Tag: Real Estate Agent

Management Training

April 29, 2010

Your Management Team are the key for the successful running of your business. There is an abundance of free training available and one of those sources is Trade Enterprise New Zealand. My wonderful Manager Wendy from the Rotorua office is off to her second two day seminar.

This one is the Lean Business Operations something applicable to everyone in todays market place.

The challenge is to fine tune the systems and processes we use everyday to make the experience for you at Property Conveyancing Services smooth and stree free when you buy or sell your house or refinance your mortgage.

Our systems include keeping you, the Real Estate Agent, Finance Brokers, and our mutual clients informed along the way. You’ll see a whole lot more information of our website. www.propertyconveyancingservices.com

We like feedback so please don’t hesitate to give it to us.

Wendy Property Conveyancing Services Ltd Rotorua wendy@propertyconveyancingservices.com
:)

Is this for Real?

March 14, 2010

Houses in Detroit are selling for as little as $10, check out Real Estate Agent Tim Prophits website. Google Bearing Group Detroit. Their cheapest house is listed at $99.00. They claim to have sold 394 bank foreclosed house for under $1,000.00. Average Detroit house prices in 2004 were $100,000.00 today $11,500.00. Fannie Mai foreclosed properties can be refinanced to qualified buyers on 3% deposit and can borrow more than the purchase price to complete makeovers or repairs. Unbelievable!

Conveyancing Tips

March 1, 2010

With the introduction of the new Real Estate Agent Authority it would be good advice to keep file notes on conversations between yourself and either the Vendor or Purchaser. By keeping simply file notes it can save the he said, she said, they said or you told me. Being proactive and not deactive is so important with the introduction of the new legislation affecting Real Estate Agents in New Zealand. It can also safe guard you from any claims against your Professional Indemnity Insurance. It is a practice in our office to keep file notes on all conversations. :)

Tax on Property

October 1, 2009

If you are a regular Property Trader or Investor in New Zealand you will more than likely be subject to paying tax on the profit from resale. The Inland Revenue Department will look at your intention. If you have bought and sold properties at regular intervals, they may look at statements made to your Bank Manager, Accountant, Financial Advisor, Conveyancing Practitioner, Real Estate Agent or any other Professional in relation to the transactions you have conducted. So ensure you are getting the correct information from your Advisors. For more information available free do check out the Inland Revenue Department website. Happy investing Kim

Deposit

September 22, 2009

What is the amount of deposit required in an Agreement for Sale and Purchase? Generally anywhere between 10-20% of the purchase price. Why? In New Zealand the deposit is paid to the Real Estate Agent as Stakeholder. There is a period by which the Real Estate Agent must hold the deposit before it can be released. Once the Agreement becomes unconditional the Real Estate Agent will be paid their commission from the deposit and the balance will be sent to the Vendor’s Conveyancing Practitioner or Legal Practitioner. In todays market we are seeing an increase in the number of mortgagee sales. Your Conveyancing Practitioner or Legal Practitioner should ensure there is sufficient to repay any mortgagee who is Discharging the Mortgage and obtain your instructions before authorisation of early release of the deposit.  Ensure your interests are being looked after. Warm regards Kim

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