One of the most important decisions to make when you buy an investment property is whether to appoint a professional property manager or manage the property yourself.
More than three quarters (77%) of landlords have their properties professionally managed by an agent, or have done so in the past, according to The Australian Landlords Panel 2012.
Both options needed to be carefully considered before making a final decision that is right for you. Continue reading Should you manage your own investment property? →
Looking for a house? Been to an Open For Inspection (OFI) lately? It’s imperative you ask the right questions when attending an OFI.
Buying a home is one of the biggest investments you will make in your life so it’s important you get the right information from the selling agent.
Here are the Top 12 `must ask’ questions when looking through a property.
1. How big is the block/home in m2?
2. How much is the home?
3. Is the price negotiable?
4. Why are the owners selling?
5. How long has the home been on the market?
6. What are the rates? Is everything council approved?
7. Has the owner made any extensions or alterations to the home?
8. Where is the nearest public transport?
9. Where is the nearest shopping centre?
10. Are the any easements or encumbrances?
11. Are there any restrictions of any kind in the area, i.e. covenants, demolition control, EPA etc ?
12. Is there anything else I should know about the home?
Why these questions you ask? To gain further understanding of the property.
As the buyer, you need to know that the property you are viewing fits your specific criteria, such as budget, property specifications and council regulations. These suggestions will also help with future goals such as the addition of new family members, potential renovations to the property and renting it out.
realestate.com.au
Top selling tips to win a sale
Many so called experts will tell you the Christmas-New Year period is not a strong period in the real estate market. Sure, real estate is not on everyone’s mind at this time of year, but all you need is just one buyer.
Consider that the Christmas-New Year break is actually our longest holiday period and as such it affords the best opportunities for buyers to travel and investigate their property options, particularly those who are being transferred into your area.
Of course, if you’re in a position where you have to sell, then it makes no difference to you what time of the year it is. And if you’re selling a well located holiday or investment property then there’s no better time to sell it than when holidaying visitors are in your neighbourhood.
The bottom line is that there are still buyers in the market at Christmas and it is only at this time of year that they have the time to spend looking at properties. Continue reading Selling at Christmas →
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