nzsothebysrealty.com
WHY LIST WITH NEW ZEALAND SOTHEBY’S INTERNATIONAL REALTY?
The Sotheby’s International Realty brand adds value to any property via the quality perception it brings, regardless of what price bracket it is in.
WHAT MAKES US STAND OUT FROM THE CROWD
We have over 1,000 offices in more than 79 countries and territories, and more than 25,000 Sales Associates all interconnected via an unrivaled and integrated referral system. Within New Zealand we have 21 offices strategically located from the North Shore of Auckland to Queenstown in the South.
This means potential buyers will consider your property to be the best in its class, this is a fantastic place to start negotiating on the sale of your property.
WE ARE MARKETING INNOVATORS
From our Property Style Magazine, SIR Mobile App, Social Media campaigns, Apple TV, Office Touch Gallery Screens, through to having highly competitive rates in all New Zealand real estate marketing channels, we have it all covered.
Your property will be exposed to the widest possible audience no matter what marketing budget you choose.
OUR ASIA PACIFIC FOOTPRINT
We work closely with our Asia Pacific network of 50 offices including locations in Singapore and nationally across Australia. These markets remain unaffected by the changes in foreign buyer’s legislation and we are, again, far more likely to reach any potential qualifying international buyer than any other New Zealand based real estate company.
WE HAVE UNPARALLELED INTERNATIONAL REACH
Sotheby’s International Realty is the world’s largest and pre-eminent luxury residential real estate company. Our properties are listed on some of the most significant media and real estate websites in the world. Wall St Journal, New York Times, Financial Times, Luxury Estate and more.
SIR.com is the world’s number one ranked luxury real estate website with more than double the unique visitors of our nearest major competitor. And once a home is on sothebysrealty.com it will also ‘cascade’ onto more than 100 Sotheby’s International Realty affiliate websites around the world.
This allows us to maximise international exposure and reach highly-qualified global clients through exclusive channels at no additional cost. If there is an international prospect or expat looking to return home that is a suitable buyer for your property, we are far more likely to reach them than any other New Zealand based real estate company.
THE PEDIGREE OF OUR BRAND
Sotheby’s Auction House was founded in 1744 and is now the world’s largest art business.
Our association with the Auction House and their client database is totally
unique and adds highly qualified global purchaser referrals like no other company in New Zealand.
If your property is a luxury residential, waterfront or lifestyle property it may appeal to these unique buyers.
WE HAVE A STRONG LOCAL AND GLOBAL REFERRAL NETWORK
We have 21 offices strategically located in the most desirable towns and cities in New Zealand, an integrated CRM system and an unprecedented Global Referral Programme. This referral programme is a unique differentiator, allowing Sotheby’s International Realty Sales Associates to connect with the most prestigious buyers and sellers throughout the world. This means your property will be directly marketed to multiple qualified databases of local buyers nationwide and expats looking to return home.
WE CREATE SALES RECORDS HERE IN NEW ZEALAND
Our teams are continually creating record sales results in offices and regions throughout New Zealand. We will apply these same skills and dedication to maximising the sale price of your property.
