8. kennard real estate ltd
licensed 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 2011
Jan 555 Jan 490
Feb 857 Feb 464
Mar 979 Mar 527
Apr 787 Apr 678
May 767 May 736
Jun 753
Jul 741
Aug 656
Sep 432
Oct 586
Nov 719
Dec 694
9. kennard real estate ltd
licensed 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
10. kennard real estate ltd
licensed 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
11. kennard real estate ltd
licensed 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
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 properties
after every large shake
* How to handle EQC/Insurance claims between
vendor and purchaser
* Solicitor factor
13. kennard real estate ltd
licensed 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
