Think not what we are prepared to pay, but at what price are we prepared to miss out? You might find this brings two very different answers. Curious but true. Surely these questions should elicit the same answer. The price we are prepared to pay... should be EXACTLY the price at which...
Read MoreSo! Find out why it’s cheap. Is it a problem property? Something wrong with the neighborhood(Eg, a lot of housing commission properties, a noisy childcare center two doors down, the “open land” next door has recently been rezoned and a block of apartments is going to be built next door –...
Read MoreIf a property is described as quint or quirky - beware. You might like quirky and quaint, it might suite your style. The problem is quirky and quaint when i comes to real estate are terms that are used to describe a property that has some charming features, but a...
Read MoreSometimes you need to stretch to buy good real estate. Why? Well good property doesn't come around often. You have a price limit and you want to stick to it. But miss out and we're talking months back on 'the hunt' looking for that ideal property. (Paul - DON'T confuse this with...
Read MoreIt's perfectly natural to have hesitations when you're close to buying a property. Is this really the best property for us? Are we getting the best deal.? What if one of us is downsized in 2 years and we are left with a smaller income? What if we get pregnant....
Read MoreWhen people think the market is going to rise, they spur a movement for it to happen. People jump in, increased demand drives price. Many different factors can make people think the market is going to rise. Government incentives, a few weeks of good statistics, a stretch of lower or...
Read MoreIn negotiations, negotiating for yourself can become difficult - it is sometimes harder to see the other side and harder still to remove that emotional element from the transaction. Buying a home is an emotional experience. This house is the "the place where we will grow old together / where...
Read MoreIt's very easy to be confused in today's property environment - Everyone's a real estate expert, at dinner parties, bbq's, and at the local pub. People are very quick to direct you to their advice as to what you should do. Buy now the market i about to boom. Don't buy...
Read MoreWhy not rent your home and start with the investment property instead. So many people jump for the big house purchase as their first buying experience. The first home buyers grant incentivises this. But think about !lice and Ray in the previous example. OK, in your case you may not have...
Read MoreThey lose out every time. They refuse to go the extra few thousand dollars at each auction/private sale for a property that they were interested in. They justified this with; 'the markets going to turn at any point'. They rented a property instead whilst they waited for the right property to turn...
Read MoreAvoid the herds and their way of thinking. When people say it's not a good buy, ask why? Let me give you an example. Sally recently purchased a fabulous apartment. She was told it was too expensive for a two bedroom by her peers. Sally could see that the lounge was huge...
Read MorePay for expert advice - accountants, solicitors etc. Get your structure set up right. For some people it may be best to buy in a company or a trust. Should you negative gear? Should your property go into your mortgage fund? What's the end result for you going to be...
Read MoreWhen the property market is in a lull or a down period, it's an art to pick the bottom - when prices will drop no further. Here's the tip, when everyone is suggesting that the market is terrible and that it's only going to get worse - that's often the...
Read MoreYou snooze, you loose. Some of the best property purchases are the result of quick decisions. People we know have bought a property, within just a few hours of deciding they wanted to buy. This is especially the case when you have been looking for a while. You understand the market,...
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