Blog
June 2017 - You’ve prepped the house, you’ve enlisted a property agent, your house has been photographed, and the advertising campaign is in full swing. Everything is going as planned and you’re feeling confident. Then, come auction day, you don’t receive any bids. After your initial confidence, this is likely to leave you feeling very disheartened.
June 2017 - It’s one of the most difficult decisions homeowners will make: Do I buy a new home before selling my existing one, or wait until it’s sold? Along the different stages of life, most homebuyers will consider moving location, upsizing or downsizing their homes at some point. So, when it comes to making this big decision, how do you decide which course to take?
May 2017 - The Block is a reality TV series on the Nine Network that follows four couples competing against one another to renovate and auction off properties. If there's anything that property buyers and property investors can get from the TV series, it’s an insight to the reality of what goes on in renovating and developing properties.
May 2017 - Buying property is an investment decision that should not be taken lightly. It requires an all-encompassing amount of research and decision making before a selection is finalised. And with close to every property being widely marketed to the public, it is important that investors carefully weed through the ‘glamorous’ advertising and the associated promises in order to make a wise property investment decision.
Building a property portfolio requires careful assessment of many factors related to aspects such as market conditions, financial requirements, the economic outlook, historical data and individual property analysis. Your personal goals, plans and risk tolerance should also be considered.
While the idea of buying your first investment property in Melbourne may be exciting, it brings with it a level of complexity and stress that you may not foresee. There’s much more involved than simply signing your name on the contract. The process can be overwhelming, especially for one who lacks knowledge about the entire process.
Being new to property investment may appear daunting however it’s an ideal time to consider and employ an effective real estate investment strategy. The ever resilient property market is seeing young professionals in their early twenties venture into investing, one property at a time.
Property investors need solid foundations to base their decisions on, that should comprise of the right information and property market know-how to be successful. Otherwise, it’s just a game and the players are only gambling. Here are some of the fundamentals to profitable real estate investing.
You will have seen this weekend’s auction clearance rates record. Melbourne’s clearance rate jumped from 69.2 percent last weekend to 79 percent this weekend. This is also a reflection of it being the first major auction weekend post the January holiday period. With interest rates still low, first home buyers, investors and up-graders in the market, now appears as good a time as any to buy property. Especially in the lead up to the Easter period late April.
As little girls growing up, we have all seen the Disney animated fairy tales where the prince rescues the commoner and falls in love, or the Hollywood movie ‘happy ever after’ endings. As women, we have been conditioned from a very young age by the media, the entertainment industry and even our families to assume we will meet our dream man (or woman), settle down and maybe even have children. And of course, we will live happily ever after…
Negotiating property is not a single skill but an entire arsenal comprising of research, strategy, psychology and when the occasion calls for it, plain instinct. Each situation is unique and is composed of several factors including people, which lends a certain amount of unpredictability to every instance. Knowing the foundation of what makes a successful negotiation allows you to steer through unexpected occurrences, to get the best deal for you.
Buying real estate is a major, long-term investment whether it’s for business or personal goals so decisions should be well thought-out based on the right information. Increasingly, investors and home buyers are opting to hire a buyer’s agent to help them with purchasing property. The buyer’s agent or buyer’s advocate’s job is to find real estate that meets your goals and negotiate the sale on your behalf.
