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How to Price Your Home to Sell in a Softening Market?

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A new selling season is upon us in New Zealand! Unfortunately, those home sellers who were looking forward to sky-high prices and multiple offers may be disappointed to find the market softening. In a declining market, pricing a home becomes critical to success.     Pricing your home in a softening market The first step is to realize the market has changed. Buyers will not overpay for a home in an uncertain market. Whereas just a few months ago it might have made sense to “test the market” and set an aggressive price, sellers who try that strategy today will lose valuable time, risking an even slower market when the home sells.    Home Value Truths What you paid for your home doesn’t affect its value  Your asking price does not affect its value  What it might have sold for 2 months ago does not affect its value   What your agent tells you about price does not affect its value The value of your home is determined by what a qualified buyer in ...

Are Buyers Avoiding Your Listing?

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Strategies to Revive A Stale Listing It may have seemed like every listing sold on the first weekend in the past two years in New Zealand , but as the market began to slow down, more sellers faced the dilemma of an aging listing. If your listing has been on the market for a while, buyers naturally assume that there is something wrong with the home and avoid viewing your property. Fortunately, there are strategies to renew the listing and re-engage buyers’ interest.  If your listing is losing steam, the first step is to understand why. Typically, if a home is not getting offers, it’s priced too high . Even homes in terrible condition will sell quickly for the right price . In a market where homes were selling quickly, it was common for sellers to assume they could push their listing price even higher. Savvy buyers and agents will reject overpriced homes in any market.  Another strategy is to put the home on hold and make a few updates. In most cases, simply adding a fresh coat ...

2022 Colour Trends

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Did you know that each year paint and pigment companies work hard to predict the hottest trends in colors?  They choose the “Colour of the Year” and home designers love to infuse new tones and hues into their new designs. For 2022, Shades of Green will be all the rage. I never knew this when we were designing our new branding! While there is no consensus about the specific shade of green and the colors range from soft neutral mists to deep evergreen, suddenly style magazines are boasting green in everything from furniture to fixtures.  Home designers have wasted no time incorporating these new colors in their styles. Accent chairs in bright bold Seafoam will instantly add a modern touch to your living spaces. Backsplashes in olives and cypress create a new ambiance for the kitchen. A soothing color, green can also create a relaxing environment in a bedroom or bathroom. Make easy changes like new linens or towels for a quick uplift. Paint is also a great way to instantly bright...