It is often said that you make money in real estate when you buy (rather than sell), so acquiring local knowledge will avoid the chance of overpaying, and the long-term negatives of added interest and overleveraging that accompany one of the property market’s most derided moves.
If you read any auction stories in the Sunday papers or online, the words “clearance rates” will inevitably be mentioned. They indicate the strength of the selling market by measuring the percentage of homes sold at an auction or beforehand. The higher the clearance rate, the greater the buyer demand on that particular weekend.
In addition to the areas that should be covered in every home inspection, we also recommend a grab bag of useful tools to help you gain the full measure of your summation.
In the increasingly competitive real estate market, many canny buyers are looking to gain an advantage by working smart, not hard.
Before getting too entrenched in the house hunt, it pays to understand how much you can borrow and how much you’ll have to spend to buy the house. That way you won’t get caught short when you settle.
Signing contracts of sale for any property can seem daunting, at first. But, when handled correctly, the procedure should be straightforward and easy to understand — for buyer and seller.
Paying attention to contracts, and the information contained within them can often be the difference between a good and bad buy.
The question of homeownership versus contributing to a landlord’s investment is an age-old conundrum when buying your first home.
Buying a property requires more than a deposit. Pre-purchase costs can add up to 10 per cent to the price of an average family home.
With Big 4 bank forecasts tipping further house price increases of up to 20 per cent over the next two years, the lure of property ownership is proving too tempting to many.