Mortgagor sale vs Distressed Vendor vs Bankrupt Estate vs Deceased Estate OK, so you’ve found out a property is on the market because the Vendor is having a cash crisis and needs to sell or The mortgagor has taken possession of the property and is forcing a sale or The owner of the house...
Read MoreThere is money in real estate – no question – but where is there the most money? Unlike many business models which have a manufacturer/wholesale/retailer vertical path, real estate generally has only one path and that’s direct to the buyer. So where a manufacturer has to sell to a wholesaler at...
Read MoreAccording to the International Valuation Standards Committee, Market Value is: “the estimated amount for which a property should exchange on the date of valuation between a willing buyer and a willing seller in an arm’s-length transaction after proper marketing wherein the parties had each acted knowledgeably, prudently, and without compulsion.” I think...
Read MoreNo, a member of the council has not come out and looked at the home! Yes this can be a nice guide, but often means very little in determining what a property is actually worth. The council valuation is a measure of what the property is worth for the purpose of determining...
Read MoreNewspapers and magazines can be full of sensationalised property stories. They certainly can affect the market, but it doesn't make what they're describing correct. What you read may not be the truth or even close to it. I repeat this message several times in this website, but let me say it again....
Read MoreAligning one sale as your best comparable when researching the potential value of a property can be dangerous. Sometimes abnormal sale results occur. These can happen for a number of reasons. We've seen unusual auction circumstances such as where a husband and wife were separating, and they've both bid at their own...
Read Moreno guaranteed way of determining future growth Many think that because a suburb has grown by an average of 10% each year over the past 10 years - that 10% growth per year will be expected moving forward. This doesn't mean that a trend will occur in this normal manner. Fact is...
Read MoreOften three different classifications are used for labelling the current state of the property market. The property market can either be a sellers market, a buyers market or a balanced market. Sounds very simple, yet sometimes it's best to keep things nice and simplified when looking at an entire market and...
Read MoreThe internet is where the market looks, so it pays to keep track of the progress of property campaigns. Most search sites will give you the amount of hits that a certain property has generated. While a simple tip, this gives you great information as to the level of exposure the...
Read MoreWe can often avoid talking about the private sale market, which is actually bigger overall than the auction market. Many private sales are behind closed doors - so it’s harder to gauge market conditions in these sales when compared to auctions. The list price to sale price is a pretty good method...
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