Auckland Real Estate Buyers FAQs

Auckland Real EstateWhat factors determine the purchase price of the Auckland real estate you are buying?

While a number of factors come into play when you are determining the purchase price of the Auckland real estate you are buying, in the end a property’s worth is judged by only one figure – how much is somebody prepared to pay for it at the time?

The most significant considerations for pricing a property are recent sales and current competition.

The former is a review of what other properties of this type have sold for, while the latter takes into account similar homes that are presently on the market.

Aidan Hill can provide you with information and advice regarding both of these aspects of the house-hunting process through competitive market analysis.

It is also import to take note of the prevailing Auckland Real Estate market conditions, as these can generate a genuine insight into short-term trends and help prospective homebuyers gain a feel for what they will need to pay to achieve their goals.

If high buyer demand exists at a time when very little property is actually available, prices are likely to increase.

‘Seller motivation’ – the reason the current owner is attempting to offload the property – might also play a major role in determining the final cost. If a quick sale is required, vendors have little choice but to accept the best offer at the time without the luxury of waiting for a better deal.

Why should I carry out a final inspection on the Auckland real estate I am buying?

No matter how excited you are about purchasing your new house or unit, it is prudent to undertake a final inspection to ensure that the property is still in the same condition it was when you negotiated the deal.

You should check that all the fixtures and fittings included in the contract are still present and that the previous residents did not cause any damage when moving out of the property.

How many homes should I inspect when looking for a property?

I recommend looking at enough properties to gain a comprehensive understanding of the marketplace.

This will provide you with the required knowledge to work out if the property you are interested in buying represents value for money, while also helping you to determine which location appeals to you the most.

It is important to feel confident about your eventual purchase, so viewing properties online is a good way to research the market efficiently.

Alternatively, I can give you comprehensive market analysis on the property in the current Auckland Real Estate market, with details of similar Auckland properties currently for sale or in the same area.