Putting a deal together

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Well had an interesting day yesterday driving to Russell in the Bay of Islands and back.
There was a property for sale due to financial difficulty so I got it under contract and went to check it out.

Due to its shape and location it was useful to have an adjoining property with it to enable further development. So before I arrived the agent, who I did not know at all, had contacted the neighbouring properties and negotiated with all of them to sell!! This again shows the power of a good agent!!

So I came home with 5 titles under contract instead of 2 and the opportunity to complete, (or trade) a coastal development.

The other interesting thing was that 2 of the vendors never even queried 6 months settlement and the third, who live on site, were greatly relieved when I offered to settle in a year or two.
The power of long term settlement.

It was interesting to note the value range of coastal property as it relates to views.
I have 3 properties right next door to each other, same size sites with varying quality dwellings.
One has no views or possibility of views and is worth land value only, low 300′s. The next property has possible views, land value mid 400′s. The next property has great views, high 900′s.
The 2 sites behind are more elevated and have very good views that can’t be lost, valued at 1.5 mil.

So never underestimate the power of a good agent, when you find one, stick with them!!

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