Welcome to today’s daily kōrero!
Anyone can make the thread, first in first served. If you are here on a day and there’s no daily thread, feel free to create it!
Anyway, it’s just a chance to talk about your day, what you have planned, what you have done, etc.
So, how’s it going?
Good luck! Hopefully you get a sale on the first day and don’t have to do it anymore 😆
That’s the dream but probably not reality. We’ve noticed a lot of places being relisted after their auction dates so assume there’s a high volume being passed in.
Hopefully we’re a bit more realistic. The council was smoking something when they did the last RV and our minimum is about 25% lower than the valuation.
The council valuation doesn’t mean much. They don’t care if it’s accurate, the idea is the make sure that the relative value compared to other houses is right. If everything is over or under valued, it doesn’t matter for rates purposes.
Also, a year ago a very high proportion of auctions were closing without meeting reserve, and even without any bids at all. As a buyer, I don’t like auctions and have never bought at one. I want to put in conditional offers so I don’t waste my time.
I know auctions are more popular in Auckland but I avoid them when I see them.