There are many possible reason for a seller to be unmotivated but believe me whatever the reason.... it’s better to move on quickly and find a motivated one than to try and motivate them yourself. Usually such sellers are out of touch with the market price of their property and...
Read MoreSometimes a property comes onto the market that is priced below market value. A property priced below what the market would normally pay is naturally not a common event. When this situation does arise, normally the whole market is quick to find out and multiple people want to purchase the property. Sometimes...
Read MoreBe careful going after the trophy property. Consider the fate of Hideki Yokoi who collected trophy properties. He purchased 9 French Chateaux, 4 British Castles, a Spanish Palace and the second largest mansion in America. Mr Yokoi then decided he must buy the Empire State building for his daughter, which he did. However, very quickly,...
Read MoreWhen buying, always be thinking about selling Often people can be too price driven on the purchase and fail to see they’ve purchased an undesirable asset. Buying a cheap unit in a block with a few hundred apart- ments and nothing unique about it, isn’t cheap - it’s expensive. You need to...
Read MoreWe could learn much from the way a surgeon goes about their job. They plan, prepare and execute - all three parts are critical to ensure a surgery is a success. So one way to handle a purchase is to think like a surgeon. Plan (in a reasonable time frame), prepare...
Read MoreSubscribing to every piece of property data, research house and reading every piece of negative gearing taxation advice can not educate, but actually confuse. Not only can it confuse, it can add unnecessary delays to your decision making as to whether a property is in fact a good one or...
Read MorePlenty of property flies under the radar – off market buys. Transactions still occur unadvertised – before market. You need to find the source of where these come from, because many of these off market buys can be the best ones to purchase. Why does this happen? Plenty of reasons. Some Vendors don’t...
Read MoreIndividual property sales have a funny way of repeating themselves. Something desirable that may have attracted plenty of competition 5 years ago, often produces similar if not stronger conditions today when being sold. Those that struggled to sell 5 years ago……..they will struggle again and again. A good property is almost always...
Read MoreBy going to the right agent, you can be certainly advan- taged in the purchase of your property. Real Estate agencies have different pay structures for different sales people in their office. With some prop- erty listings, it’s really important to be speaking with the right agent. The wrong one may see...
Read MoreLooking at comparable property sale prices is a great way to determine what a property is worth, but understand a comparable price is a snap shot in time, not a direction of things to come. A single snapshot is not enough to present a clear picture of where the market...
Read MoreWhen you need to pay over asking price. Some listings come on the market, where the price is pitched below market in a private sale situation. Many agencies will still have a tender period enforced, which may mean the final purchase price is over asking. Many buyers find this an impossible thing to...
Read MoreThe best way of demonstrating this is to have a look at the price of shares over the last 50 years. Long, gradual gains followed by sharp corrections. Whilst graphs charting the rise and fall of the Australian property market, of particular city markets is less available, I can guarantee...
Read MorePeriod homes cannot be rebuilt. They have scarcity and they often grow tremendously well in value. Off the plan apartments for example can be a dime a dozen. More choice may lead you to getting a better deal in the purchase, but remember when buying, always be thinking about selling. Scarce assets win...
Read MoreStory telling is entrenched into our lives. People want to own the home that Ned Kelly had a cup of tea in.. If you buy something with a story (which often hasn’t been told in the marketing), then you have a great selling feature when it’s time to move on with that...
Read MoreIts been on the market for while for a reason. Exploit it and use it to your advantage. Paul Osborne is a Melbourne Real Estate Buyers Agent, is an expert in real estate buying and selling having also worked as a real estate agent. He is a Melbourne specialist but his advice is...
Read MoreIt fits your needs and you have the means to pay for it. Either you have the cash in the bank or you’ve been approved for finance, for this particular property. Far better to go in with an approved mortgage to start with, it gives you greater negotiating power. You’ve done...
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