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APIA March Keynote: Pros and Cons of the Mortgagee Sales Process

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  • APIA March Keynote: Pros and Cons of the Mortgagee Sales Process

    Tuesday 9th March 2010
    Rutherford Room, Alexandra Park Convention Centre, Entry via Gate B cnr Green Lane West and Manukau Road
    Doors open 6.45pm for 7.30 prompt start

    APIA and the Waikato Real Estate Limited presents, Chas Wilson, Phil Horrobin and Stuart Goodare of Chas Wilson Realty Limited/Ray White City Apartments, on the steps involved in taking a property to mortgagee sale and the pros and cons of mortgagee sales.

    The short presentation will be followed by a panel discussion covering topics that include:

    * the mortgagee sale process;
    * property appraisal;
    * appointment of an agency;
    * marketing the property;
    * the risk of buying at mortgagee sale;
    * what happens when you can not gain access to the property;
    * what happens if the property is passed in at auction;
    * post auction sales;
    * can you make pre-auction offers.

    After this discussion we will hear from a regular buyer of mortgagee properties, Paul Reid of Icon City to gain his perspective. We will also hear from a solicitor who is regularly involved in mortgagee sales to add his perspective to the discussion. The panel will also address questions directly from the audience.


    Our Mission: to manage, enhance and grow your portfolio

    Waikato Real Estate is a well established property management company. We have a large base of property investors and specialise in the Hamilton investment market. Our team of experienced property managers are focused on providing a personal approach and helping build personal wealth and passive income.

    Why be with Waikato Real Estate Limited?

    1. Long established company - since 1965;
    2. High profile main street location;
    3. Open seven days means more tenant applications;
    4. Specialist property investors - all we do is rentals;
    5. Active member of Property Investors' Association.

    Why invest in Hamilton?

    1. Central transport hub for rail and road to Auckland, Tauranga or Hamilton;
    2. Location of the biggest hospital in New Zealand;
    3. Growing industrial infrastructure e.g. aluminium factories, Gallaghers means more potential tenants;
    4. Strong diary region - Fonterra forecasting high payout which will flow on to the local economy;
    5. Large University including 15,000 students;
    6. Greater opportunities to subdivide or build ancillary units; and
    7. Close to Auckland

    WE know the whole town of over 40,000 houses and WE know the hot spots.

    Contact WRE for free rental appraisal:

    You will receive:

    1. Full page rental report;
    2. Colour photos; and
    3. RPNZ information (when buying we can provide a QV valuation for $24.00 including GST)

    Waikato Real Estate Limited

    871 Victoria Street

    PO Box 128


    07 838 9988

  • #2
    Visit http://www.apia.org.nz/events?eventi...1-4a55dfa2b2d1 to register