Archive for the ‘Blogs’ Category

  [caption id="attachment_8702" align="aligncenter" width="1024"] Why is location an important consideration in real estate? There are many reasons, actually. Read the blog to know more.[/caption] In buying a property, location is the first and foremost consideration. But no matter how many times it’s mentioned, it’s still a bit confusing as to why it is a major part of consideration. However, describing a good location could bring up different meanings to different people. In this blog, we will highlight why location matters especially if you are considering your property’s surrounding suburbs.   Related: As a first-time owner, should I buy now or wait?   Development Potential It’s important... View article »

 Shop around Do as many inspections for as many different properties as you can. Doing this will give you a rough estimate and a guide to what a property's probably worth. Arrange an inspection with the agent Once you get to the property, pay attention to the things such as: the home orientation carports positioning position on the block These would impact its position in the marketplace. Ask the agent some questions Some of the questions you could ask are: How soon does the vendor want to sell Why are they selling the property What is going to take to buy this property today Put a value... View article »

 Do’s  Ask questions Agents are there to sell the property and are probably the most knowledgeable people about the property there on the day. Ask questions such as: Has the property been renovated Why are the owners selling  Have you received any offers on the property How long has the property been on the market  Check if anything is broken Check for squeaky cupboards. Check the pressure of some of the taps. You are allowed to check to see if something is wrong with the property you intent to purchase. Related: 4 Things to Look for When Determining the Condition of a Home Take photos or... View article »

 Watch body language Non verbal cues offer valuable glimpses into a rivals buying power. One of the biggest mistakes is not watching the competition whilst bidding for a property. Check for competition speaking to their family as it indicates that they’ve reached their limit. If such a buyer comes back with a desperation bid, immediately place a higher bid which will equate to a knockout blow to the other competitor. Control the tempo  The faster the bidding the more likely buyers are to go along with it and place higher bids. Bidding in odd increments forces the auctioneer to more challenging arithmetic therefor... View article »

[caption id="attachment_8683" align="aligncenter" width="1024"] Capitalise on a cost-effective kitchen renovation and get a return on your investment. You'd be surprised that it doesn't take much to do so.[/caption] The kitchen is one of the few places in your home where all the family members gather. Long gone are the days when the kitchen is excluded and concealed in a home. At present, the kitchen doesn’t only serve as a place for dining. It’s also a place where a lot of conversations happen, decisions are made and happy memories take place. These are also the reasons why in selling a property, a... View article »

[caption id="attachment_8671" align="aligncenter" width="1024"] Of course you only want to get the best for your property. But how would you really choose the best real estate agent? Read the blog and get tips.[/caption] Do you need a suburb specific agent? In the past, Real Estate was transacted at a suburb level with property prices kept discrete and only disclosed in the local paper once a week. It was almost impossible to get historical data on previously sold properties from over a year ago. However, in today’s day and age with information being a click away it has replaced the need for a... View article »

  [caption id="attachment_8664" align="aligncenter" width="1024"] Buyer’s agents are licensed professionals who can help you with a couple of things. In this blog, we answer the most FAQs about them.[/caption] Since real estate is a big investment, a lot of people are smart to consider the expert opinion of real estate professionals. In this blog, we would talk about the frequently asked questions about buyer’s agents.   What is the difference between a real estate agent and a buyer’s agent? To simply distinguish the difference between a real estate agent and a buyer’s agent, we need to talk about the work that they do. Real estate... View article »

 Don't buy into the hype of a property  It is crucial to do your own research and inspections before committing to buying a property. This ensure no unseen nasties after the purchase. To find out about the suburb look at median property prices, expected interest rates and the ratio of buyers to sellers in the area. Visit the location that you’re buying in  Be very clear about what matters to you in an area: Major roads  Public transport Shopping centres  Schools  Cultural diversity  Check for planned infrastructure and immerse yourself in the community ie, go to a cafe or a local restaurant. Related: Location, Location,... View article »

 Is the vendor accepting offers? Check to see if the vendor is even in a position to accept offers. Some agents wont take any offers until a contract is available. Some properties are only permitted to be sold at auction. Find this information out early so that you know where you stand. Get your finances in order  Be certain that you have pre-approval in place. Have a satisfactory deposit on hand. If financing is neglected you may end up losing a deposit or being sued for losses. Sort out the contract Hire a legal representative to read the contract and ensure that you understand what... View article »

  [caption id="attachment_8643" align="aligncenter" width="1024"] In preparation for the 132 incoming Residential Tenancy Laws, we have prepared some of the best tips for managing your tenants.[/caption] In preparation for the 132 incoming Residential Tenancy Laws, I have prepared a very simple list of the best tips for managing your tenants, which we have used throughout our Property Management and Real Estate industry experience. Managing your investment yourself: Yes OR No? Managing your investment yourself can be a cost-effective way to invest in property, however, you’ll have a lot on your plate if you decide to manage your property on your own, without any assistance.... View article »