When people think about flipping property, it’s usually houses and townhouses. Renovating to sell can be quite fun and very lucrative once you get the formula right, though between houses and apartments, houses can hold a lot more financial risk. Now don’t get me wrong, anyone can overcapitalise and lose money when renovating anything, so
Every listing we take to market starts off with two prices, the owners and the agents. Sometimes they meet and other times one’s higher and one’s lower. At the end of the day the only price that counts is what a buyer is willing to pay. The market is the market and against everything we
A popular way to take offers on a property is best and final. Like an expression of interest, best and final gives the opportunity for buyers to put their best foot forward and buy a property. Though there are somethings to be aware of. It’s a pretty simple concept, make your offer on a property
Over the years, people who are coming around to retirement or are already there begin to look at a logical way of living. These days, parents whose kids have decided to find a place of their own, bring their plans forward and move out of the high maintenance lifestyle sooner rather than later. The lock
The oldest trick in the book when trying to win a listing is to use someone’s greed against them. It is much easier to tell an owner they will get a number much greater than market value and get their hopes up. It’s in this mind set when you as the owner are most vulnerable.
Apartments can be risky business if you haven’t done your research. Having sold a high number of apartments throughout the inner bayside, Melbourne CBD and surrounding suburbs as well as the Geelong waterfront, I have experienced the pros and cons over the years. Here are some of the factors I personally look at when buying.
Sometimes when owners are selling their property they think, because they have time up their sleeve they can stay on the market longer. Generally, this type of owner is not agreeing with the advice of their agent regarding price and is happy to put a higher price on and stay on the market hoping someone
One of the biggest drivers in real estate is price. How much you advertise your property for will determine your interest levels, in turn, determining the speed of finding your tenant. The more people you get to choose from, the greater the chance you will find the perfect tenant quickly. Ultimately, having your property untenanted
Selling or renting, your first impression counts. Professional photography is one of the best investments you can make before any other. By an agent taking their own photos (unless they actually are a professional photographer on the side) or even taken photos yourself, to save a few hundred dollars is one of the biggest losses
One of the biggest traps in real estate is an agent selling you an inflated appraisal instead of a strategy to get the best price. It’s an ancient way of listing property which is passed on from over the hill agents to the young whipper snappers being brought up in the industry in the most