Although many real estate agents act in good faith, it’s important for property investors and buyers to understand some of the marketing techniques agents employ in order to attract interest in a property and generate a larger pool of potential buyers. Underquoting occurs when a real estate agent intentionally understates the estimated selling price of a property to attract more
‘Cooling off’ is a term used to describe a period of time following a purchase when the purchaser may choose to cancel. In real estate, a ‘cooling off’ period is much the same, although there are rules and variables associated with it. According to Section 31 of the Sale of Land Act, a purchaser who signs a contract or contract
2017 started off with a bang and if NAB’s predictions are anything to go by, Melbourne property owners can expect a further 6% price increase this year, off the back of 16% growth in 2016. In what is a sellers market, vendors who have cemented their roots in one home for multiple decades, are now deciding to sell up and
Below is a list of median house and unit prices across select eastern suburbs for the January to March 2017 quarter. Suburb House Unit Ashburton $ 1,800,000 n/a Ashwood $ 1,346,625 $ 995,000 Balwyn $ 2,290,000 $ 880,000 Balwyn North $ 1,925,000 $ 1,275,000 Bayswater North $ 714,000 $ 550,000 Blackburn $ 1,350,000 $ 672,500 Blackburn North $ 1,442,000 n/a
On 1 May 2017 new laws came into effect that applies to residential property sales and how they are advertised. The laws have been put in place to ensure underquoting when a property is advertised at a price that is less than the estimated selling price, the seller’s asking price, or at a price already rejected by the seller doesn’t
Moving house can be stressful but the great news is it doesn’t have to be. With a realistic understanding of the scale of what you’re about to undertake and lots of preparation you’ll be able to minimise the stress and maximize the joy of moving into a new home. To help you plan and execute a smooth move Kent Removals
Can you have a beautifully staged home and still live in it whilst your home is on the market? Yes, with some thought, planning and discipline, you can. Homes that are staged, whether professionally or DIY typically sell faster because they enable the buyer to ‘visualise’ the home as their own. If your budget doesn’t extend to having your home
It has been a busy, exciting start to the year for the real estate industry, with the state government stepping in to assist struggling first home buyers and pledging to provide more housing and infrastructure to handle our ever expanding city. Premier Daniel Andrews unveiled plans to axe stamp duty on first-home buyer purchases of $600,000 or less from July,
The Noel Jones Real Estate Group further strengthened its foothold in the eastern suburbs when it opened the doors of a Wantirna office on April 3rd, 2017. Led by existing Noel Jones team members Michael Hill and Dylan Hare, there is little doubt this new office will go from strength to strength very quickly. Our Wantirna team will focus on
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