ZT: Presentation is everything???

NewLynnHse

Window-dressing lifts price $162,000 in three months

http://www.nzherald.co.nz/property/news/article.cfm?c_id=8&objectid=11159758

A four-bedroom Meadowbank home bought for $973,000 in May was sold for $162,000 more three months later despite no renovations - a feat the agent puts down to the hired furniture he used to stage it.

The only touch-ups to the property between the sales were a lick of paint to some rooms and a tidy-up of the gardens.

A Chinese couple bought 7 Beere Place for $973,000, but put it back on the market two weeks later with an asking price of $1.180 million. They sold it in August for $1.135 million - $235,000 above CV - to a New Zealand couple with two children who intended to use it as a family home.

But an Auckland woman who looked through the property said it was "unloved" and needed a lot of work. It still had its three original 1970s bathrooms, original kitchen, cracked tiles, dripping taps, a leak next to the pool, old and dirty net curtains and a damp smell downstairs.


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