Home buyers will soon go cold

With just two weeks until daylight saving ends, the race is on for homeowners wanting to sell before the winter market freeze - without losing their shirt in the process.

Progressively tightening bank lending criteria and rising unemployment will further brake customarily slow winter sales, ANZ chief economist Cameron Bagrie expects.

Price and presentation are the keys to clinching that sale before the window closes, Simon Shreeve of home staging company Home Base says.

Start by getting a registered valuation, says Kent Leicester, director of property investment strategy company Polaris Group - it should be no older than three months - to gauge the true worth of the property in the current market.

Present it to prospective buyers along with all the other information they need to make a timely decision, such as rental assessments.

To read the full NZ Herald story click here

Posted: 23 Mar 2009

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