Real estate agency targets mortgagee and estate sales

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PHOTO: Greer Tulp – Thorntons Property NZ

With the real estate market correcting there will no doubt be a huge increase in the number of mortgagee auctions that are created. To this end a new division of Thortons Auctions has been created to capitalise on those opportunities.

PROFILE:

Thorntons Property NZ to deal with the niche market that is Liquidations, Mortgagee & Estate Sales. Due to the nature of these we figured there should be a different price point (commission wise) as they are already under financial stress. Also dealing with a business i.e public trust, bank or liquidator it’s a different level or service / communication. We are confident that due to the motivation of why these properties have to be sold, that we will get a large following of not only the typical mum & dad buyers but the large investment groups etc ….