In the past week, we have prepared our business for Level 3 transition and are now open for business, subject to the social distancing rules as they apply to real estate. We have prepared a comprehensive Covid-19 Health and Safety Plan as required by Worksafe NZ for all our business personnel and who we will be interacting with – vendors, buyers and the general public.
As a nation and a business, we all need to comply with safe practices and social distancing to ensure our country remains safe.
In Level 3 we can list your property, have videos/photographs done, conduct virtual Open Homes, arrange private viewings of serious buyers and negotiate and transact sales including building inspections and pre-settlement inspections – all under strict new protocols so it is back to business but with a few twists!
So, the big question on everyone’s lips is – what is going to happen in the property market in Auckland???
There have been dozens of articles by commentators, bank economists and real estate figureheads but this event is unlike any that anyone has experienced before in truth. No one really knows but there is an old saying that “the market is the market”. What this means is the market itself will tell us what is going to happen and anyone persons opinion is just that. The market is likely to be dynamic with ups and downs depending on events out of our individual control such as a resurgence of CV19, the possibility of negative OCR in NZ, much higher unemployment (which may not show up for a while yet) due to the wage subsidy still having 5-6 weeks to go… stress and job or business losses may lead to bankruptcies, divorce/separation, or relocations to other parts of the country or Australia – no one really knows how this will play out?
One advantage that has come for the lockdown is the removal of LVR rules yesterday – https://www.oneroof.co.nz/news/37858 and this relaxation by the Reserve Bank will favour first home buyers with strong personal incomes as well as investors with good equity and similarly, good solid incomes in jobs or industries not under threat like hospitality or tourism.
The key in such a period of great doubt and uncertainly is to deal with very experienced people who have a long track record of top level performance and the Mars Realty team, headed by international top agent Matty Ma have the experience and wisdom to advise you of all the options you may have available to you, whatever your personal circumstances. Maybe you just need to sell 1 of your investment portfolio so you are cashflow positive? Maybe downsizing your larger property is right to do now for both personal and financial reasons? Maybe it is just the right advice of what is the correct marketing method for your unique property in this market?
When you are dealing with a team headed by someone with over 20 years’ experience at the very highest levels, and who has been through the 1987 sharemarket crash and the 2008 GFC, you can trust we will provide you all the information to allow you to make the right decisions, considering all the facts. We signed up 5 listings on our first 2 days back so join the people who know dealing with the best is the safe way forward now.
Bring us your concerns /problems – let’s work together for your next move with success!
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