HT Property

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The biggest difference in noticing these differences is on settlement, you either feel like you have had close to one of the best experiences or you can feel like a statistic.

Being in the Industry for over 4 years I have observed that the levels of marketing promoted and goals of your agent that sell your home makes a big difference in the end result.

In my experience as the market remains to be slow and forecast to remain this way well into next year, it has never been a better time to be more involved in considering your options in buying real estate.

Rule 1, If you can afford to wait, At least use your time and consider to do some research, from the buyers i have dealt with the ones that really know value are the ones that go to open homes and the ones that liaise with agents, not only do they know what they are after eg. 3br 2bath near york street, but they start to get a clearer understanding of what they dont want and can better pin point value,

As an agent we often come past these buyers and usually are more then happy to assist them in there searches and for these individual when the right home comes up they can act and make a better educated decision.

Rule2, Dont be deceived to think that going to an Auction will result in over paying for a property, especially in a down market , the owners reserve is set based on market feedback through out the campaign combined with individual motivation to sell,  At the end of the day a piece of real estate is only worth what a buyer is willing to pay, and in a tough market if they want to let go they have to recognize where they want to draw the line, So make your interest known don’t delay, you can be surprised on some home values just by showing up.

Rule3, Registering your details with the right people can speed up the process, as lots of things today are online many of the agencies and websites will offer an email update informing you of homes that would be of interest to you, in some cases should you speak to the right people they will even phone you,  this does away with a lot of searches and time on the computer,

Rule4, Offers today are no longer just about price, in my time I have seen homes get sold because of different factors then just price based on the owners motivations,  when submitting an offer discuss with the agent   agreed settlement date, or a larger deposit,  a release of deposit sooner,  even so to make an offer effective this must be done in writing with a check, if you have any questions ill be happy to help you through it.

Rule5, when looking for an investment be black and white clear about what gains your after, your either getting capital gains or better rental returns, its not common for both to do well in the same property , but for longevity of a portfolio its usually capital gains, but for the new investors I would recommend getting in the door which would include looking for a home with good rental returns. many of the investors also look at time lines which would then mean the future of the street the neighborhood and home conditions as this will effect long term growth,

Moving into the final days of 2011, there remains to be little market activity.

Buyers are more concerned with convenience and access than house features, according to a recent study completed by Grattan Institute.

When respondents were asked to take into account real-world constraints – including current housing costs and income levels – and were required to make a trade-off between the size and type of housing and its location, less than half would choose a detached house.

Survey results show the number of bedrooms was the No.1 priority across age groups but then closely followed by convenience.

I have found in our market place in monash in the last 4-5 months this remains true. While it is true that the number of bedrooms was the highest priority, factors regarding location , floorplan and importantly general home maitenance were equally important.
Proximity to facilities and public transport have always been key things to look for in the monash region. but in a down market because of stock availability buyers will turn to the finer things to differentiate the masses.

In working with buyer activity daily I have noticed that properties that were well presented and maintained had shorter days on market and were more likely to achieve a better result. If you  have any
thoughts on the topic please reply and let me know,

Regards

Hugh Trieu
0412 060 820