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THE TRUE COST OF A LOW COMMISSION

Are you thinking of hiring a real estate salesperson to market your home?One of the first questions that will come to mind is - how much commission will they charge? Once you have interviewed 3 or 4 salespeople, it's easy to fall into the trap of hiring the cheapest one, without understanding the implications that can have on your final sale price.Every property sits in a wide potential value range, and while the market determines that value range to some extent, the salesperson you hire and the...

UNDERSTANDING PROPERTY CYCLES TO GROW YOUR NET WORTH

Property markets go through natural cycles which historically last approximately 7 - 10 years each. During each cycle, prices don't rise in a linear fashion. Rather, they increase at a fast rate during the boom (2-3 years), which is usually followed by a correction (6-12 months) and then a plateau period (3-4 years).Typical Property Market Cycle:Boom (2-3 years) -> Correction (6-12 months) -> Plateau (3-4 years)Please note: These time periods are indicative only and past performance i...

WHEN TO HOLD OUT FOR A HIGHER PRICE

It can take a lot of work to get your property on the market: Last-minute fix-ups, hours in the garden, decluttering, choosing an agent, getting ready for viewings, and finding somewhere to move to.It all takes time and money. And once you've gone to all that trouble, it's natural to want to secure the absolute best price you can for your home.Inevitably though, sellers often end up in a situation where the first offer comes in below initial price expectations. So what should you do if you find ...

WHY IT'S GOOD TO GET LOW OFFERS ON YOUR HOME

Who would want to invite a low offer on their home? What a crazy idea.In this article, I’m going to explain why you should welcome low offers on your home and how they can help you sell your property.When we go on the market our defensive side comes out, we become determined not to let an agent or a cheeky buyer get the best of us.I’m here to tell you that’s the wrong approach to take. You need to welcome all offers. Even those low ones from buyers who you think might be trying to ‘steal...

HOW TO SEAL THE DEAL ON THE HOME YOU LOVE

It's that time of year when real estate ramps up. Listings are piling on the market, buyers are coming out of the woodwork and sales and starting to happen.How to seal the deal on the home you loveYou've seen the home of your dreams and now you want to own it. In this guide, we will run you through the steps to take in order to maximise your chances of securing the keys and making it yours.Act quicklyThere's a good chance if you like this home, other buyers will too, so get things moving as quic...

SHOULD YOU BUY FIRST, OR SELL FIRST?

The hardest time to buy a home is when you already own one. Financially, you need to sell your home to buy the next one, but the person you are buying off doesn't want to be tied down waiting for your home to sell in case things don't work out.This is especially true in a popular area.In a popular location, most properties attract multiple offers. As a result, sellers are less inclined to accept a conditional offer. Particularly one that is reliant on a house sale.Buyers need to be in a cash pos...

WHY WINTER CAN BE A GREAT TIME TO SELL

In most real estate markets, there are generally two times of year when the majority of sellers put their houses up for sale: mid-summer and early spring. The sun is out, gardens are flowering and getting houses prepped for sale is a little bit easier with warmer, finer weather.While these are great times to go on the market, the influx of new listings can actually dampen demand, giving buyers a large amount of choice, often increasing the time sellers need to stay on the market to secure a sale...

5 TIPS FOR A DRIER, WARMER, HEALTHIER HOME

A dry home is a healthy home. Plus, when your home is dry it is easier to heat, which means it's a more comfortable place to live. It can also save you money on your power bill since your heaters won't have to work so hard to keep you nice and cosy.Follow these 5 simple tips to keep your home dry, warm and healthy:1. Get the air movingFresh air helps to keep your home dry and makes it easier to heat. The key is to let fresh, clean air into your home by opening windows for at least a few minutes ...

TIMING THE MARKET

Getting a property ready to sell can be a lot of work. Houses usually look their very best right when they go up for sale and that's no accident. Owners often put their heart and soul into cleaning, staging, painting, repairing and landscaping to try and secure the best possible price and a speedy sale.This often involves time off work, project managing tradespeople and juggling weather. And throughout this whole process, you might be trying to find a new house to buy at the same time!All this l...