The Sydney property market begins 2017 in better shape than it begun in 2016. That fact almost seems counter-intuitive, but it is true. In late 2015, APRA stepped in and enforced tougher lending criteria on residential investors through the retail banks. APRA’s intervention had a noticeable dampening effect impact on […]
Selling
30 posts
The cost of advertising a home is rising and beginning to resemble the newspaper era. Owners are being offered or sold advertising campaigns up to and above $10,000. The cost of the campaign is paid upfront by the seller regardless of the success of the campaign. VPA stands for Vendor […]
The selection of the selling agent is usually decided upon from an interview and/or a sales proposal process. Whether it’s an interview or a sales proposal that you are using to determine your agent, neither actually shows the agent in action. Agents are fully rehearsed with scripts and dialogues to […]
Buying or selling residential real estate is likely to be one of the most emotionally charged transactions you will do in your life. Buying or selling in an emotional state can sometimes lead to poor decisions. Whether it’s the buyer that overpays or the seller who declined the best offer, […]
When you are selling your home, a poor pest and building inspection can derail the sales campaign. Genuine issues that neither the seller, buyer or agent expected can be damaging. The buyer can think crucial information has been withheld and the seller can feel as though the buyer is using […]
Despite the negative talk surrounding property prices in 2016, it is now becoming apparent that what experts warned could happen has not actually happened. The May interest rate cut has stimulated the Sydney housing market right at the time that many felt the boom was done for. Many economists will […]
When a property sells for $1 million and later resells for $1.5 million, many people jump to the conclusion that the owners made about $500,000 profit. You often see this type of commentary in the property pages of newspapers about the real estate transactions of sports stars, celebrities and socialites. […]
For some people, stepping into the real estate arena feels like stepping into the Colosseum with lions on the loose. When you are about to buy or sell your most important asset, conducting the transaction amongst contradictory advice and other people’s vested interest is daunting. It does beg the question, […]
The property market is like an escalator. Sometimes it goes up – as it has recently. And sometimes it goes down. In different areas, it may move at different speeds, even in different directions. One area may be falling while others are still rising. Sometimes the escalator stops. In some […]
It’s pretty easy to get into a conversation about real estate. Everyone has an interest in it one way or another and everyone has an opinion that is mostly based on media portrayal of “The Market”. Most of the time the media is giving the public information that is incorrect, […]
We are starting to get into the colder months of the year. Many people considering going on to the market to sell their homes are facing a conundrum – sell in winter or wait until spring. Aside from the practical considerations such as work commitments, school terms and actually being […]
As the boom fades, the damage and pain caused by underquoting has shifted from buyers to sellers. In a boom, a low price guide attracts an excess of bidders who all compete vigorously for the home. The sellers end up with a satisfactory price, one buyer gets the home and […]