Posts Tagged ‘research’

The old adage of real estate was “location, location, location” – it is today better represented by “research, research, research”.

The best advice for a buyer is to be the most knowledgeable party in the decision making process, more knowledgeable than the vendor or the agent – quite a challenge!

To be knowledgeable use the best tool on the market today – the web. Research all you can about the market you are looking at. Be very specific as to the area you are interested in buying into so you can be the local expert.

Zoodle provides a massive amount of valuable information on your local suburb. It shows the information on the number of sales per month, the median price, the average “days on the market” (that is how long it is taking to sell property) as well as the number of listings on the market and how the interest in property in the suburb is going in regard to viewings on realestate.co.nz.

Take the time to identify the selection of properties you are interested in and keep a check on the how many other people are “watching them” – each property on realestate.co.nz has a tracking graph to show this information for the past 4 weeks – just click the link from the number of times the listing has been viewed at the top right of the listing page. This also shows you the origin by country of property watchers. Armed with this information you can be well informed as to the level of interest overall in the local market as well as details on key properties.

Naturally you will also be aware of the benefits of setting up an email alert or RSS feeds from realestate.co.nz of new listing that match your criteria – this service is part of “My Property” service on the website. Setting up these alerts ensures you are the first to be alerted immediately a new listing comes onto the market – this will not only highlight properties that may interest you but also highlight the trends in the number of new listing numbers coming onto the market.