final luca 189 Report post Posted October 4, 2015 I can not believe how the market in Auckland has exploded... but with a brother selling his house on north shore for $800,000 . his father inlaw who is 90+ selling his down the road for over $1 million, and my younger sister selling her house also for over $1 million..holly shit... then my mother inlaw died... and her house is being put on the market.. they reckon we will get between $700/$8oo thousand for a 2 bedroom house not far from Avondale racetrack.not bad she only paid $50,000 for it. we are looking at buying a house down my way.. and they range anything from $60, for lottsa work to be done . to $150, for no so bad do a uppas.., even looking at a 4 bedroom for $175,000 and in gore a 6 bedroom for $199,000 (i'd drop them down a few thousand ) a 100 year old house with quite a bit of work to do, but could be a nice house for$123,000, not far from schools, but best of all, a takeaway over the road. and that's some prices only in gore/mataura. in invers/winton,riverton you can pick up some good bargins.. Quote Share this post Link to post Share on other sites More sharing options...
Uriah Heap 481 Report post Posted October 4, 2015 Yeah I'd heard that those houses with a view of The Takeaway joint across the road were commanding top dollar in Gore. Quote Share this post Link to post Share on other sites More sharing options...
final luca 189 Report post Posted October 5, 2015 no.. but they are quite over priced. one house next door is a private sale and they want $199,000, nice little house but far better buys around .. and I don't need takeaways, do all cooking myself, the option is there if I choose to have them .. NOT that I have found takeaways in south island up to Auckland standard..but that's another subject.. as for Auckland houses.. I paid $24,000 for one in Henderson about 1979, and one in Papakura in 1995, for $50,000 Henderson rv now is approx. $ 750,000 Papakura rv $ 650,000.. approx... so if they were sold the way things are going I think another $200,000? how can the young afford to buy in this day an age.. housing down this way they say has increased a little... but for young people they also need work and good educating schools, which are few and far between, with some schools very questionable ethics.. having said this.. their is a 4 bedroom in otahuhu, Auckland, for $198,000... real do auppa.. down fall----- lease hold section. think better valve down this way.. specially for young families looking/wanting to buy. Quote Share this post Link to post Share on other sites More sharing options...
crustyngrizzly 1,700 Report post Posted October 6, 2015 Houses selling like hot cakes in Hamilton at prices that i consider to be well overpriced.Problem is if you intend to buy again in Hamilton you then pay at the other end. Vicious circle. Quote Share this post Link to post Share on other sites More sharing options...
Uriah Heap 481 Report post Posted October 6, 2015 Houses selling like hot cakes in Hamilton at prices that i consider to be well overpriced.Problem is if you intend to buy again in Hamilton you then pay at the other end. Vicious circle. I thought you were moving to Gisborne? Quote Share this post Link to post Share on other sites More sharing options...
crustyngrizzly 1,700 Report post Posted October 6, 2015 (edited) I thought you were moving to Gisborne? Still my intention,however another more powerful member of the family is showing a fair bit of resistance to my plan due to the fact that an elderly parent is still breathing. I on the other hand couldn't give a rats. I may go to mass on Sunday and pray.Should be all good because nothing else that i have prayed for has ever happened. Edited October 6, 2015 by crustyngrizzly Quote Share this post Link to post Share on other sites More sharing options...
final luca 189 Report post Posted October 30, 2015 we sold the 2 bedroom house on Wednesday at auction .. while we were expecting a bit more on the advice of the land agents, we are still happy with the price of $640,000 when you consider that inlaws paid just over $38,000 for it in the 80's. it was a very nice profit. we will be buying another house in gore, hopefully we have one sorted that we like, and a deal can be arranged before Christmas.. take over day for the Avondale house is 9th December.. all going well. we will have some spending money for Christmas. Ashoka 1 Quote Share this post Link to post Share on other sites More sharing options...
final luca 189 Report post Posted November 3, 2015 have found out a few details of this auction: there were 5 contestants fighting over this house.. 1x phone from Australia, 2xphone from china (one of which already owns a property in pt chev) and 2 x in auction rooms... the aussie dropped out at $500,000 and it was down to 2 at the end.. with the reserve at $650,000 top offer was from chinese owner of pt chev prop... at $640,000 which was excepted by brother in law... (god knows why.. think he wasa right dumb arse).the nz bidder had cash and the estate would have the money by 7th November, now we have to wait until 9th December, and lawyers won't release it until april/may, incase some one contests the will.so I say to people in the same situation as we are... tell your yawer that you would like it released early, when my mother died we all signed an agreement and we had monies within a month...I will be looking into why this lawyer wants to hold on for 6 months... am aware that that is a condition of probate, but in our case that has aalready been signed off.. it seems strange...so will be getting my lawyer to haave a look at this... having someone take care of a sale without being present can be very dangerous especially if they have no clue on what they are doing... thems the breaks I guess.... so in all, we have helped another chinesse invester... bugga... her moneys good. Ashoka 1 Quote Share this post Link to post Share on other sites More sharing options...
Uriah Heap 481 Report post Posted November 3, 2015 So what you are saying is - The house will now be a rental property. - The Landlord will does not reside in this country. Quote Share this post Link to post Share on other sites More sharing options...
final luca 189 Report post Posted November 4, 2015 they said she wants to live in the house and do it up. but is out of the country at present ... but I also think that's what will happen. Quote Share this post Link to post Share on other sites More sharing options...
crustyngrizzly 1,700 Report post Posted November 7, 2015 House here in Hamilton listed for $289K.Built in the late 1800s and sold for $110k approx 15 years ago.No garage,no carport not even a shed of any desription for bikes,kids toys or firewood.Acrappy old wire netting fence is all thats protecting your kids from wandering on to a busy road.Has been rented out for the last 15 years approx.Owners should have it on market FREE to good owners. Quote Share this post Link to post Share on other sites More sharing options...
final luca 189 Report post Posted November 8, 2015 the thing I find really hard to swallow with house sales.... is.. LAWYERS... who decide that when the house is sold, and there is an estate to be paid out.. he/she expects the estate to wait 6 months for a payout just in case one of you might contest the will and testament. holding up an other sale of another house as in our case... we are a little short of money and require our share of the estate to cover overheads.i've got legal advice and we may be able to hurry this lawyer up... lawyers close down mid December and it is hard to finalise house sales until close to February . when everything else is ready to roll.(we would like to be in this new house before Christmas.. don't think it will happen because of this lawyer/holdup.. and may even miss out on buying the house... won't up set me, but war department has her heart set on it...we have a cheaper option house as a back up if need be but its not the same...it has been months since everything on the estate has been signed off, and we are waiting for money from the lady that brought inlaws house to be handed over... the goal posts keep getting moved... this is our last chance at getting another house... the years are catching up.. Quote Share this post Link to post Share on other sites More sharing options...
crustyngrizzly 1,700 Report post Posted November 13, 2015 Despite what the Governor of the Reserve Bank and Bank Economists say i predict that house prices to rise especially with all the turmoil going on in Europe.Wealthy Europeans and some not so wealthy Europeans will be lining up at our gates to buy our property to escape the sh.t h..e that Europe is fast becoming with all those meatheads trying to get in. Ashoka 1 Quote Share this post Link to post Share on other sites More sharing options...
Ohokaman 5,825 Report post Posted November 14, 2015 On 8 November 2015 1:52:22 pm, final luca said: the thing I find really hard to swallow with house sales.... is.. LAWYERS... who decide that when the house is sold, and there is an estate to be paid out.. he/she expects the estate to wait 6 months for a payout just in case one of you might contest the will and testament. holding up an other sale of another house as in our case... we are a little short of money and require our share of the estate to cover overheads.i've got legal advice and we may be able to hurry this lawyer up... lawyers close down mid December and it is hard to finalise house sales until close to February . when everything else is ready to roll.(we would like to be in this new house before Christmas.. don't think it will happen because of this lawyer/holdup.. and may even miss out on buying the house... won't up set me, but war department has her heart set on it...we have a cheaper option house as a back up if need be but its not the same...it has been months since everything on the estate has been signed off, and we are waiting for money from the lady that brought inlaws house to be handed over... the goal posts keep getting moved... this is our last chance at getting another house... the years are catching up.. Why hasn't everyone involved signed a certified document saying there will be no challenge to the Will ? Should be no problem getting paid out if that was the case... Quote Share this post Link to post Share on other sites More sharing options...
final luca 189 Report post Posted November 14, 2015 have no idea why .. the lawyer hasn't even got hold of us or other sister in winton .and the sister in Auckland is not being helpful.. she was at the auction.. there was a reserve on the house and she let it go $10,000 under that reserve..it is all strange but being down here well away from the action we are at their mercy... we are getting little bits of news, when it suits... but we have asked her for lawyers name, and contact details so our lawyer can contact him/her.. I understand about signing a document like you said and think this is the right way to go but from what I can paste together... that chinnese shelia is out of the country now.. and the full payment was ment to be 22nd November and sister in law has given them extra time, (27th November)to have money finalised.I would never have done it like she did.. but she just wanted to move things on.. and we respect and understand that.. without going into details...but thanks Ohokaman , Quote Share this post Link to post Share on other sites More sharing options...
crustyngrizzly 1,700 Report post Posted November 14, 2015 Don't know much about the law{apart from breaking it} however challenges to a will can come from outside the family or benefactors as my family found out several years ago with a """she said such&such "" which held payout up for some time. Quote Share this post Link to post Share on other sites More sharing options...
Ohokaman 5,825 Report post Posted November 14, 2015 Sounds very fishy FL...why on Earth you would set an Auction reserve and then sell $10k UNDER it makes no sense..! You are reliant on your Agent being a bit more helpful than a chocolate teapot in these circumstances though. Presumably they have talked to all the bidders ( or should have ) and this was the best offer they were going to get. Hope it works out for you anyway fella, and you can keep the missus happy with her new home.... Quote Share this post Link to post Share on other sites More sharing options...
final luca 189 Report post Posted January 14, 2016 brother sold his house in Avondale , (Chinese Sheila) got $840,000 for his 5 bedroom in calvin st. he wanted more greedy buggar... but now this woman wants to reneg on the deal... deposit has been paid... he moves to papamoa in april.. but will be staying at my other brothers house down there for a while until his new house is ready..they have listed his Avondale house again but they (land agents) are pushing for this woman to honour the deal... wonder if its same Chinese Sheila that brought our 2 bedroom? did not think they could do this unless they could not get finance... as for our sale... lawyer has money. said he is not paying out until april... (6 months)my lawyer has asked questions and he has not replied... strange.but then that's Auckland. Quote Share this post Link to post Share on other sites More sharing options...
Ohokaman 5,825 Report post Posted January 14, 2016 She loses the deposit ( should be 10% ) if she does not complete on settlement date, providing no other clauses, finance etc Don't see why Solicitors should be holding on to that after settlement date. The deal is dead. If no joy, get a new one....!! Quote Share this post Link to post Share on other sites More sharing options...
