Law Society urges vendors to use agents

Vendors who try and sell property themselves can often be worse off financially than if they used an agent, the Law Society of NSW has claimed.

The Law Society of NSW, which is providing consumers with a series of guides on the buying and selling process, said agents were best placed to help vendors navigate the sale of their most prized asset.

President of the Law Society of NSW, Justin Dowd, said it’s important that vendors understand their legal obligations when buying or selling a property. Continue reading Law Society urges vendors to use agents

Property Investment: Is It Time to Buy?

People investing in property or upgrading the family home are expected to bolster Australia’s property market into 2010.

But plenty of economists are still warning that Australians are paying the highest ever house prices relative to income.

Even finance gurus like “Rich Dad, Poor Dad” author, Robert Kiyosaki, are saying the biggest-ever real estate bubble is about to burst. So how do people know if it’s the right time to dip their toe in and buy an investment property? Continue reading Property Investment: Is It Time to Buy?

DIY: How to repair a hole in the wall

If you have plaster walls in your home, chances are you’re going to have some kind of damage.  It could just be cracks but very often, you’ll get a hole in the wall where furniture or a wayward door has accidentally hit it too hard.

Isn’t it funny how we usually manage to ignore this damage until it’s time to sell! So here’s a quick fix on how to patch a hole in a plaster wall — you’ll be wondering why it’s taken you this long to do it! Continue reading DIY: How to repair a hole in the wall

Property the best investment – past, present and future?

A recent study by ANZ Research – Asset Returns: Past, Present and Future – has provided some clear answers.

For as long as people have been securing their financial futures, a debate has raged as to what type of investment offers the best long-term returns.

Well, the study has provided some clear answers:  residential property has outperformed all other asset classes over the last 24 years.

Continue reading Property the best investment – past, present and future?

Deceptive property ad descriptions that disappoint

Unfortunately the idyllic country scenes do not deflect from the fact that this supposed country dream home may soon become your mountain nightmare.

Many purchasers report that they feel that real estate ads often exaggerate the features of properties for sale.

Yet agents frequently report that when it’s their turn to sell, many proud home owners just can’t help wanting to ‘oversell’ their property by insisting that every feature of their home is highlighted in every ad, or by describing their home as having ‘four bedrooms’ rather than ‘three bedrooms and a study’.

While artistic licence is commonly used in real estate ads, blatant use of said licence can, and will, work against your property.

So what does a real estate ad really need to achieve? Continue reading Deceptive property ad descriptions that disappoint

Selling with Tenants

It can be a curly question:  How do you  sell a property while the tenants are still in place?

Retaining tenants during a sale certainly keeps the rental income coming in.  Also, unless the property is dirty and untidy, it will usually present better with furniture and household items making it look lived in and camouflaging wear and tear.

However, there are times when a tenant in residence could be a financially less rewarding scenario. Continue reading Selling with Tenants

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