kennard real estate ltdlicensed real estate agent

kennard real estate ltdlicensed real estate agent

Always feel

Mostly felt

Rumbles – don’t always feel

Don’t usually feel or hear

kennard real estate ltdlicensed real estate agent

kennard real estate ltdlicensed real estate agent

kennard real estate ltdlicensed real estate agent

kennard real estate ltdlicensed real estate agent

kennard real estate ltdlicensed real estate agent

kennard real estate ltdlicensed real estate agent

* Total sales in Canterbury in 2009 11,341

* Total sales in Canterbury in 2010 8,526

* Total sales in Canterbury to May 2011 2,895

2010

Jan 555

Feb 857

Mar 979

Apr 787

May 767

Jun 753

Jul 741

Aug 656

Sep 432

Oct 586

Nov 719

Dec 694

2011

Jan 490

Feb 464

Mar 527

Apr 678

May 736

kennard real estate ltdlicensed real estate agent

* 2010 sales were 25% down on 2009’s figures

* 2011 year to date sales are 37% down on 2009’s

figures

* And 27% down on 2010’s figures

kennard real estate ltdlicensed real estate agent

* We operate on the south-southwest side of the

city

* Only small pockets of affected areas

* Following a significant shake sales tend to

initially slow and some residents choose to flee

* Start to increase again 4-8 weeks later

* We envisage rising demand for property in the

in the areas we operate

* Demand, & prices to some extent, will be largely

determined by what displaced homebuyers will

be paid out for their own properties

* Prices may rise as a result of competition

particularly for properties that have been

unaffected by the quakes

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 as

businesses have relocated away from CBD

* Damaged infrastructure i.e. roads, sewer,

power, & water

* Liquefaction

* Uncertainty over which areas, streets, houses

will be red zoned

* Uncertainty over what people will receive for

properties in the red zones and payout

timeframes

kennard real estate ltdlicensed 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 properties

after every large shake

* How to handle EQC/Insurance claims between

vendor and purchaser

* Solicitor factor

kennard real estate ltdlicensed real estate agent

* Offering landlords earthquake inspections

on their property/s

* Establishing e-mail addresses & new contact

details 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/Insurance

claims clause

kennard real estate ltdlicensed real estate agent

THANK YOU!!!!