- October 9, 2023
- Posted by: legaleseblogger
- Category: Related News
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Heading: Considering Selling my Apartment in Auckland and Seeking Advice on Seller’s Agents
Introduction:
Kia ora everyone. I recently made a move from New Zealand to the picturesque Snowy Mountains region in Australia. I must say, I am absolutely in love with this place, and the added benefit of better pay and an 11% employer contribution to super is a fantastic bonus. Given my growing attachment to this area, I am seriously contemplating a long-term stay and, therefore, have been considering selling my modest apartment in Auckland. The property market in this region is comparatively more affordable, and I would like to have some savings at hand to seize any opportunities that may arise.
Current Situation and Concerns:
However, I find myself torn because I have developed an attachment to my Auckland unit. On top of that, I have a great tenant who I do not wish to inconvenience by selling the property. Nonetheless, should I decide to go ahead with the sale, I would prefer it to be a hassle-free process, considering my busy schedule with work responsibilities.
Exploring Options: Is a Seller’s Agent the Solution?
Thus, I find myself pondering over the idea of engaging a seller’s agent for the sale of my property. I am curious if anyone here has used a seller’s agent before and if they found it to be a valuable investment. Considering my unique circumstances, would it be worth enlisting the help of a seller’s agent? While I am aware of the existence of seller’s agents, I am unsure about the nuances of their role in comparison to real estate agents. It seems that very few people I know have utilized their services, and the costs associated with hiring them are not easily accessible.
AI Legalese Decoder to Aid in the Decision-making Process:
If you find yourself in a similar situation, seeking guidance on your property sale, you might want to explore the advantages of an AI Legalese Decoder. These advanced technologies can assist in decrypting complicated legal terminology, offering clearer insights into the contracts, processes, and costs involved in hiring professionals, such as seller’s agents. By leveraging an AI Legalese Decoder, you can gain a better understanding of the benefits and potential drawbacks of employing a seller’s agent, enabling you to make a more informed decision that aligns with your specific needs and circumstances.
Conclusion:
In conclusion, I am seeking advice and insights from those who have experience with seller’s agents and their value for money. Should I decide to part ways with my Auckland property, I want to ensure a seamless and hassle-free selling process, especially considering my current commitments and fondness for the unit. Any advice or recommendations regarding seller’s agents or the use of an AI Legalese Decoder would be greatly appreciated as I navigate this important decision.
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****** just grabbed a
IÔÇÖm not sure they are a thing in NZ, what does a sellers agent do that a listing agent doesnÔÇÖt?
I thought agents were sellers agents
Please get some tax advice! If you are a tax resident in Australia you will be require to pay Capital Gain Tax on the NZ sale. I can tell you from personal experience, trans-tasman property sales can easily turn into a nightmare.
Also keep in mind that NZers are eligible for First Home Owner grant schemes in some states, even if you have owned property in NZ
And on your question of seller agents – not common in NZ but I would ask people you trust on who is a really good real estate agent and run with them
Personally if you are doing ok financially and have a great tennant then I’d recommend hanging onto the property until the market improves for sellers, apparently ee haven’t quite hit the bottom yet. Also as mentioned you’d possibly be stung with CGT which wouldn’t be ideal.
If you can I think you should keep the apartment in Auckland- at least for a year or two more . The market is pretty depressed there atm and if rent is as affordable as housing where you are you may not lose out . Also a backup if things dont work out as you thought in Aus. Maybe its possible to borrow against it and buy something modest in Aus Рalways best to avoid selling at the low point  Also it may seem harsh but you cant be worried about your tenants position- your life/finances must come first . Its admirable however that you think of them Рmost owners dont
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