Are Real Estate Agents allowed to list on Property Billboard?
Can I list International Properties
How do I contact a member about their listings?
How is Gross Yield calculated?
How long does it take for my listing to get approved?
How long does my listing last on Property Billboard?
How many documents can I upload for a listing?
How many images can I upload for a listing?
How many properties can I list?
How much does it cost to use Property Billboard?
What assessment criteria used for approving listings?
What format do my photos need to be in?
What is a Double Settlement?
What is an Assignment?
Why is my listing not showing up yet?
Why is Property Billboard Free?
Why was my property listing rejected?
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| Are Real Estate Agents allowed to list on Property Billboard? |
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No - Property Billboard is exclusively for Investors/Traders/Private Sellers. Real Estate Companies or individuals selling property deals on behalf of other companies are not permitted to list on Property Billboard.
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No. Property Billboard is designed for New Zealand investment properties only.
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Each listing has a contact link. Clicking on the link will take you to a page that gives you the contact details of the owner of that listing, and allows you to send them an email directly about the listing. In order to protect the privacy of members, you can only view other members contact details when you are logged in.
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Gross yield is found by dividing the annual rental return for a property by the purchase price of that property.
For instance, if a property costs $400,000 and rents for $600 per week:
$600 per week multiplied by 52 weeks in a year is $31,200 per annum.
$31,200 per annum divided by $400,000 purchase price is 7.8%
This means the gross yield for the property in this example is 7.8%.
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| How long does it take for my listing to get approved? |
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To ensure Property Billboard maintains a high level of quality properties on the website, individual listings are manually approved. This usually takes place within 24 hours of the property deal being listed.
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| How long does my listing last on Property Billboard? |
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A Property listing lasts 90 Days on Property Billboard. In the manage listings section you can change the status of the listing and delete it. After 90 days the listing with be stored in expired listing.
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5 Documets per listing
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20 images per listing
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Unlimited, Our only requirement is that all deals meet the Property Billboard assessment criteria
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Nothing! propertybillboard.co.nz is made by investors for investors and is completely free to use. The more investors using Property Billboard the better!
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| What assessment criteria used for approving listings? |
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In order for a listing to be approved for viewing on Property Billboard, it must comply with one (or more) of the following guidelines:
- Min 10% Below Registered or Government Valuation
- Above 8% Gross Yield
- Potential to add significant tangible value through subdivision, renovation, construction, or similar.
- Potential increase in value prior to settlement (ie very long settlement)
Additional Compulsory Criteria:
- Listings must have full details of a deal and not just link to another website for more information or not just state "contact me for more information".
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Your images need to be in jpeg format and smaller than 500 kilobytes (half a megabyte) in order to be uploaded.
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A Double Settlement is where a buyer buys and sells a property on the same day. This is also referred to as "Contemporaneous Settlement"
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An Assignment is when all rights and interests in a Sale & Purchase Agreement are transferred to another party for a set fee... this fee is negotiable between parties. The fee is referred to as an "assignment fee" or "finders fee"
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Each property is manually approved by Property Billboard. This is to ensure that we only have property deals that meet our listing assessment criteria
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Property Billboard was created for property investors, by property investors. In 2006 of a group of property investors who needed somewhere to find deals to buy, and somewhere to advertise deals to trade, came up with the idea for Property Billboard.
The idea was to create an open marketplace specifically for New Zealand property investors, where we could all come to buy and sell investment property deals. Naturally the greater the number of investors using this marketplace the better it is for the overall property investment community (including us)... so after a few months of development propertybillboard.co.nz was launched and is completely free to use without restriction. Our only requirement is that all deals posted on the site are to be of investment nature.
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All property listings are manually approved by the team at Property Billboard. We want to ensure that the site is only offering investment properties that are attractive to investors that are visiting the site. You will be notified by email if your listing does not meet the standards required in our assessment criteria. |
