Hi [name] and welcome to my Weekly Insight for Monday 2nd December 2013
Quote for the week:
"If you got your appraisal wrong say so quickly! Leaving your clients in the land of delusion means you simply don't get paid!"
DELIVER THE MESSAGE
The change in the LVR from the Reserve Bank is biting really hard now and the impact is simply spelt out:
A few weeks ago a buyer with $100 000 deposit could pay $500 000, $525 000, $550 000, $575 000 or even over $600 000 depending on their ability to service the loan. Indeed that buyer could spend over a MILLION!
Now they can ONLY PAY $500 000!
Make sure YOU and your CLIENTS understand that!
It's the new reality.
Your appraisals of of a month ago, or older, need to be revisited!
Those who are coping with this are still selling well. Under the hammer too!
Have an awesome week being the best you can be.
Have fun, make friends and money!
Posted: Sunday 22 April 2018