Property Investor Flips Family’s Papakura House For $81k Instant Profit

A young couple sold their South Auckland home to sell it. They were shocked to discover that the property had been “flipped” by an investor at settlement for an additional $81,000. Bellfield Estate is a brand new, family-focused development located next to Opaheke Park in Papakura. Designed with community in mind, it boasts lush landscaping, modern architecture and safe, pedestrian friendly streets. Although “agent” is often used interchangeably with “broker”, they are not the same thing.

Trust is key when selling or buying a home. This is why you want to work with people who are active in the community and know the area well. NZ’s largest real estate company – Expert Agents specialize in residential, commercial, and industrial properties. This guide will explain why spring is a great season to put your property up for sale ,… Each RE/MAX office has its own owner and is licensed under the Real Estate Agents Act 2008. This area is quickly becoming one of Auckland’s most desired and sought-after areas.

Redcrest Avenue, Red Hill

He had planned to rent the property out but the purchasers made him a good offer so he decided to sell. He only learned the house was being re-sold when Wu brought the Chinese group through during a final inspection and it emerged they were new buyers. Wu, who had earlier indicated he planned to subdivide the property, found the buyers through his own networks and sold the house privately, Hoverd claimed. Just days after settlement, Wu and Newman Hoverd, Booths’ agent, arrived to inspect the property.

“It was done to conceal known defects and mislead potential buyers, such as the plaintiffs, into believing that the property was good quality and had no leaking issues. The couple visited their new home the next day during heavy rains and discovered that water had entered the property. The couple purchased the three-bedroom Goodwood Heights property in March 2020 for $665,000 from First Trust Limited , which is owned by respected Queen’s Service Medal recipient Davinder Singh Rahal and his wife Jivan. A young couple have been awarded $900,000 in damages after being duped into purchasing a rot-infested leaky house by a businessman in what a judge described as “quite literally a cover-up”.

Also, you should take reasonable steps to ensure that individual concerned is aware of the various matters dealt with in this policy. We will contact the person and inform them of the circumstances of collection, if it is possible. Consisting of 9 brand new terrace houses, including 3 lots which each comprise 3 Bedrooms, 2.5 bathrooms and 1 carpark. Don Ha Projects announces new terrace housing at Clevedon Road. Consisting of 9 brand new terrace houses, including 6 lots which each comprise 4 Bedrooms, 3 bathrooms and 1 car park….

Water was entering the house, dripping down internal walls and pooling on the floor. Wroe filed civil proceedings in July last year against Rahal and FTL, Mehta and the building inspection firm, and against Bal and Local Realty Limited. Both men signed affidavits attesting to the history of weathertightness issues on the property. Hinton’s decision states that Bal suggested using Metsons Limited, a building inspection firm. Gurbir “Gary”, a Century 21 Papakura agent, marketed the property. He is also the director of Local Realty Limited.