Do you own a holiday home or waterfront property in Marlborough? Or do you wish you owned one? Have you decided it’s time to sell your bach? If you answered yes to any of these questions then read on, because this week’s article is for you. We caught up with Georgia Ryan, one of our Marlborough Sounds/Waterfront experts here at Bayleys Marlborough. Georgia has lots of advice for owners who are closing their holiday homes for winter, or thinking of selling. She also has a few tips for those of you who are hoping to invest in a home for your holidays next summer!
Q: What sort of jobs should bach owners complete if they’re closing up their holiday home for the winter weather?
A: A general tidy up around the entire property is hugely recommended especially the following jobs;
- Clean out all drains and gutters to prevent water leaks or flooding from any blockages.
- Chop and gather your firewood so you can enjoy your cosy bach throughout the colder months
- Trim back the trees and bush and mow the lawns.
- Give the pantry, fridge and freezer a good clear out of old expired food.
Q: How can bach owners continue to enjoy their holiday home over winter?
A: Winter is one of the most relaxing times of the year to spend at the bach. Snuggle up in your winter woolies by the fire reading your favourite book. Gaze out at the movements on the water. Enjoy watching your feel-good movies on repeat. Most importantly, just rest! I always think it’s a shame to stop using your bach throughout the winter months. It’s easy to find different ways to make the most of it.
Q: What extra articles should bach owners take with them if they’re planning a trip to their holiday home in mid-winter?
A: Woolen hats, extra socks, a rom-com DVD and English Breakfast Tea
Q: If somebody is thinking of selling their bach, waterfront property or holiday home why is winter a great time to do so?
A: There are three important reasons as to why winter is a great time to sell the bach or holiday home;
- Waterfront property and bach buyers are generally not passive buyers. Instead, they are looking for the right property that ticks boxes for them. The time of year to secure this property does not determine their movements. If the right property comes to the market, these buyers will jump at the opportunity whatever the season or weather.
- Also, most buyers are looking for a bach to enjoy for the forthcoming summer. Available properties will not always fit a prospective purchaser’s needs or desires in terms of décor. For that reason, they will often welcome the opportunity to prepare the property for themselves over the colder months. This leaves them free to enjoy and relax come summer.
- Finally, traditionally the winter is a quieter time of the year for new listings across the entire market. This can sometimes mean fewer properties for buyers to choose from. We have had record months for deals completed over the winter period. Real estate will still move whatever the season!
Q: What presale preparation should be undertaken by vendors to ensure they achieve the best price for their waterfront property, bach or holiday home?
First impressions are absolutely everything! Declutter the dwelling to have clear and clean surfaces. Less is best. Ensure the grounds are maintained and tidy. Ensure the house smells clean! Odours can be very off-putting for the prospective purchaser.
Q: Why is selling a waterfront property, bach or holiday home different to selling a residential property?
A: There are some specific features and logistics very particular to this type of property, and it is imperative to know exactly what you are talking about. This includes details around the services such as effluent systems, water supply, boundaries, Foreshore Reserve, details regarding the legalities around any water assets the property may have or have access too. There is also a large amount of travel involved with selling Sounds properties. All viewings are conducted individually so we can provide each party with the deserved time they need to understand the property entirely.
Q: Why is specialist agent support important when it comes to marketing waterfront properties or holiday homes?
A: It’s essential for an agent to have a thorough understanding of the area and the property and other properties in the same location. Specialist agents will also understand the hands-on work required with the specific features and logistics that are particular to the Marlborough Sounds. It is also crucial to have a good knowledge of the local businesses in the area that may affect Sounds property.
Q: What methods of sale should be considered when selling waterfront, bach or holiday properties and why?
A: This depends on the property. We’d consider what the property offers, who is going to be the likely buyer and what this buyer’s situation will look like. All that said, I am a big advocate of no price campaigns such as auctions.
The advantages of an auction are;
- There is a timeframe approach, providing clear instruction to any buyer that there is a deadline for when the seller would like the property sold.
- The process is entirely transparent. Buyers are aware of what other interest there is and what level that lies at.
- An auction ensures competition. If there is more than one buyer, you are sure to have achieved a result that is likely the buyer’s top dollar. Also, it is a good feeling for a buyer to have purchased something someone else wanted.
- If there is more than one buyer on the day bidding, market value will be determined.
- Your property becomes SOLD on the fall of the hammer. All bids must be unconditional. Therefore all interested parties will have had to complete their due diligence before the auction. This reduces any risk factors that can arise from conditional offers.
- And finally, the vendor is always in control. The vendor will determine the settlement date and the reserve price.
Q: Do you have any tips for buyers hoping to secure a waterfront, bach or holiday property? Especially first timers.
A: It’s really important for buyers, especially first-timers, to visit the Sounds on their own prior to engaging with an agent. Spend a day or two driving or boating around all the different areas of the Sounds. Any buyer needs to understand there is travel (road or boat) involved and massive variances in the different Sounds, being Queen Charlotte Sound, Kenepuru Sound, Pelorus Sound and the Port Underwood. Enjoy a day driving and getting to know what the roads are like (very windy). Enjoy picnic meals at some of the Reserve areas and swim at some of the beaches. Consider the proximity to amenities, and understand the different sun aspects in different areas. Think about the privacy each area provides and the topography/steepness of the land and their proximity to the nearest beach or waterfront. Also, it is important for any buyer to have a rough understanding that all properties in the Sounds rely of self-sufficient services such as water supplies and effluent systems. There will be things you need to know to ensure they run efficiently and correctly. Having carried out your research you will have a clearer idea of where you would like to be and what will be involved with owning a waterfront property or holiday home in the Sounds.