At the time of writing this, I have not seen the figures for new properties coming to the market in January, but I suspect that they will be low. Anti-Money Laundering (AML) laws that came in to effect on 1 January force a greater level of due diligence by the real estate provider, slowing the listing process right down.
Initial reactions to this have been varied and in hindsight I would love to have seen more promotion around these new laws however as we are becoming more accustomed to the expectations on us from the Department of Internal Affairs, and as home owners also become more informed the process is getting a little easier.
We are exceptionally lucky as a company to have a dedicated Compliance Manager, looking after our, and your, interests! EVES will be working hard to keep everyone safe from litigation and we have just recorded a great video, explaining the process of listing your home for sale and the information you may need to provide your real estate agent.
If you are thinking of selling, contact any one of our EVES people and check out our video at eves.co.nz/AML.
EVES. Exceptional. Every day.