By Campbell McIlroy
Friday 28th April 2000
|Text too small?|
The Harcourts Card, a venture with finance company AGC, allows homeowners to borrow $500 to $10,000 to put toward marketing campaigns or making improvements to the property before sale. An average marketing campaign in Auckland can cost $2000-4000 and $1000-2000 in other centres.
The scheme is based on an Australian model which Harcourts says has enjoyed great success.
Research shows most properties sell within 100 days, after which the vendor can either pay back the debt, avoiding any interest charges, or pay off the balance in instalments.
The card has an application fee of $35, with approval taking as little as an hour and funds available within 48 hours. After 100 days, interest is charged at 21% with a minimum monthly repayment of 3% of the balance.
No comments yet
Supreme Court strikes out Trinity tax appeal
MARKET CLOSE: NZ shares fall; Air NZ dips on gloomy outlook, investors cash in recent gains
NZ dollar little changed as hopes grow for clear signal on US rates from Yellen
TVNZ annual profit sinks 55%; resumes full dividend payment
Cavalier returns to full-year profit after year-earlier impairments; revenue falls
KiwiRail posts $85.5M 'above-rail' FY earnings, despite falling freight
Hot Stock- Crown Resorts
Air NZ shares edge up as earnings outlook hangs over record 2016 result
SkyTV earnings per viewer fall as programme costs rise 11.6%
Seeka hikes interim dividend as first-half profit almost doubles