Nothing compares.
DON’T JUST GET IT ON THE MARKET GET IT THE ATTENTION IT DESERVES.
SHORT FORM APPRAISAL
Battery Road, Ahuriri
SHORT FORM APPRAISAL
64 BATTERY ROAD, AHURIRI
Dear Rachael
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
Debbie Dudding
+64 27 306 6073 | debbie.dudding@nzsir.com
Christina Tareha
+64 27 242 3523 | christina.tareha@nzsir.com
UNIQUE ASPECTS OF YOUR PROPERTY
• Nestled in the charming neighborhood of Ahuriri, this lovely 1920s cottage exudes character and warmth. The property features two cosy bedrooms, perfect for a small family or a couple seeking a tranquil retreat.
• The interiors boast vintage charm with original details that accentuate its historical allure, complemented by modern comforts. Enjoy the ease of a small, lowmaintenance site that offers the perfect balance of outdoor space for leisure without overwhelming upkeep.
• Easy care section with charming street appeal. Positioned with sun, use the space to create a vege garden or private relaxing sanctuary.
• Its location is ideal, being just a stone's throw away from vibrant cafes, art shops, and situated within excellent school zones.
• This cottage invites you to experience the best of both worlds – timeless beauty and contemporary convenience.
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.
COMPARATIVE MARKET ANALYSIS
Ahuriri
Napier City
Ahuriri, Napier City
WHAT IS MY PROPERTY WORTH?
WE ESTIMATE THE MARKET VALUE OF YOUR PROPERTY IN THE PRICE RANGE OF: $640,000 TO $690,000
RECOMMENDED METHOD OF SALE
I have no doubt in recommending a no price strategy and taking to the market by Deadline Sale.
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
Comments
6 January 2025
Prepared
by
Debbie Dudding
Christina Tareha
I am happy to discuss these options to ensure you are happy with which method is suitable to your home and unique circumstances.
i. The property is marketed for a set period with an advertised end date
ii. Buyer can make a conditional or unconditional offer
iii. The offer is made on a standard sale and purchase agreement
iv. If there is more than one offer the sale process may turn into a multi offer situation
v. The vendor may choose to accept or negotiate with the highest offer, any offer or none of the offers
Peer reviewed by Chelsea
Kennedy
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.
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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
We represent you at all times. Collectively we only get a result if you are happy, and your property is sold.
In our experience not all properties are equal, and no situation is the same. Fees can be confirmed at time of engaging the agent.
An administration and disbursement fee of $650 plus GST covers the design and preparation of marketing materials, fees for our Agency Agreement and administration, LINZ fees for titles. REINZ fees for Sale and Purchase Agreements plus several nationally subscribed real estate information portals.
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 WORKED EXTREMELY HARD TO FIND US A BUYER IN THE SHORT TIME THAT WAS SET. SHE WORKED DILIGENTLY TO GET THE DEAL OVER THE LINE, WHILE ALWAYS HAVING A POSITIVE AND FRIENDLY ATTITUDE – SHE WAS CONSISTENTLY PROACTIVE WITH HER COMMUNICATION TO KEEP US IN THE LOOP WITH WHAT WAS GOING ON.
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
CHRISTINA TAREHA
Christina Tareha, Sales Associate to Debbie Dudding, genuinely cares for people and strives for the best and fairest outcomes for all her clients. She believes in clear and honest communication, always maintaining a connection through kindness and warmth.
Despite being new to the industry, Christina brings a fresh perspective while benefiting from the experienced guidance of her mentor, Debbie. Together, they offer clients the best of both worlds – innovative thinking paired with seasoned expertise.
Christina's background in education has honed her organisational skills and attention to detail. She is not afraid to think outside the box to solve problems and enjoys building strong connections with people from all walks of life.
Having worked as a Personal Assistant in real estate for over a year and being immersed in the field with Debbie, Christina has gained valuable experience. She has also been involved in various property ventures, including investment properties.
Christina recently earned her real estate licence, complementing her BA in Education and a Diploma in Education Studies. Family is central to her life; she is married with four children and maintains close ties with her parents and siblings.
As a family, they love spending time at the beach and their place in Mahia. Christina is active, enjoys going to the gym, and often takes walks along Marine Parade with her family. She values her close-knit group of friends, who would describe her as genuine, reliable, and loyal – perfect qualities to have in the real estate industry.
Christina has a deep connection to Hawke's Bay, having lived there for 18 years since returning in her early twenties. She loves the weather, the relaxed lifestyle, and the supportive community of Napier.
Christina Tareha | Sales Associate to Debbie Dudding
+64 27 242 3523
christina.tareha@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.
