Don’t chase the market down. by Neil Jenman Something terrible is happening to a lot of agents. They’re not making sales. Real estate salespeople are starting to go weeks, even months, without a commission cheque. But if it’s bad for agents, it’s also bad for the people who traditionally pay the agents – the property [...]
Like most people, you’re probably confused by the daily bombardment of mixed messages about the state of the property market. Are you finding it difficult to make sense of the conflicting information? Well don’t. The market is going through a transition period where some properties will remain stagnant, others will rise and some will fall. [...]
There are some realities about owning &managing an investment property that landlords should accept before they become landlords. If not, the investment property that was meant to serve you as a rock solid performer can cause unwanted expenses, energy and stress. It is commonly accepted that tenants on the whole will not maintain a property [...]
Many would-be investors are caught out when they purchase an investment property. The reason being the yield is simply miscalculated in many cases, leaving the new investor having to find additional finances in order to cover the mortgage repayments. The stated return in the agent’s advertisement seemed a plausible 6% pa. With interest rates at [...]
by Terry Ryder. creator of hotspotting.com.au Introduction: It’s a buyers’ market but the only active people are sellers There’s more property for sale across Australia than at any time in the past three years. Melbourne, which had relatively few homes for sales a year ago when the market was strong, now has record numbers of [...]
Over the years we have seen thousands of people come through our doors looking for their dream home, only to find it’s out of their reach. These buyers have found it necessary to compromise on their dream in order to stay within approved lending limits. I see this as a good thing. Since the deregulation [...]
Adding value vs overcapitalising When it comes time to sell, many face the difficult to answer question – what should we do before putting the home on the market? It is a challenge trying to work out what improvements will add value above and beyond the cost of the improvements. Will the buyers respond favourably [...]
If you don’t know the tricks used at auctions, you are certain to get hurt. Most auction agents have no regard for your feelings. They want a sale and they don’t care who they hurt. If you are inexperienced at home buying, you should avoid auctions altogether. The financial loss of a few hundred dollars [...]
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