Joint tenancy is a form of real estate ownership wherein two people jointly purchase a property with the intention of splitting everything fifty-fifty.
To illustrate the above, suppose an investment property is purchased and one party pays for 80 per cent of the deposit and expenses, while the other covers the balance. When tax time comes, the two parties have to claim 50 per cent of the expenses and 50 per cent of the income on their respective statements. It does not matter that one paid proportionately more than the other. This is what joint tenancy is all about.
In the case of a husband and wife, suppose an investment property is purchased jointly for $280,000 and the husband pays $100,000 down as a deposit. Even though he paid for 35 per cent of the property outright, all income and expenses must be declared evenly on their tax returns.
While the above situation would disadvantage the husband if he were in a higher tax bracket initially, over time when the property becomes cash positive it may turn advantageous. This is because 50 per cent of the income will be taxed at the wife’s lower rate.
Another facet of joint tenancy is what happens when one partner dies. In such a case, the property automatically reverts to the full ownership of the other party. So one’s interest in the property cannot be willed to a third party, as in the case of a tenancy in common
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 anytime on 0418 517 525.
Monday, September 26, 2011
Wednesday, August 31, 2011
Storage: A Journey Into Space
Family homes are designed to hold the furniture and possessions that the occupants need and accumulate over time. However, when family possessions become so numerous that they eat up all the available space it’s time to either move into a bigger home or expand the existing one to cope.
• Add a second storey
• Add a room/s
• Add a storage shed
The construction of additional rooms does not always solve the problem of clutter because family members always see the newly created space as potentially having another role – a games room, TV room, visitor’s bedroom etc.
Adding another level usually leads to a reallocation of space and the purchase of even more goods to fill the rooms.
Backyard storage sheds can vary from self-assembled ColorBond cupboards to an architecturally-designed granny flat.
Urban dwellers can find plenty of storage units available for weekly, monthly or annual hire. These can vary from something the size of a clothes cupboard to a double garage. In country areas it is often possible to cheaply rent an unused shed or garage.
In any event, carefully review your possessions before making expensive storage decisions. Why not let us at Professionals Logan Lifestyles look into your space problem because we have the experience and knowledge to suggest possible ideas that will suit your situation.
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 anytime on 0418 517 525.
• Add a second storey
• Add a room/s
• Add a storage shed
The construction of additional rooms does not always solve the problem of clutter because family members always see the newly created space as potentially having another role – a games room, TV room, visitor’s bedroom etc.
Adding another level usually leads to a reallocation of space and the purchase of even more goods to fill the rooms.
Backyard storage sheds can vary from self-assembled ColorBond cupboards to an architecturally-designed granny flat.
Urban dwellers can find plenty of storage units available for weekly, monthly or annual hire. These can vary from something the size of a clothes cupboard to a double garage. In country areas it is often possible to cheaply rent an unused shed or garage.
In any event, carefully review your possessions before making expensive storage decisions. Why not let us at Professionals Logan Lifestyles look into your space problem because we have the experience and knowledge to suggest possible ideas that will suit your situation.
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 anytime on 0418 517 525.
Friday, June 10, 2011
Supporting A Wonderful Cause
Professionals cumulative total raised for the National Breast Cancer Foundation is now OVER $1,618,090. www.nbcf.org.au
Do You Need to Furnish Your Property?
In past times tenants were hard to find and anything extra to attract them was a bonus. But nowadays vacancy rates are at historic low points. So this is hardly necessary for a start.
Even if you do furnish your property, there is every chance the tenants may not find your tastes agreeable. Leaving the property vacant means that your prospective tenants will at least be wealthy enough to have their own furniture. And there won’t be the problem of replacing worn out items.
Yes, you can claim depreciation, but be aware that tired furniture can turn people off as well. So you might end up having to buy new furniture more quickly than anticipated.
There’s every chance, too, that tenants without furniture will also be more transient. This means additional letting costs and loss of rent in the downtimes. Whereas tenants with furniture will at least be motivated by the costs of moving to stay put longer.
The worst news is that the demand for unfurnished properties exceeds that of furnished properties. So why go to all the trouble of outfitting your property in the first place?
There are some exceptions to the above—holiday rentals and serviced apartments. In these cases you’ll want to have a professional manager overseeing the operations.
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 anytime on 0418 517 525.
Even if you do furnish your property, there is every chance the tenants may not find your tastes agreeable. Leaving the property vacant means that your prospective tenants will at least be wealthy enough to have their own furniture. And there won’t be the problem of replacing worn out items.
Yes, you can claim depreciation, but be aware that tired furniture can turn people off as well. So you might end up having to buy new furniture more quickly than anticipated.
There’s every chance, too, that tenants without furniture will also be more transient. This means additional letting costs and loss of rent in the downtimes. Whereas tenants with furniture will at least be motivated by the costs of moving to stay put longer.
The worst news is that the demand for unfurnished properties exceeds that of furnished properties. So why go to all the trouble of outfitting your property in the first place?
There are some exceptions to the above—holiday rentals and serviced apartments. In these cases you’ll want to have a professional manager overseeing the operations.
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 anytime on 0418 517 525.
Friday, June 3, 2011
How Government Could Expand Home Ownership
If there’s one thing apparent to all, it’s that home ownership numbers need to be boosted. The rental market is getting crowded, vacancy rates are falling, and the housing market needs a stimulus.
So here is an idea that bears thinking about. Why not allow first home buyers to be investors as well as owner occupiers? In other means, instead of requiring all first home buyers to move straight into their homes for at least the first 12 months, let them take renters on who could assist them with the mortgage?
This would allow young buyers to stay at home, while giving their parents a chance to fund their deposit and not see them under financial duress.
They could rent out their properties and build up enough savings that in 3-5 years time would allow them to take over the property itself and become true owner- occupiers.
They could even keep their tenants and use their first purchase as a stepping stone to secure a second property. This would put an extra accommodation into the national rent pool. Collectively, the first home buyers group would greatly expand and the Federal Government would save itself millions of dollars in housing subsidies in the meantime.
This plan would not only encourage home ownership, but it would also allow parents to participate in securing their offspring’s future.
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 anytime on 0418 517 525.
So here is an idea that bears thinking about. Why not allow first home buyers to be investors as well as owner occupiers? In other means, instead of requiring all first home buyers to move straight into their homes for at least the first 12 months, let them take renters on who could assist them with the mortgage?
This would allow young buyers to stay at home, while giving their parents a chance to fund their deposit and not see them under financial duress.
They could rent out their properties and build up enough savings that in 3-5 years time would allow them to take over the property itself and become true owner- occupiers.
They could even keep their tenants and use their first purchase as a stepping stone to secure a second property. This would put an extra accommodation into the national rent pool. Collectively, the first home buyers group would greatly expand and the Federal Government would save itself millions of dollars in housing subsidies in the meantime.
This plan would not only encourage home ownership, but it would also allow parents to participate in securing their offspring’s future.
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 anytime on 0418 517 525.
Tuesday, May 31, 2011
Professionals Logan Lifestyles Welcomes Our New Sales Team Members
Marian Grimsey - Marsden Office
Maryanne Arici - Browns Plains Office
Rusy Rusydi - Springwood Office
Braddy Zakaria - Springwood Office
Tuesday, May 24, 2011
Friday, May 20, 2011
How to Make Your Property Secure
The following are tips to make your property more secure:
* Display the street number at the front of the property to assist emergency services to locate your property.
* Ensure all perimeter fences are in good order and that gates are kept closed and locked.
* Trim trees and shrubs from around doors and windows so as not to provide concealment to intruders and to increase visibility to and from the street.
* Install quality security lights around the perimeter of your home.
* The power board to your home should be housed with a secured metal cabinet.
* All perimeter doors to your home should be of solid construction and fitted with quality dead lock sets.
* All perimeter windows should be secured with key-operated locks to restrict unauthorised access.
* Glass within doors and windows should be reinforced by either adhering a shatter resistant film, replacing with laminated glass or having quality metal security grilles or shutters fitted to restrict unauthorised access.
* Consider having a monitored intruder alarm system installed.
* Garages should be locked to restrict access. Roller tilt and panel lift doors can be secured with additional lock sets in the form of hasp and staple or padlocks.
* Get a pet. A dog can be a deterrent to thieves.
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 anytime on 0418 517 525.
* Display the street number at the front of the property to assist emergency services to locate your property.
* Ensure all perimeter fences are in good order and that gates are kept closed and locked.
* Trim trees and shrubs from around doors and windows so as not to provide concealment to intruders and to increase visibility to and from the street.
* Install quality security lights around the perimeter of your home.
* The power board to your home should be housed with a secured metal cabinet.
* All perimeter doors to your home should be of solid construction and fitted with quality dead lock sets.
* All perimeter windows should be secured with key-operated locks to restrict unauthorised access.
* Glass within doors and windows should be reinforced by either adhering a shatter resistant film, replacing with laminated glass or having quality metal security grilles or shutters fitted to restrict unauthorised access.
* Consider having a monitored intruder alarm system installed.
* Garages should be locked to restrict access. Roller tilt and panel lift doors can be secured with additional lock sets in the form of hasp and staple or padlocks.
* Get a pet. A dog can be a deterrent to thieves.
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 anytime on 0418 517 525.
Monday, May 16, 2011
How Stamp Duties Distort the Market
Stamp duties are the bane of the property industry. Not only are they inefficient, but they also make our country over-dependent on property revenue.
Our property taxes (stamp duty and land tax) account for nearly 9 percent of our revenues as opposed to an overseas average of 6 percent.
A major problem with stamp duties on property sales is that they create a “lock-in” effect by discouraging homeowners from moving which dampens market activity. This is particularly harsh on first homebuyers when fewer new properties are being constructed.
There is also an inflationary effect, because every time a homeowner wants to sell, they need to bump up their price just to recover stamp duties.
Because they don’t want to pay stamp duties twice, families will often buy larger homes than required, figuring their families will eventually expand in size. This creates extra financial pressure.
People wanting to upgrade their circumstances, which is natural when one’s income increases, are often discouraged from doing so by stamp duties and have to settle for renovating their existing property.
Worse yet, older people wanting to downsize are likewise prevented from doing so because of the necessity to sell for more money to pay off the stamp duties.
The Federal Government’s own Treasury department found 125 separate federal, state and local taxes a year. Ten of these raised 90 per cent of tax revenue which indicates that the remaining 115 may be inefficient and need to be rationalised.
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 or Springwood 3808 5544.
Our property taxes (stamp duty and land tax) account for nearly 9 percent of our revenues as opposed to an overseas average of 6 percent.
A major problem with stamp duties on property sales is that they create a “lock-in” effect by discouraging homeowners from moving which dampens market activity. This is particularly harsh on first homebuyers when fewer new properties are being constructed.
There is also an inflationary effect, because every time a homeowner wants to sell, they need to bump up their price just to recover stamp duties.
Because they don’t want to pay stamp duties twice, families will often buy larger homes than required, figuring their families will eventually expand in size. This creates extra financial pressure.
People wanting to upgrade their circumstances, which is natural when one’s income increases, are often discouraged from doing so by stamp duties and have to settle for renovating their existing property.
Worse yet, older people wanting to downsize are likewise prevented from doing so because of the necessity to sell for more money to pay off the stamp duties.
The Federal Government’s own Treasury department found 125 separate federal, state and local taxes a year. Ten of these raised 90 per cent of tax revenue which indicates that the remaining 115 may be inefficient and need to be rationalised.
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 or Springwood 3808 5544.
Thursday, April 28, 2011
Single Parents Need Housing Assistance
Sociology lecturer and author Maggie Walters suggests that single parents should be eligible for assistance just as low income earners receiving rental assistance.
“There’s an awful lot of non-resident parents in housing stress. Separating, when you have children especially, causes hardship and housing hardship for everyone, and it ripples on for years.
“Both parents have poor housing outcomes in comparison to those who don’t separate, or who have not separated yet,” Walters concludes.
In a recent body of research work, Ms. Walters and her co-author analysed 4000 households with parents of children under the age of 18 in 2005, including more than 1000 separated parents.
Interestingly, the study showed a great disparity in home ownership retention. The separated parents maintained a home mortgage in 47-48% of the cases. But for parents who stayed together, that same figure hovered around 81%--a big jump indeed.
“Most people have such big mortgages now that when they separate there seems to be a pattern that both parties are thrown out of home ownership, because even if she gets to keep the equity in the house she won’t be able to afford to pay for the mortgage herself, so the house is sold,” she comments.
To remedy the situation, Ms. Walters suggests that separating parents should be able to get financial assistance to help them maintain home ownership, or to re-enter the market if they are in danger of falling out of home ownership.
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 or Springwood 3808 5544.
“There’s an awful lot of non-resident parents in housing stress. Separating, when you have children especially, causes hardship and housing hardship for everyone, and it ripples on for years.
“Both parents have poor housing outcomes in comparison to those who don’t separate, or who have not separated yet,” Walters concludes.
In a recent body of research work, Ms. Walters and her co-author analysed 4000 households with parents of children under the age of 18 in 2005, including more than 1000 separated parents.
Interestingly, the study showed a great disparity in home ownership retention. The separated parents maintained a home mortgage in 47-48% of the cases. But for parents who stayed together, that same figure hovered around 81%--a big jump indeed.
“Most people have such big mortgages now that when they separate there seems to be a pattern that both parties are thrown out of home ownership, because even if she gets to keep the equity in the house she won’t be able to afford to pay for the mortgage herself, so the house is sold,” she comments.
To remedy the situation, Ms. Walters suggests that separating parents should be able to get financial assistance to help them maintain home ownership, or to re-enter the market if they are in danger of falling out of home ownership.
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 or Springwood 3808 5544.
Friday, April 1, 2011
Go Green with Insulation
Government ministers call it “low-hanging fruit”. This is a term designating going green and still not changing your basic habits relative to electricity and gas consumption.
And one such “low-hanging” fruit is insulation. Not only does insulating your home mean you’re less susceptible to winter’s cold. But it also means you’re cooler in the summer heat. It’s one of the less sexier ways to go Green.
What insulation does is save you hundreds of dollars in electric bills, plus it cuts down on peak-load generation of electricity and, most importantly, reduces greenhouse gas emissions. Not bad for doing something so simple and sight unseen.
Yet despite all these benefits, householders are slow to respond with actually taking the step to install insulation. Incredibly, nearly 40 per cent of Australian homes—more than 2.7 million—are not insulated according to the Australian Bureau of Statistics.
Worse yet, instead of seeking the cause of high energy bills, the proportion of homes with air-conditioners rose from 33 per cent in 1994 to 60 per cent in 2005. Ray Thompson of CSR Bradford Insulation calls this a “double whammy”, because it increases both energy inefficiency and greenhouse gases at the same time.
Insulating Australia’s 2.7 million non-insulated homes would cut greenhouse gas emissions by about 90 million tones by 2050, according to the Insulation Council of Australia and New Zealand.
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 or Springwood 3808 5544
And one such “low-hanging” fruit is insulation. Not only does insulating your home mean you’re less susceptible to winter’s cold. But it also means you’re cooler in the summer heat. It’s one of the less sexier ways to go Green.
What insulation does is save you hundreds of dollars in electric bills, plus it cuts down on peak-load generation of electricity and, most importantly, reduces greenhouse gas emissions. Not bad for doing something so simple and sight unseen.
Yet despite all these benefits, householders are slow to respond with actually taking the step to install insulation. Incredibly, nearly 40 per cent of Australian homes—more than 2.7 million—are not insulated according to the Australian Bureau of Statistics.
Worse yet, instead of seeking the cause of high energy bills, the proportion of homes with air-conditioners rose from 33 per cent in 1994 to 60 per cent in 2005. Ray Thompson of CSR Bradford Insulation calls this a “double whammy”, because it increases both energy inefficiency and greenhouse gases at the same time.
Insulating Australia’s 2.7 million non-insulated homes would cut greenhouse gas emissions by about 90 million tones by 2050, according to the Insulation Council of Australia and New Zealand.
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 or Springwood 3808 5544
Thursday, March 24, 2011
Friday, March 11, 2011
Unlock the Hidden Cashflow in Your Investment Property
There is one particular deduction that time and again goes unnoticed or overlooked—depreciation on the building itself. Yet this deduction can be used to reduce debt and save you interest costs on your investment loan or even be put into expanding your property portfolio. So it’s worth looking into.
In order to prepare the paperwork for this you need to contact a Quantity Surveyor who will assess the property and give your accountant all the relevant details. The assessment, itself, is tax deductible and needs to be done only once, while the deduction goes on for years.
What most people do deduct in the way of depreciation are items they actually replace such as a new hot water service or refrigerator. But, oddly enough, the item with the most value they forget—the building itself.
The capital outlay on an investment property normally has three components: the land, the building and the plant and equipment. Each of these items is treated separately from a depreciation perspective.
The good thing about the building depreciation deduction is that it can be immediately claimed against capital outlay subject to the date of construction. The land value and landscaping, however, do not figure in this calculation and are not depreciable.
You can claim the Building Write Allowance on residential dwellings constructed after 18 July 1985. You can also claim the same for non-residential buildings constructed after 20 July 1982. Talk to your accountant for further details.
If you have a question about real estate, or would like assistance in locating or selling a property, feel free to phone me, Noel Thompson Principal Professionals Logan Lifestyles at either Browns Plains 3800 4000, Marsden 3200 4495 or Springwood 3808 5544.
In order to prepare the paperwork for this you need to contact a Quantity Surveyor who will assess the property and give your accountant all the relevant details. The assessment, itself, is tax deductible and needs to be done only once, while the deduction goes on for years.
What most people do deduct in the way of depreciation are items they actually replace such as a new hot water service or refrigerator. But, oddly enough, the item with the most value they forget—the building itself.
The capital outlay on an investment property normally has three components: the land, the building and the plant and equipment. Each of these items is treated separately from a depreciation perspective.
The good thing about the building depreciation deduction is that it can be immediately claimed against capital outlay subject to the date of construction. The land value and landscaping, however, do not figure in this calculation and are not depreciable.
You can claim the Building Write Allowance on residential dwellings constructed after 18 July 1985. You can also claim the same for non-residential buildings constructed after 20 July 1982. Talk to your accountant for further details.
If you have a question about real estate, or would like assistance in locating or selling a property, feel free to phone me, Noel Thompson Principal Professionals Logan Lifestyles at either Browns Plains 3800 4000, Marsden 3200 4495 or Springwood 3808 5544.
Thursday, February 17, 2011
Congratulations!!!
Congratulations to our Marsden office who received the Most Improved Office and the Service Centre Award at the Quarterly Awards held at Victoria Park Golf Club on Wed 16th February.
Tuesday, February 15, 2011
It’s Important to Properly Vet New Tenants
The first point of contact are inspections. Our property management department will provide an agent to personally show tenants through your property. This assists us to get a feel for the prospective tenant and there is no substitute for experience.
Then there is the actual filling out of the tenant applications. Once received, our property management personnel do a thorough tenant check. First on the list will be to contact their current agent to research how they treated their last rental property and whether or not they paid their rent on time.
The next step would be to contact their employer to confirm that they actually hold their stated job and to determine if they are reliable and trustworthy employees who earn enough income to pay the property’s monthly rent. Then we contact the referees for character references.
As a double check to the above, we use tenancy databases such as TICA to check for any recorded defaults against the applicants from past tenancies. As licensed real estate agents we have special access to these normally private sources. This gives you extra assurance.
No one can guarantee you against these sorts of problems, but with our careful vetting processes we can least minimise the chances of any losses and maximise the possibilities of acquiring a stable long-term tenant for your property.
If you have a question about real estate, or would like assistance in locating or selling a property, feel free to phone me, Noel Thompson Principal Professionals Logan Lifestyles at either Browns Plains 3800 4000, Marsden 3200 4495 or Springwood 3808 5544.
Tuesday, December 7, 2010
Professionals Logan Lifestyles Annual Pink Ribbon Raffle
Congratulations goes to Sharron Anderson as she won our Pink Book of Vouchers/Gift Cards
A BIG PINK THANK YOU!!
Noel Thompson & the Team at Professionals Logan Lifestyles would like to thank the Logan Community for your support in our 2010 Pink Ribbon Raffle. With your help we raised $390 for the National Breast Cancer Foundation. We would also like to thank the following Logan Businesses for their donations & support:
Browns Plains Self Storage, RAMS Browns Plains, Tony’s Fresh Seafood, Officeworks Browns Plains, Hobby Pitt Stop Browns Plains, The Really Good Book Shop, JW Automotive & Race Solutions, Pandora’s Beauty Therapy & Hair For Me, Professionals Logan Lifestyles, Kmart, Linda’s Lingerie – Bra Specialist, DIGI Roller Skating Rink, Waterford Tax & Accounting Services
Friday, December 3, 2010
Hodgson Lawyers Christmas Party
A Team from Professionals Logan Lifestyles attended Hodgson Lawyers Christmas Party. We had a great time and a good feed, thank you John & the team at Hodgson Lawyers.
Can you spot the host in the last photo?
Friday, November 12, 2010
Professionals Salesperson's Conference 2010 - Gold Coast
Pictures below of some of our staff who attended the Salesperson Conference & the social event.
Friday, October 22, 2010
Professionals Logan Lifestyles Presents Our Annual Pink Ribbon Raffle
Pink Book of Vouchers!!
All Proceeds Go Directly to the National Breast Cancer Foundation
The Awesome Prize You Can Win!!!
$50 Vouchers, $65 Voucher, $100 Voucher, Movie Tickets, RAMS Slippers, Skate Session Passes, Officeworks Pink Pack ($100 value)
Vouchers/Gift Cards Were Generously Donated By The Following Logan Businesses:
Browns Plains Self Storage, RAMS Browns Plains, Tony’s Fresh Seafood, Officeworks Browns Plains, Hobby Pitt Stop Browns Plains, The Really Good Book Shop, JW Automotive & Race Solutions, Pandora’s Beauty Therapy & Hair For Me, Professionals Logan Lifestyles, Kmart, Linda’s Lingerie – Bra Specialist, DIGI Roller Skating Rink, Waterford Tax & Accounting Services
VALUED AT OVER $700
$2 per TICKET or $5 for 3 TICKETS
Thanks in advance for your support from the team at Professionals Logan Lifestyles & the National Breast Cancer Foundation
The Pink Ribbon Raffle will be drawn 4pm Tuesday 30th November at Professionals Logan Lifestyles, Westpoint Shopping Centre, Browns Plains Rd, Browns Plains
All Proceeds Go Directly to the National Breast Cancer Foundation
The Awesome Prize You Can Win!!!
$50 Vouchers, $65 Voucher, $100 Voucher, Movie Tickets, RAMS Slippers, Skate Session Passes, Officeworks Pink Pack ($100 value)
Vouchers/Gift Cards Were Generously Donated By The Following Logan Businesses:
Browns Plains Self Storage, RAMS Browns Plains, Tony’s Fresh Seafood, Officeworks Browns Plains, Hobby Pitt Stop Browns Plains, The Really Good Book Shop, JW Automotive & Race Solutions, Pandora’s Beauty Therapy & Hair For Me, Professionals Logan Lifestyles, Kmart, Linda’s Lingerie – Bra Specialist, DIGI Roller Skating Rink, Waterford Tax & Accounting Services
VALUED AT OVER $700
$2 per TICKET or $5 for 3 TICKETS
Thanks in advance for your support from the team at Professionals Logan Lifestyles & the National Breast Cancer Foundation
The Pink Ribbon Raffle will be drawn 4pm Tuesday 30th November at Professionals Logan Lifestyles, Westpoint Shopping Centre, Browns Plains Rd, Browns Plains
Thursday, September 16, 2010
More Real Estate Terms
People constantly ask me about the meanings of words used in a sales contract. So here are some standard definitions.
Deposit: When a contract is entered into the purchaser must pay part of the sale price to the seller at the time of entering into the contract. The balance is then paid following a period of investigation of the property’s legal title. Generally the contract for land will call for a 10 per cent deposit. The deposit can be lost to the seller if the purchaser fails to complete the contract within its terms.
Vendor: The seller of the property.
Private treaty: Private sale of property as opposed to the public sale of property at auction.
Strata (unit) title: A form of title which allows a property allotment to be subdivided vertically or horizontally. An example is a block of home units, where each unit has a separate title and can be sold and owned independently of the other units.
If you have a question about real estate, or would like assistance in locating or selling 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.
Deposit: When a contract is entered into the purchaser must pay part of the sale price to the seller at the time of entering into the contract. The balance is then paid following a period of investigation of the property’s legal title. Generally the contract for land will call for a 10 per cent deposit. The deposit can be lost to the seller if the purchaser fails to complete the contract within its terms.
Vendor: The seller of the property.
Private treaty: Private sale of property as opposed to the public sale of property at auction.
Strata (unit) title: A form of title which allows a property allotment to be subdivided vertically or horizontally. An example is a block of home units, where each unit has a separate title and can be sold and owned independently of the other units.
If you have a question about real estate, or would like assistance in locating or selling 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.
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