when the going gets tough

Download When The Going Gets Tough

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1. kennard real estate ltdlicensed real estate agent 2. kennard real estate ltd licensed real estate agentAlways feelMostly feltRumbles dont always feelDont usually feel or hear 3. kennard real estate ltdlicensed real estate agent 4. kennard real estate ltdlicensed real estate agent 5. kennard real estate ltdlicensed real estate agent 6. kennard real estate ltdlicensed real estate agent 7. kennard real estate ltdlicensed real estate agent 8. kennard real estate ltdlicensed real estate agent* Total sales in Canterbury in 200911,341* Total sales in Canterbury in 2010 8,526* Total sales in Canterbury to May 2011 2,895 2010 2011 Jan555 Jan490 Feb857 Feb464 Mar979 Mar527 Apr787 Apr678 May767 May736 Jun753 Jul741 Aug656 Sep432 Oct586 Nov719 Dec694 9. kennard real estate ltd licensed real estate agent* 2010 sales were 25% down on 2009s figures* 2011 year to date sales are 37% down on 2009sfigures* And 27% down on 2010s figures 10. kennard real estate ltd licensed real estate agent* We operate on the south-southwest side of thecity* Only small pockets of affected areas* Following a significant shake sales tend toinitially slow and some residents choose to flee* Start to increase again 4-8 weeks later* We envisage rising demand for property in thein the areas we operate* Demand, & prices to some extent, will be largelydetermined by what displaced homebuyers willbe paid out for their own properties* Prices may rise as a result of competitionparticularly for properties that have beenunaffected by the quakes 11. kennard real estate ltdlicensed real estate agent* Diminishing population as people flee* Damaged buildings/no go zones* Displaced residents/businesses* Loss of jobs through business closures* Traffic flows/directions have changed asbusinesses have relocated away from CBD* Damaged infrastructure i.e. roads, sewer,power, & water* Liquefaction* Uncertainty over which areas, streets, houseswill be red zoned* Uncertainty over what people will receive forproperties in the red zones and payouttimeframes 12. kennard real estate ltd licensed real estate agent* Large rent roll what to do and how to handle* Communication issues immediately afterwards* Insurance* Instant stand down of 21 days* No Insurance policies issued in this time* Insurance issues - examples* No Insurance No finance* Check status of clients & properties* Banks/Insurance companies wanting structural/builders reports redone after every large shake* Purchasers wanting to re-inspect propertiesafter every large shake* How to handle EQC/Insurance claims betweenvendor and purchaser* Solicitor factor 13. kennard real estate ltd licensed real estate agent* Offering landlords earthquake inspectionson their property/s* Establishing e-mail addresses & new contactdetails for solicitors* Insurance* Purchaser to take over vendor policy* Make sure policy is full replacement cover* Insurance clause inserted into contract* Listing a property for sale * Is the property in an area that will sell * Establish if any building/structural report * Establish EQC/Insurance claim status * Vendor funded advertising * Establish appropriate marketing campaign* Properties going under contract* Insert building/structural report clause* Insert Finance/Insurance clause* Insert handling/transfer of EQC/Insuranceclaims clause 14. kennard real estate ltdlicensed real estate agent 15. THANK YOU!!!!

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