“No matter how depressed the market might be, you’ll never lose money on a good renovation unless you’ve been foolish,” claims architect Belinda Scott.
It may take longer to turn over your renovated property in a sluggish market, but an astute purchase and careful planning can virtually eliminate the risk of overcapitalising. There has always been an appreciation for quality, well-executed renovations.
One experienced agent comments: “Adding value over a long period of time will always add capital growth. Look at features like new bathrooms and kitchens, open-plan living, creating a flow between indoors and out, and even adding a second storey, especially if it will give you a view as well as more space.”
Regardless of whether it is your home or an investment property, there is the necessity to do your research before buying and to make sure your plans, budget and reality all fit together. It is a good idea to get a builder or architect in before you buy to get an approximation of what is possible as well as cost estimates to safeguard against nasty surprises.
One thing to look out for is new planning rules or heritage restrictions. You should always run your ideas by council first. For example, just because a neighbour put in a second storey doesn’t automatically make it possible for you to do the same. Regulations change and what was possible a few years ago may not be possible today.
If you have a question about real estate, or would like assistance in locating a property, feel free to phone me, Noel Thompson Principal Professionals Logan Lifestyles at either Browns Plains 3800 4000, Marsden 3200 4495, Springwood 3808 5544 or Waterford 3299 7733.
Friday, May 7, 2010
Appraised By The Pros
http://www.myprofessionals.info/
Week 3 Winner: J. Drinnan. Appraised by Jayson Ryder of Professionals Melton.
Week 2 Winner: C. Annetts. Appraised by Mick Collins of Professionals Casula.
Week 1 Winner: S. Short. Appraised by James Gazdagh of Professionals Goodna.
Thursday, April 22, 2010
What Drives a Successful Auction?
A good real estate agent understands the markets and locations they work in. So they know what a property is worth and how to maximise the price. But every so often a property takes everyone by surprise. Why?
There are properties out there with an X factor—ones where auction frenzy drives up the price. And they can pop up anywhere and in any price bracket. But one thing has to happen—two parties have to want the property and be willing to bid it up.
Essentially, there has to be someone willing to pay for the property and someone else willing to push up the price.
Most agents agree that the primary criterion is supply and demand. But while the market is slower, there will always be potential buyers, wealthy developers or families looking to upsize.
People have different needs and often it’s not easy to fill them all. So when a property comes along that ticks all the boxes, it’s worth bidding for. Buyers who have the money and want it, will keep bidding.
What exactly motivates the buyer can be as varied as the properties themselves. Many a buyer will pursue their “dream home”, while developers can see a profit down the line and force up the price.
As agents with experience in the area, we tend to be able to spot the properties that have unique appeal and are suitable for auctioning.
So if you are thinking of selling or would like assistance in locating a property, feel free to phone me, Noel Thompson Principal Professionals Logan Lifestyles at either Browns Plains 3800 4000, Marsden 3200 4495, Springwood 3808 5544 or Waterford 3299 7733.
There are properties out there with an X factor—ones where auction frenzy drives up the price. And they can pop up anywhere and in any price bracket. But one thing has to happen—two parties have to want the property and be willing to bid it up.
Essentially, there has to be someone willing to pay for the property and someone else willing to push up the price.
Most agents agree that the primary criterion is supply and demand. But while the market is slower, there will always be potential buyers, wealthy developers or families looking to upsize.
People have different needs and often it’s not easy to fill them all. So when a property comes along that ticks all the boxes, it’s worth bidding for. Buyers who have the money and want it, will keep bidding.
What exactly motivates the buyer can be as varied as the properties themselves. Many a buyer will pursue their “dream home”, while developers can see a profit down the line and force up the price.
As agents with experience in the area, we tend to be able to spot the properties that have unique appeal and are suitable for auctioning.
So if you are thinking of selling or would like assistance in locating a property, feel free to phone me, Noel Thompson Principal Professionals Logan Lifestyles at either Browns Plains 3800 4000, Marsden 3200 4495, Springwood 3808 5544 or Waterford 3299 7733.
Monday, April 19, 2010
Spot the Professionals at the 101FM Live & Local Expo
Such a popular event. We have to direct you to left of screen ---- our Open Flag!!!! We were certainly in good company with over 100 exhibitors and circa 6,000 visitors - Good one llr team!
A Vendor Checklist for Auctions
You can improve your chances for a successful auction if you lay the proper groundwork first. Here are some suggestions.
Find an agent you’re comfortable with before the main selling season begins and engage the auctioneer. Then work out an auction date early in the piece specifying the time of day you want the auction to take place—ideally between 11am and 3pm.
By having the auction date early in the selling season you insure that should the auction fail, you will still have plenty of time for it to be listed for a subsequent private sale.
Most people overlook the fact that you can leave an auction too late by running it in mid-November or the first week of December. This is because if it passes in you will need three or four weeks to sell and this then clashes with the Christmas season. Everything shuts down, buyers go on vacation, school lets out and so forth.
There is also the matter of having your agent look at the property and advising you on what work you can do to get your presentation in top condition. While major renovations like installing a deck for entertaining are good, it’s critical to speak to a professional builder first to make sure the job can be completed in time for the selling season.
Don’t forget, when the market heats up there will be a strong demand for renovations and it could be months before your renovation is finished.
If you have a question about real estate, or would like assistance in locating a property, feel free to phone me, Noel Thompson Principal Professionals Logan Lifestyles at either Browns Plains 3800 4000, Marsden 3200 4495, Springwood 3808 5544 or Waterford 3299 7733.
Find an agent you’re comfortable with before the main selling season begins and engage the auctioneer. Then work out an auction date early in the piece specifying the time of day you want the auction to take place—ideally between 11am and 3pm.
By having the auction date early in the selling season you insure that should the auction fail, you will still have plenty of time for it to be listed for a subsequent private sale.
Most people overlook the fact that you can leave an auction too late by running it in mid-November or the first week of December. This is because if it passes in you will need three or four weeks to sell and this then clashes with the Christmas season. Everything shuts down, buyers go on vacation, school lets out and so forth.
There is also the matter of having your agent look at the property and advising you on what work you can do to get your presentation in top condition. While major renovations like installing a deck for entertaining are good, it’s critical to speak to a professional builder first to make sure the job can be completed in time for the selling season.
Don’t forget, when the market heats up there will be a strong demand for renovations and it could be months before your renovation is finished.
If you have a question about real estate, or would like assistance in locating a property, feel free to phone me, Noel Thompson Principal Professionals Logan Lifestyles at either Browns Plains 3800 4000, Marsden 3200 4495, Springwood 3808 5544 or Waterford 3299 7733.
Thursday, April 8, 2010
Should You Buy Before Selling?
Many take a calculated risk, knowing they can afford it if their property doesn’t sell for a while. One vendor, for example, bought a house with great views near his one-bedroom, top-floor apartment. “I knew,” he commented, “that if the apartment doesn’t sell straight away, we could rent out the house for two or three years to cover the mortgage.”
Another vendor who was a conveyancer describes her experience: “The price for the other property was cheaper than it would have been in an active market and we thought it was worth grabbing. We are selling for a cheaper price too, but if we don’t sell, I made sure I had finance in place so we could still afford it.”
The key in both these two examples is that the sellers were managing their risks.
“You always want to make sure you’re not in a position where you have to take bridging finance, says financial planner Andrew Bowring. “That can cost you an enormous amount of money.”
The safest bet is provided by Steve Martin, a real estate association president: “It’s always a good recommendation to sell first, to know exactly how much you have to spend, and buy later. It’s always easier to buy than to sell, especially when you don’t know how much you have to spend. With properties now sitting on the market much longer before they sell, the risk factor is so much greater and a more conservative approach is required.”
If you have a question about real estate, or would like assistance in locating a property, feel free to phone me, Noel Thompson Principal Professionals Logan Lifestyles at either Browns Plains 3800 4000, Marsden 3200 4495, Springwood 3808 5544 or Waterford 3299 7733.
Another vendor who was a conveyancer describes her experience: “The price for the other property was cheaper than it would have been in an active market and we thought it was worth grabbing. We are selling for a cheaper price too, but if we don’t sell, I made sure I had finance in place so we could still afford it.”
The key in both these two examples is that the sellers were managing their risks.
“You always want to make sure you’re not in a position where you have to take bridging finance, says financial planner Andrew Bowring. “That can cost you an enormous amount of money.”
The safest bet is provided by Steve Martin, a real estate association president: “It’s always a good recommendation to sell first, to know exactly how much you have to spend, and buy later. It’s always easier to buy than to sell, especially when you don’t know how much you have to spend. With properties now sitting on the market much longer before they sell, the risk factor is so much greater and a more conservative approach is required.”
If you have a question about real estate, or would like assistance in locating a property, feel free to phone me, Noel Thompson Principal Professionals Logan Lifestyles at either Browns Plains 3800 4000, Marsden 3200 4495, Springwood 3808 5544 or Waterford 3299 7733.
Tuesday, April 6, 2010
Defensive Property Strategies
Being able to scout out good property deals and purchase them is definitely a talent. But don’t forget to cover your bases with a good defensive strategy as well.
This is what I mean by defensive property strategies—making sure that you never have to sell your property regardless of market conditions and your personal situation.
What this does is puts you into the advantageous situation of being able to hold a property for the long term. As properties always go up over the long term, you are then taking out insurance against any loses.
So what can you do to boost your defenses? Here are 3 tips:
* Be willing to be disciplined in your expenditures over the long term. Follow strict financial rules.
* Select investment properties that have proven track records of increasing in value over long periods of time. It is not necessary to have extraordinary growth in the short term. Focus on the long term.
* Manage your own budget so you have sufficient funds to cover any necessary property expenses and to avoid lenders recalling their loans during bad times.
The good thing about a good defensive strategy is that it will put you in good stead to take advantage of the opportunities that arise during the good times. The reason for this is that your property will rise in value and you will be in good financial condition.
If you have a question about real estate, or would like assistance in locating a property, feel free to phone me, Noel Thompson Principal Professionals Logan Lifestyles at either Browns Plains 3800 4000, Marsden 3200 4495, Springwood 3808 5544 or Waterford 3299 7733.
This is what I mean by defensive property strategies—making sure that you never have to sell your property regardless of market conditions and your personal situation.
What this does is puts you into the advantageous situation of being able to hold a property for the long term. As properties always go up over the long term, you are then taking out insurance against any loses.
So what can you do to boost your defenses? Here are 3 tips:
* Be willing to be disciplined in your expenditures over the long term. Follow strict financial rules.
* Select investment properties that have proven track records of increasing in value over long periods of time. It is not necessary to have extraordinary growth in the short term. Focus on the long term.
* Manage your own budget so you have sufficient funds to cover any necessary property expenses and to avoid lenders recalling their loans during bad times.
The good thing about a good defensive strategy is that it will put you in good stead to take advantage of the opportunities that arise during the good times. The reason for this is that your property will rise in value and you will be in good financial condition.
If you have a question about real estate, or would like assistance in locating a property, feel free to phone me, Noel Thompson Principal Professionals Logan Lifestyles at either Browns Plains 3800 4000, Marsden 3200 4495, Springwood 3808 5544 or Waterford 3299 7733.
Thursday, April 1, 2010
Professionals Logan Lifestyles Attended the 101FM Live & Local Expo
Thanks to everyone that attended the 101FM Live & Local Expo last week!!! We created the biggest event of its kind in Logan City :) Visitors totalled over 6000! Brilliant effort
Friday, March 19, 2010
101fm Live & Local Expo - March 2010
Professionals Logan Lifestyles is attending the 101fm Live & Local Expo at the Logan Metro Indoor Sports Centre. The expo is designed to showcase Logan businesses in a forum where exhibitors can connect with other businesses and the wider Logan community whilst featuring their goods and services.
On Saturday 20th the doors will be open to the general public to visit the expo to learn more about our local businesses.
Ken Smith, from our Springwood office, shaved for a cure by auctioning his own head and raised $1,200!! Great effort Ken, all for a good cause.
Logan Metro Indoor Sports Centre: 357 Browns Plains Rd, Crestmead.
Tuesday, March 2, 2010
Patron's Awards - NBCF
Each year the NBCF recognises individuals in the community and those in the corporate sector who have made an outstanding contribution to supporting breast cancer research. Patron Sarah Murdoch presented the following awards to the Professionals:
*Award for the Corporate Commitment
*Pink Circle Award
(NBCF formed the Pink Circle to acknowledge those companies and individuals whose investment in breast cancer research has exceeded $1 million)
Professionals Road Light Boxes
Keep an eye out for the LIGHTBOXES in Browns Plains & Marsden!!! They'll be telling a new story shortly........ The PROFESSIONALS STAR IS RISING :)
Thursday, February 18, 2010
Getting Started in Subdivision
Subdivision is a great way to wealth creation. So how do you get started?
Property investor Rod McShane suggests: “The smaller the subdivision, generally the less risk. A house on a large block suitable for two dwellings may be the ideal first time subdivision.
“Consideration then has to be given as to whether you’re building a second dwelling to keep the property long term or to sell it off and place the money back into debt reduction of an existing mortgage.”
Many property commentators recommend developing a property to create positive cash flow to assist in reducing debt on existing loans or even purchasing further property for your portfolio.
One investor, Martin Ayles, discovered property development by accident. He had been renovating and selling for many years when an opportunity arose for him to subdivide an allotment with an existing house.
When a profit resulted, he realised what he’d been overlooking and has been hooked on subdividing ever since.
“Subdivision is an extremely powerful method of dividing to multiply your profits, however, if you sell everything, money’s easily spent. I recommend a ratio of about five to one, so for every five that you build, retain a minimum of one,” he advises.
“I’d also suggest trying to get the properties generating cash flow rather than having them negatively geared.” That way you could develop five properties and keep one to pay your profits into, reducing debt down so the weekly rent could more than cover the mortgage.
If you have a question about real estate, or would like assistance in locating a property, feel free to phone me, Noel Thompson Principal Professionals Logan Lifestyles at either Browns Plains 3800 4000, Marsden 3200 4495, Springwood 3808 5544 or Waterford 3299 7733.
Property investor Rod McShane suggests: “The smaller the subdivision, generally the less risk. A house on a large block suitable for two dwellings may be the ideal first time subdivision.
“Consideration then has to be given as to whether you’re building a second dwelling to keep the property long term or to sell it off and place the money back into debt reduction of an existing mortgage.”
Many property commentators recommend developing a property to create positive cash flow to assist in reducing debt on existing loans or even purchasing further property for your portfolio.
One investor, Martin Ayles, discovered property development by accident. He had been renovating and selling for many years when an opportunity arose for him to subdivide an allotment with an existing house.
When a profit resulted, he realised what he’d been overlooking and has been hooked on subdividing ever since.
“Subdivision is an extremely powerful method of dividing to multiply your profits, however, if you sell everything, money’s easily spent. I recommend a ratio of about five to one, so for every five that you build, retain a minimum of one,” he advises.
“I’d also suggest trying to get the properties generating cash flow rather than having them negatively geared.” That way you could develop five properties and keep one to pay your profits into, reducing debt down so the weekly rent could more than cover the mortgage.
If you have a question about real estate, or would like assistance in locating a property, feel free to phone me, Noel Thompson Principal Professionals Logan Lifestyles at either Browns Plains 3800 4000, Marsden 3200 4495, Springwood 3808 5544 or Waterford 3299 7733.
New Business At Waterford Village Shops
We now have a Chinese food shop in residence - MY Noodle Bar.
They are situated in the same centre as our Professionals Marsden office - Shop 7, 42 - 48 Bourke St, Waterford Village.
We also provided accommodation for the shop manager in one of our rentals - great synergy.
They are situated in the same centre as our Professionals Marsden office - Shop 7, 42 - 48 Bourke St, Waterford Village.
We also provided accommodation for the shop manager in one of our rentals - great synergy.
Monday, February 15, 2010
Is Subdivision the Wave of the Future?
Nationwide State Governments have been considering blueprints for future urban growth within their capital cities, suburbs and country towns. The reasons include not only population growth but also a predicted increase in numbers of the aged and single person households.
One person championing this type of planning is Harley Dale of the Housing Industry Association. He views property development as “a topical thing to be looking at, in the sense that you would expect subdivisions are going to become more prevalent in the future and it’s an aspect of housing that’s going to increase over time.”
“The two primary reasons for that are what’s going on with growth boundaries in cities and density requirements for housing.” In many areas now you have “significant land constraints, which in turn will channel more people down the route of subdividing in terms of property investment,” Dale adds.
He continues saying: “We’re probably going to see this as a more viable investment option, simply because there’s been a massive increase in the price of land in recent times. This has been particularly occurring on the fringes of capital cities.” This trend could direct people’s thinking more towards subdivision as opposed to developing a new block.
He concludes: “People looking to invest in property are going to see an incentive there to supply the market, but within constraints that might promote more subdividing than we’ve seen in previous cycles.”
If you have a question about real estate, or would like assistance in locating a property, feel free to phone me, Noel Thompson Principal Professionals Logan Lifestyles at either Browns Plains 3800 4000, Marsden 3200 4495, Springwood 3808 5544 or Waterford 3299 7733.
One person championing this type of planning is Harley Dale of the Housing Industry Association. He views property development as “a topical thing to be looking at, in the sense that you would expect subdivisions are going to become more prevalent in the future and it’s an aspect of housing that’s going to increase over time.”
“The two primary reasons for that are what’s going on with growth boundaries in cities and density requirements for housing.” In many areas now you have “significant land constraints, which in turn will channel more people down the route of subdividing in terms of property investment,” Dale adds.
He continues saying: “We’re probably going to see this as a more viable investment option, simply because there’s been a massive increase in the price of land in recent times. This has been particularly occurring on the fringes of capital cities.” This trend could direct people’s thinking more towards subdivision as opposed to developing a new block.
He concludes: “People looking to invest in property are going to see an incentive there to supply the market, but within constraints that might promote more subdividing than we’ve seen in previous cycles.”
If you have a question about real estate, or would like assistance in locating a property, feel free to phone me, Noel Thompson Principal Professionals Logan Lifestyles at either Browns Plains 3800 4000, Marsden 3200 4495, Springwood 3808 5544 or Waterford 3299 7733.
Friday, February 12, 2010
Property Seminar
* INVESTORS
* FIRST HOME OWNERS
* How to qualify for $$$...
* RE FINANCING
Westpac Business Banking Centre
Level 2, 3950-3952 Pacific Highway
LOGANHOLME QLD 4129
6pm sharp Tuesday March 23rd 2010
LIMITED PLACES AVAILABLE: Please confirm your attendance at Westpac Logan Central or any Professionals Logan Lifestyles office
How to Attract a Long-term Tenant
If you own an investment rental property and want a long-term tenant, then you have to put yourselves in their shoes. Tenants are like owner occupiers. While struggling to match the current rental prices, they expect value for their money. So you need to offer appropriate benefits.
Here’s a list of tenant desirables:
* A clean, tidy and well-maintained property. The tenant needs to feel that the landlord will attend to any repairs or maintenance issues and is willing to spend money on their investment property.
* A good location. Just like owner-occupiers, tenants seek closeness to essential services to meet their lifestyle choices. Nearby shops, schools, transport and leisure facilities all count and are highly sought after.
* Storage space. Tenants like plenty of storage and cupboard space. Everyone has personal items and plenty of possessions that need a space. This includes a safe place to park the car!
* Little luxuries. Tenants all look for dishwashers, air conditioning and good heating. These appliances are at the top of their list.
* New renovations. Tenants like fresh paint and new carpeting. They also like a fresh, airy feeling with plenty of light and will pay that little extra to feel comfortable.
These amenities can separate your property from a similar one in the area. Hence, it will have broader tenant appeal and can command a higher price than
similar properties lacking these attributes.
If you have a question about real estate, or would like assistance in locating a property, feel free to phone me, Noel Thompson Principal Professionals Logan Lifestyles at either Browns Plains 3800 4000, Marsden 3200 4495, Springwood 3808 5544 or Waterford 3299 7733.
Here’s a list of tenant desirables:
* A clean, tidy and well-maintained property. The tenant needs to feel that the landlord will attend to any repairs or maintenance issues and is willing to spend money on their investment property.
* A good location. Just like owner-occupiers, tenants seek closeness to essential services to meet their lifestyle choices. Nearby shops, schools, transport and leisure facilities all count and are highly sought after.
* Storage space. Tenants like plenty of storage and cupboard space. Everyone has personal items and plenty of possessions that need a space. This includes a safe place to park the car!
* Little luxuries. Tenants all look for dishwashers, air conditioning and good heating. These appliances are at the top of their list.
* New renovations. Tenants like fresh paint and new carpeting. They also like a fresh, airy feeling with plenty of light and will pay that little extra to feel comfortable.
These amenities can separate your property from a similar one in the area. Hence, it will have broader tenant appeal and can command a higher price than
similar properties lacking these attributes.
If you have a question about real estate, or would like assistance in locating a property, feel free to phone me, Noel Thompson Principal Professionals Logan Lifestyles at either Browns Plains 3800 4000, Marsden 3200 4495, Springwood 3808 5544 or Waterford 3299 7733.
Monday, February 1, 2010
Building Inspections Bring Peace of Mind
Buying a property is often very emotional. You see something you like and the impulse is to buy it. But it’s what you don’t see that necessitates a building and pest inspection before buying.
Getting a building inspection done lets you know that the property is structurally sound. It also tells you about rising damp in the walls and if the wiring is up to standard. It will also tell you the condition of the roof. All these things are not normally known upon one’s own visual inspection.
Even new properties and renovated ones need inspecting.
Peter Georgiev, an architect who inspects for Archicentre, delineates the three most common types of inspections.
“There’s the investor who wants to have some knowledge that the property is not going to cost them a fortune….Then there’s the purchaser who is looking at something to renovate and they really want a position statement as to whether the property has reasonable bones for renovation…and there are those people who think they’ve got a property that they can move straight into and they want an assurance that the place is not going to cost them a lot of money in the short term,” he comments.
“Having a property inspection done is a small price to pay for the peace of mind it brings”
If you have a question about real estate, or would like assistance in locating a property, feel free to phone me, Noel Thompson Principal Professionals Logan Lifestyles at either Browns Plains 3800 4000, Marsden 3200 4495, Springwood 3808 5544 or Waterford 3299 7733
Getting a building inspection done lets you know that the property is structurally sound. It also tells you about rising damp in the walls and if the wiring is up to standard. It will also tell you the condition of the roof. All these things are not normally known upon one’s own visual inspection.
Even new properties and renovated ones need inspecting.
Peter Georgiev, an architect who inspects for Archicentre, delineates the three most common types of inspections.
“There’s the investor who wants to have some knowledge that the property is not going to cost them a fortune….Then there’s the purchaser who is looking at something to renovate and they really want a position statement as to whether the property has reasonable bones for renovation…and there are those people who think they’ve got a property that they can move straight into and they want an assurance that the place is not going to cost them a lot of money in the short term,” he comments.
“Having a property inspection done is a small price to pay for the peace of mind it brings”
If you have a question about real estate, or would like assistance in locating a property, feel free to phone me, Noel Thompson Principal Professionals Logan Lifestyles at either Browns Plains 3800 4000, Marsden 3200 4495, Springwood 3808 5544 or Waterford 3299 7733
Monday, January 25, 2010
The Importance of Marketing
To be in step with the market you need to do your research. The way to do this is to review other listings, prices, and how long properties are on the market. This gives you a good feel for the market and its strengths and weaknesses.
By doing your own research you can avoid the hearsay of others who see people flocking to an open inspection and forming wrong opinions. Don’t make the mistake of selling based on what you think your property is worth or what you want it to be worth. Instead, go by the market.
By finding the right price you will at the same time find the right buyers. It makes no sense to overprice, because you’ll only disappoint viewers and lose valuable time. In the end you could end up selling for less than what you could have sold for in the beginning with the right price in the first place.
With the importance of presentation you might even consider hiring a stylist, someone who specialises in preparing properties for sale. They can assist you with refurnishing, landscape gardening, renovations and de-cluttering. All very important aspects of getting the most of your sale.
Another approach to presentation is to attack the 5 senses—sight (visual presentation), sound, smell, touch and taste. An example might mean having an immaculate and spacious feel with plenty of light, some floral arrangements, cookies in the oven and soft furnishings.
If you have a question about real estate, or would like assistance in locating a property, feel free to phone me, Noel Thompson Principal Professionals Logan Lifestyles at either Browns Plains 3800 4000, Marsden 3200 4495, Springwood 3808 5544 or Waterford 3299 7733.
By doing your own research you can avoid the hearsay of others who see people flocking to an open inspection and forming wrong opinions. Don’t make the mistake of selling based on what you think your property is worth or what you want it to be worth. Instead, go by the market.
By finding the right price you will at the same time find the right buyers. It makes no sense to overprice, because you’ll only disappoint viewers and lose valuable time. In the end you could end up selling for less than what you could have sold for in the beginning with the right price in the first place.
With the importance of presentation you might even consider hiring a stylist, someone who specialises in preparing properties for sale. They can assist you with refurnishing, landscape gardening, renovations and de-cluttering. All very important aspects of getting the most of your sale.
Another approach to presentation is to attack the 5 senses—sight (visual presentation), sound, smell, touch and taste. An example might mean having an immaculate and spacious feel with plenty of light, some floral arrangements, cookies in the oven and soft furnishings.
If you have a question about real estate, or would like assistance in locating a property, feel free to phone me, Noel Thompson Principal Professionals Logan Lifestyles at either Browns Plains 3800 4000, Marsden 3200 4495, Springwood 3808 5544 or Waterford 3299 7733.
Monday, January 18, 2010
Sellers Need to be Attentive to the Market
In a tougher selling environment, it doesn’t pay to be overly optimistic when setting a sales price. Someone with a home worth $450,000-500,000 should not let themselves be talked into setting a price of $600,000 on their property. This can only lead to disillusionment and a loss of money.
Not only will you be paying additional advertising costs as well as extra payments on your mortgage, but you will also usually find that you will have to lower your price further than the $450,000-$500,000 mark, because buyers will assume something is wrong with the listing. Plus, the market may have moved south since you first listed.
One thing for sure, it’s best to listen to your chosen agent and to trust their judgment regarding what the market is willing to pay. If you don’t trust your agent, then find someone else, but if you do, then follow his or her advice.
If your agent advises you that an offer is a good one, then take it. Remember, too, if two similar offers come in at the same time, then chances are that’s where the market is.
Fortunately, because the whole market is soft, you have the luxury of taking your time buying and can expect a similar discount when purchasing. So, in the end, you break even.
It’s also best to first sell your own home before purchasing another to avoid expensive bridge financing.
If you have a question about real estate, or would like assistance in locating a property, feel free to phone me, Noel Thompson Principal Professionals Logan Lifestyles at either Browns Plains 3800 4000, Marsden 3200 4495, Springwood 3808 5544 or Waterford 3299 7733.
Not only will you be paying additional advertising costs as well as extra payments on your mortgage, but you will also usually find that you will have to lower your price further than the $450,000-$500,000 mark, because buyers will assume something is wrong with the listing. Plus, the market may have moved south since you first listed.
One thing for sure, it’s best to listen to your chosen agent and to trust their judgment regarding what the market is willing to pay. If you don’t trust your agent, then find someone else, but if you do, then follow his or her advice.
If your agent advises you that an offer is a good one, then take it. Remember, too, if two similar offers come in at the same time, then chances are that’s where the market is.
Fortunately, because the whole market is soft, you have the luxury of taking your time buying and can expect a similar discount when purchasing. So, in the end, you break even.
It’s also best to first sell your own home before purchasing another to avoid expensive bridge financing.
If you have a question about real estate, or would like assistance in locating a property, feel free to phone me, Noel Thompson Principal Professionals Logan Lifestyles at either Browns Plains 3800 4000, Marsden 3200 4495, Springwood 3808 5544 or Waterford 3299 7733.
Friday, January 15, 2010
Browns Plains Office Gets Renovated
Our tired old Browns Plains office got a much deserved renovation over Christmas & New Years 2009/2010. Professionals Logan Lifestyle sends a special thanks to all that were involved :)
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