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Posts tagged ‘property market’

Titivating the shed

So as soon as we decided to move to Wanaka in late 2015, Husband and I swung instantly into action. By which I mean: we prepared for action by reflecting on how we could best achieve maximum outcome with minimal swinging as such.

 

It was a really very thorough, measured and definitive thought-process.

 

Ideally we wanted to sell our house in Oamaru in summer 2015, but Husband wasn’t ready because he hadn’t titivated the shed. Or if it wasn’t that, he wanted to weed-mat the garden; or replace some panes of glass; or repaint the deck; or finish the garden folly.

 

(By the way: oh yes it is, ‘titivate’ is TOTALLY a word.)

 

Our beautiful old 1890s character villa with 2000sqm of landscaped cottage gardens may have been glorious and rose-scented and redolent of frilly parasols and croquet and cucumber sandwiches, but it was an absolute fucking motherfucker to maintain. Although we loved it, all our spare time was diverted to gardening or renovating or gardening or trying to convince the kids that pruning was fun or train the dog to differentiate between weeds and flowers.

 

 

I’d asked my unfairly talented mate Maxine to shoot the house, because her architectural photography is ‘jaaast stanning’ as the chick herself would say (not usually about her own work, although she could without risk of false advertising).

 

Eventually she just turned up with her camera. “Look, I don’t care- I don’t have time for this shit- no, I can photoshop in the garage door- fine, I’ll photoshop in the fucking HOUSE, ok? Get out of the frame. And take that fugly sofa with you.” (Only joking; Maxine’s a professional and would never swear on the job.)

 

By this stage – practically winter – we’d pretty much run out of time to list our house, which ideally needed to be sold in late spring / high summer / before the trees completely shit themselves in the autumn. However, being now engaged in full, actionable swing (see above), I went ahead and contacted four of the five RE Agents in town for valuations.

 

My history with RE Agents is somewhat tempestuous and honestly, I haven’t missed them at all since my last torrid affair back in 2011. We were all set to go with online real estate company 200 Square, but despite tracking the local weekly property listings we had no idea what the value of our house was. There was no consistency and nothing even vaguely comparable to our home. Trademe listings with photos featuring heaps of unfolded laundry and dead animals with an unfocused bit of shack in the background stated offers over $500k; some gorgeous character homes appeared to be in the region of less than $250k.

 

We figured industry professionals would know.

 

We figured wrong.

 

They didn’t.

 

I mean, they really, REALLY didn’t.

 

The range of estimates issued by RE Agents varied $90,000 in value.

 

That’s $90,000; or ninety thousand dollars; or FUCKING NINETY THOUSAND FUCKING DOLLARS.

 

(To add some context: we paid $242k for it in 2011.)

 

After looking around, they’d say: “Yaaas, weeell, it’s beautifully presented, but it’s not a great location and you know what we say: ‘location, location, location’ hahaha ahaha! South side of a hill *meh* . . . no view of the sea *meh squared* . . . and *meh to the power of 10* who wants to maintain 2000 square meters of garden?”

 

Well, apart from Not Us, I’m sure um lots of people specifically gardeners and – I dunno – outdoorsy types would like to . . . but WTF DON’T COME INTO MY HOME AND TELL ME IT’S SHIT! THAT’S JUST FUCKING RUDE! ESPECIALLY AFTER I OFFERED YOU FUCKING COFFEE!

 

Since I lived in the house for five and a half years, I figured I knew its limitations better than a RE Agent who’d spent only half an hour in the place staring mainly at their checklist. And I was fairly confident that someone would fall in love with the house: its charm, its privacy, the inspection pit in the garage.

 

(Well, that was what sold Husband.)

 

I’ve never liked the local branch of LJ Hooker’s approach to supporting the community, specifically taking out full page adverts in the Waitaki Herald congratulating themselves on donating thousands of tax-deducted dollars to local non-profits and charitable community organisations. However, we originally bought our house from the fully delicious Claudette, and she was the first agent I contacted.

 

I’d always suspected my feelings for Claudette were unrequited and was devastated as she struggled with commitment issues and grew increasingly emotionally distant.

 

An RE Agent from The Professionals suggested the house was worth only $18,000 more than we paid for it six years ago. So according to her dystopian proposal (and disregarding the thousands we spent on improvements and renovations), we would have ended up with a roaring profit of approximately $5,000 after she skimmed her commission.

 

“Well, I don’t think you exactly got a bargain when you bought this place,” she sniffed.

 

WTF don’t come into my house and tell me it’s shit AND THAT I’M STUPID! THAT’S JUST FUCKING RUDE! ESPECIALLY AFTER I OFFERED YOU FUCKING COFFEE!

 

When challenged with a moderated version of the above, she said, “Over the last month we’ve sold all our properties within days.”

 

“Um . . . does that not . . . kind of . . . suggest you’re undervaluing them?” I asked.

 

“I’ll have you know our clients are very satisfied,” she said defensively.

 

One RE Agent even kicked the dog (although admittedly it was after Jed had spent a good five minutes checking their crotch for contraband, and then worried their pleather folder on the floor . . . he also munched their biro a bit).

 

I was reluctant to go anywhere near Ray White after our experience with the company six years ago, but my To Do list had five items and I’d only ticked off four. However, I was lucky enough to be put through to Leona Stretch. When she came to visit, she patted the dog and loved our house.

 

“But what about the view- sorry; I mean ‘aspect’?” I asked suspiciously. “And locationlocationlocation?”

 

“I suppose it might be worth more if it were on South Hill, but it’s a beautiful home,” said Leona. “Great big section, overlooks the Gardens, minutes from town. It’s fabulous.”

 

When Leona returned with the estimate, she brought presents for the kids and the dog. I’d decided to list with her even before she said she believed our house was worth $350k. I know: I’m a whore. But we were in no particular hurry and um well her valuation was greater than anticipated, so we thought what the heck? We decided to list the house for a proscribed period, sale on offers over $350k.

 

I knew we’d made the right decision when the kids and I went to her office to review the contract and Saoirse applied crayon to everything except the thoughtfully-provided paper; then flooded the place. Leona was unfazed; even Saoirse couldn’t break her.

 

We were fully prepared for Leona to recommend dropping the asking price after a couple of weeks – not that she ever gave that impression, or indeed any impression other than being responsive, professional and striving diligently on our behalf – but evidently I have trust issues.

 

Her assessment of the market (for our home: out of towners), recommendations on how to present the house, and regular reports were all bang on. It took a couple of months, but Leona sold our house for pretty much exactly what she said she would. She could have negotiated a longer settlement than three weeks – but now I’m just struggling to find something to get my bitch on.

 

What I can and GODDAMN IT I WILL get my bitch on like white on rice on a Styrofoam plate in a snowstorm, is that had we gone with any of the other industry professionals’ recommendations we would now be up to $90k out of pocket. WHY DON’T YOU JUST BREAK INTO OUR HOUSE AND STEAL ALL OUR ELECTRONIC EQUIPMENT AND . . . um . . . WHATEVER ELSE WE OWN THAT’S WORTH TENS OF THOUSANDS OF DOLLARS ALREADY? (My combination oven? Husband’s sound system? Finn’s lego collection?)

 

And before you point out that grossly undervaluing our house doesn’t involve malicious intent: you might not have meant to kill the frog, but it’s still fucking DEAD.

 

Here’s the promo video for the house set to 70’s porn music.

 

And since you got this far: here’s a picture of Jed sitting on the swing:-

 

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