It all starts with two simple questions; 1. Why do you want to sell? And 2. Where to …
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Once you’ve decided to sell your place, walk around the whole house, both inside and outside, and ask …
Improving cosmetic appeal can help to increase the property’s selling price. Some of the more cost effective improvements …
If you’re making some minor cosmetic enhancements, while you’re at it, it’s a good idea to consider anything …
Choosing an agent based on commission Point – There’s a difference between a great agent and a cheap …
Choosing an agent based on company Point – Companies don’t sell homes, people sell homes. Takeaway – Real …
Choosing a local agent Point – There’s some minor relevance here, but nothing close to how it used …
Choosing an agent to price and sell my property Point – Agents don’t determine the price of a …
Choosing an agent altogether Point – Do I even need an agent to sell my property? Takeaway – …
Choosing the right agent Point – Is the agent likeable and trustworthy? The agent will be managing the …
Once you’ve chosen your agent, next comes the paperwork. A contract between the vendor (seller) and the agent …
The contract of sale will include things like; Title documents Sewerage and drainage diagram Property inclusions and exclusions …
The price is number one in the top three most important things when taking a property to market. …
There’s a number of things to take into consideration when pricing a property however, some of the more …
There are two main ways to sell a property. By auction or by private treaty (for sale). Let’s …
When a property is sold at auction, or on auction day, the contract generally tends to be an …
The presentation is number two in the top three most important things when taking a property to market. …
Properties that best suit styling and staging are those that have been recently renovated. Whether that renovation was …
Properties that wouldn’t particularly suit styling and staging are those that haven’t had any recent renovation work done. …
As every property is unique and different, it’s best to consult your agent. If the property is to …
Marketing is number three and makes up the trifecta of the top three most important things when taking …
Investing in professional photography is another one of the best marketing decisions you can make. As the saying …
Video helps to promote and showcase your property a little differently to just using photos. While photos and …
Think of the floorplan as like a bird’s eye view of your property without the roof on. You …
Good copywriting complements good photography and video. A picture is worth a thousand words. The right words help …
The signboards job is to proudly display your property’s market presence. It lets people know that, for the …
The king when selling your property. Even in the most basic form, it’s absolutely crucial to get your …
Brochures typically involve gathering the general property information, photos, floorplan and copywriting to put together to present as …
Remember when you used to go to the mailbox excited to open it up and receive bills? Neither. …
The original online advertising when selling a property, but in paper form. Again, not something as relevant today …
Due to various options and the limitless sizing of a marketing campaign available, there’s no set pricing that …
Getting the timing right means scheduling the times for the opens to correlate with the property’s ‘prime time’ …
While not always the case, it’s generally best to consider things like the time of year and how …
As for seasonality, spring has traditionally been referred to as ‘the selling season’ due to good weather, blooming …
During a campaign, selling agents manage potential buyers that come through the property to see who’s genuinely interested. …
Interested buyers are active but not 100% ready – They’re ‘testing the waters’. They’re looking to see what’s …
Ready buyers are active in the market. They have their finance approved and just need to find ‘the …
Ready to offer buyers are done looking. They’re ready to buy and may have already made a number …
Once feedback from buyers has been received either in person, on the phone or both, selling agents will …
The sweet spot or the ideal ‘shelf life’ of properties for sale in capital cities is usually 28 …
Allowing for market conditions, buyer sentiment and the property being priced correctly, you should have received at least …
When dealing with offers, the agent should notify you, based on their analysis of the current market conditions …
Bargain buyers just want a deal. They’ll usually throw out lower, less desirable offers hoping that eventually, one …
Mid-range buyers are ‘in the race’. They understand that there’s competition but they generally like to see more …
Premium buyers just want it. They like what they see and will offer what they can to maximise …
In bull markets (hot / seller markets), where active, ready to offer buyers just want to buy a …
In bear markets (cold / buyer markets), buyers usually want to see more value and pay less than …
The way buyers operate will depend on their; Participation – How involved they are Motivation – How soon …
If the property is scheduled for auction, the agent may advise you if you’d be better off waiting …
When you originally listed the property with the agent, you chose the agent as they were the right …
Generally speaking, when the market is doing well; Auction clearance rates and property prices are higher and days …
In the days leading up to the auction or even on auction day itself, you would usually meet …
There’s a few options here. Once bidding comes to a standstill, the agent will update the vendor on …
If the property doesn’t break reserve, it will be passed in. Once a property is passed in, negotiations …
Once the property is sold, the next stage is for the buyer to pay the required deposit and …
From exchange of contracts it usually takes four to eight weeks until settlement. This is where both yours …
The process of presentation for marketing will usually look something like this; Styling and / or furnishing (if …
Building inspection reports are usually written reports of the visual condition and basic findings of the property’s condition. …
Making some low cost, simple cosmetic enhancements and improvements can work wonders to rejuvenate a tired looking home …
This all generally comes down to how regularly the item is used, what it’s used for, its expected …
While the collective property market can be referred to as ‘the market’, the reality is there’s many markets. …
Unfortunately, there’s no one-size-fits-all answer. So many factors and considerations need to come into play as everyone’s situation …
Which property makes it easier to work out the value? Commercial Why? While the value of a commercial …
There are different types of home ownership titles. This is however, something that works more around the legal …
Once you’re fully prepared and ready to lease your property, get the agent you’ve chosen to manage your …
Traditionally, when looking to purchase a property you would just do it by yourself and/or with the help …
Property investors looking for development opportunities could be looking at the potential land use in a number of …
Before the tenant moves in, the agent will go around and complete a condition report. A condition report …
Which property does better or has stronger prospects for capital growth? Residential Why? Demand. Residential properties can be …
Residential property is more about emotion. Commercial property is more about the numbers. When residential properties are bought, …
Pest inspection reports involve inspecting for pests and other nasties lurking in the property. In particular, the existence, …
As you would have already guessed, transacting in property isn’t cheap. On top of the purchase price, below …
After you’ve moved in and set up your new place, it’s only natural that you might want to …
If your application is successful, you’ll need to put down a bond which acts as a security deposit …
Both residential and commercial properties have their advantages and disadvantages. The following are a few examples of comparisons …
While it matters with any property purchase, making the right decisions when purchasing investment properties is even more …
Which property is more beginner friendly? Residential Why? Commercial properties are generally all about the numbers, requiring investors …
As you may or may not be aware, there are responsibilities you have as a tenant to reasonably …
If a property portfolio isn’t at a stage where the investor can diversify comfortably, there are still ways …
Like anything you’re doing for the first time, you don’t and won’t know exactly what you’re doing, so …
Always consider the current economic, political, property and lending environments… How’s the economy doing? Is it performing well …
Strata inspection reports usually involve an inspector going through the different types of records available to them to …
Once a potential tenant has shown interest in the idea of renting your property, they’ll lodge a rental …
Most investors get their feet wet in the property investing pool by purchasing an affordable property first, usually …
Which property has stricter lending requirements and higher fees and interest rates? Commercial Why? There’s more risk associated …
This is where both yours and the vendor’s solicitors or conveyancers do the background checks like enquiries, searches …
The best way to ensure you’re well positioned to get all or most of your bond returned is …
There’s a number of things to keep in mind when choosing plants however, three of the top things …
During the course of the lease, the agency will usually conduct routine inspections of the property to check …
Which property requires a higher deposit? Commercial Why? Again, there’s more uncertainty, instability and risk associated with commercial …
To stacks odds in your favour, you need to educate yourself by doing research on anything and everything …
Once you’ve been approved and know what you can borrow to buy a property, ask yourself… Can I …
If, for whatever reason you want or need to leave before your lease is up, you do have …
The basic concept is this. Investors buy a run-down property, renovate it cost effectively and then sell it …
Which property generally requires more capital/cash on hand? Commercial Why? Because of the potentially longer periods of vacancy …
Settlement is the completion of the transaction. And the day you get keys to your new property. Both …
While most end of leases finish on good terms, some can be an absolute nightmare for everyone involved. …
Ask yourself these questions; What colours are showing at the front of my house? (Both paint and garden …
Something to keep in mind is that from settlement, when the property becomes yours, you are responsible for …
Should your application be successful, you will be sent a formal letter of approval. If you accept, you …
One of the hardest parts about property investing is knowing exactly what areas to invest in. Most people …
Which property is usually better taken care of? Commercial Why? Everyone can usually relate to having an untidy …
One of the best ways to increase the appeal of your property is to update or renovate it …
Once you’ve made the final and necessary arrangements with your solicitor or conveyancer, your lender, and then your …
Depending on the scope of work required, typical tradespeople will involve; Builders Handymen Fencers Landscapers / Gardeners / …
One of the biggest expenses to purchasing a property in NSW is the transfer duty that comes with …
While most end of leases finish on good terms, some can be an absolute nightmare for everyone involved. …
Think about it. If you were looking to rent a place yourself, would you be more attracted to …
Which property costs more with outgoings and maintenance? Residential Why? When bills for outgoings and maintenance become due …
During the course of your project, the market may have either shifted in your favour (a seller’s market) …
As every property is unique, so are the different ways to renovate. So the question is, how much …
There are two main types of options for property investment which include; Residential Residential properties are for people …
Positive gearing is the holy grail of property investment. Not only do positively geared properties produce an income …
When it comes to the buying process, there are a few different ways to purchase a property, however …
Which property offers fixed annual rent increases? Commercial Why? It’s usually drawn into most contracts for better returns …
The lease, or residential tenancy agreement, sets out a contractual agreement between the landlord and the tenants. Make …
One of the first steps to leasing your property out is to engage an agent. Have a few …
Your neighbours. Neighbours can be your best friend or worst enemy. If you only take one point from …
Which property provides better cash flow? Commercial Why? The rental yields are generally much higher in commercial properties …
When it comes to property development and projects, there are so many considerations and variables that come into …
Before you move in, the agent will go around and complete a condition report. A condition report notes …
Good question. Realestate.com.au and Domain.com.au will be your new best friends. On these websites you’ll be able to …
Buying a property is a big decision. For the majority of people, it will be one of the …
Making a plan for buying either one or many investment properties should be constructed in a way that …
Which property makes it easier to draw up a lease? Residential Why? Most residential properties can use a …
While it would be nice to just collect rental money and pay no outgoings, unfortunately that’s just not …
There are different ownership structures to consider when buying a property. Some of the more common examples are …
Only once you have a good idea of your current finances, start researching and shopping around to see …
Once you’ve got a good idea of what you want to do, speak with your local council and …
Pets are a big part of people’s lives and should really be taken into consideration when looking for …
Negative gearing can seem counter intuitive to property investing mainly because instead of the property making the investor …
Which property has longer periods of vacancy? Commercial Why? There are more people than businesses and everyone needs …
Your plan varies on so many different things that it’s not easy to give a one size fits …
Once the property is on the market, expect to hear from your agent regularly as they may be …
Once you’ve made plans that are specific to you, your needs and your requirements, start looking at what …
During the course of your lease, the agency will usually conduct routine inspections of the property to check …
The lease, or residential tenancy agreement, sets out a contractual agreement between the landlord and the tenants. Make …
Transferring of property ownership from the seller’s name to the buyer’s name is called conveyancing. It’s usually completed …
Which property is easier to find and replace tenants? Residential Why? There’s more people looking to rent a …
If you have the money to spend, investing in property is easy. Investing in property correctly however is …
The idea of property development sounds great in theory. Just buy a site, put something on it and …
If the potential tenant has properly applied, successfully showed the financial ability and security to pay the rent …
Before getting agents around, have a look online on websites like realestate.com.au and domain.com.au and check out the …
Even if you don’t usually make plans, make a plan. There’s money on the line, and depending on …
There are limited circumstances in NSW where a lease can be broken without penalty provided the tenant gives …
Depending on what, how and why you’re buying, your first purchase usually starts paving the way for the …
Practically a hand in hand relative that works with the buy and hold strategy, renovating to improve investors …
When it comes to renovating, there’s a lot to consider. That’s why it’s best to take your time …
Once the tenant has moved in and set the property up as their home, it’s only natural that …
Which property offers longer leases? Commercial Why? Landlords want the security of a fixed tenant for an extended …
If your goal is to buy a property, it’s never too early to start saving for a house …
Easy. By researching the types of suburbs or areas you would like to live in. To help you …
Your plan should include you, the property and area and the market. You How does your current financial …
Which property provides better rental yields? Commercial Why? There’s a number of reasons however, the particular vulnerability of …
As a landlord, you have a responsibility to provide a safe environment for both the tenants and the …
Buying a home is often a momentous occasion and a life changing decision. It’s important to watch the …
While owning a home can be very rewarding for some people, it doesn’t usually come without sacrifices. Investment …
The scope and detail of routine inspections vary from state to state and agency but will usually involve …
Zoning is important because it sets the basic rules to determine what can or can’t be done with …
While it would be nice to just buy the property and then get started, unfortunately, that’s just not …
Once the potential tenant has applied, been approved, accepted the approval and signed a lease, they will then …
Which property is safer against economic vulnerability? Residential Why? Everyone needs a place to live, not everyone needs …
A properly accredited and registered property valuer. Valuers value properties on a wide range of things which can …
One of the many keys to bigger property investment portfolios is diversification. Diversification meaning a mix of properties, …
Which property is easier to sell? Residential Why? If priced correctly, most residential properties will take reasonable time …
The contract of sale is a legal agreement between the seller and the purchaser. In NSW, the contract …
Our government is always looking for ways to help people own their first home. So, the good news …
Ask for a rental application form. The bulk of the details will usually be entered through an online …
One of the more common methods of property investing is the buy and hold strategy. The buy and …
Find a designated space or room where you can start relocating things. Garages or sheds are a good …
Allowing pets as part of the lease will generally help to attract a greater number of potential tenants. …
Whether you’ve been leasing for years or you’re a first time landlord, taking the right steps before, during …
There’s a term in the real estate industry known as kerb appeal. And it’s exactly what it sound …
Loan repayments How much you pay and how often will depend on how much you borrowed and the …
Whatever your reasons for renting, it’s always best to make a plan before you make a move. While …
Usually a few days before or even on the day of settlement itself, you should carry out a …
Many years ago, buying an investment property was mostly only reserved for high income earners, people that had …
As you would already be aware, buying a property is a big decision. Unless you’re a seasoned investor …
Renting is a great way to keep yourself flexible with an ever-changing life and career. Not only that, …