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Big City, Bright Lights to Small Towns: Real Estate Blog

Selling Luxury Homes In Sydney: 5 Things You Should Know

Posted by on 9:15 am in Uncategorized | Comments Off on Selling Luxury Homes In Sydney: 5 Things You Should Know

If you haven’t sold a property in Sydney for some time, you may not fully understand how the market is performing. A specialist luxury real estate agent can help you navigate the complexities of the market and will provide insight that can help you negotiate the best price. Nonetheless, if you’re unsure whether you can or should try to sell your luxury home now, here are five things you should know about the current luxury property market in Sydney. Sydney has one of the strongest luxury property markets in the world Over recent years, property prices in Sydney have shown very healthy growth, and the luxury home market has set exciting trends. In fact, the top three cities globally for luxury properties are Vancouver, Miami and Sydney. Indeed, from June 2014 to June 2015 luxury property in Sydney saw growth of 10.3 percent. Melbourne wasn’t far behind (at 7.9 percent), but low interest rates and a great quality of life in the home of the Opera House attract wealthy buyers from around the world. As such, this is probably a great time to sell your property. It still takes longer to sell a luxury home While the luxury market is buoyant, interested parties still don’t often rush to sign the cheque, so it’s important to set yourself realistic expectations. What’s more, while your property may fetch millions, luxury buyers are still looking for a bargain, so you should prepare yourself to haggle. Certain Sydney suburbs outperform all the others. For example, the median property prices in Point Piper, Watson’s Bay and Centennial Park are higher than anywhere else in the country. Nonetheless, other suburbs still rely on discounts. For example, sellers in Vaucluse need to discount by around 8.7 percent – an issue that also affects luxury property sellers. Make sure you understand your suburb and plan your sale realistically based on demand in the area. You should use multiple marketing channels You need to take steps to make sure your property stands out against the others on the Sydney market (and elsewhere in Australia). Don’t rely on one marketing channel, or you may miss a large chunk of potential buyers. Channels to consider include: Specialist press advertising Outdoor and billboards Paid search Email marketing Look for an agent who understands and specialises in these marketing channels. He or she can help you navigate any hurdles that will delay your advert hitting the market. Consider the cost of these activities when you negotiate a fee with your agent. You may still need to offer an incentive Some people wrongly believe that luxury buyers are immune to the lure of an incentive, but this is not always the case. Even if somebody is willing to pay millions, incentives can still clinch the deal. For example, if you want to sell a luxury waterside apartment, your buyer may plan to keep his or her boat near the property. Find out what fees this could attract and decide if it is useful to pay for the first twelve months up front as an incentive to an interested buyer. Foreign investors often also want convenience, and some buyers may like the idea that the sale price includes certain items of furniture. Work out where you can compromise to seal the deal quickly and for the...

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Does A First Home Buyer Need A Buyers Advocate? Three Questions To Help You Decide

Posted by on 9:41 am in Uncategorized | Comments Off on Does A First Home Buyer Need A Buyers Advocate? Three Questions To Help You Decide

As a first home buyer, you are entering the exciting new world of property ownership. You are part of 66% of first home buyers who think now is a great time to enter the Australian property market, so it is time to start house hunting. Many first home buyers find their first purchase a little daunting, and do not know where to start with the process. This is when you need to decide whether a buyers advocate can help you. Consider these three questions to help you make up your mind. What Is The Difference Between A Buyers Advocate And A Real Estate Agent? The first thing you need to know about a buyers advocate is what they do compared to a real estate agent. Real Estate Agent: Works for one real estate company. Wants to sell you a home that they or another agent in their company has listed. Helps both sellers and buyers through a real estate process. Buyers Advocate: Does not work for any real estate company. Instead they are a real estate consultant that can source property for you from many different sources. They will use the Internet, newspaper advertising, and personal contacts to find the home you want. Only works for you as the buyer. Buyers advocates never represent a property seller. Both real estate agents and buyers advocates need to be professionally licensed in their state to act on your behalf. What Can A Buyers Advocate Do For You? There are quite a few extra services that a buyers advocate can offer you that a real estate agent won’t. These services are particularly beneficial to first home buyers who are in need of a little extra guidance: A buyers advocate does an assessment of all available properties that meet your requirements, and whittles down a shortlist for you to inspect. This can save you hundreds of man hours of scouring the market to find the property you want. A real estate agent wants to sell you a home, so they may present you with unsuitable properties in the hope of making a sale. This, of course, is an intrusion onto your valuable time. While a real estate agent shuffles the contract between buyer and seller, a buyers advocate can actively negotiate with the seller on your behalf. This is particularly useful if the property you want is being sold at auction, as this process can be emotionally overwhelming. A buyers advocate will attend the auction with you and take care of the bidding on your behalf. By doing so you need not worry about making a bidding mistake, or getting caught in the moment and bidding more than you can afford. In a nutshell, a buyers advocate is a stress reliever. Buying a home is one of the leading causes of stress, so allowing someone else to do the majority of the work allows you to focus your energies on other aspects of your life. How Does A Buyers Advocate Get Paid? You are no doubt asking yourself how a buyers advocate gets paid for their services, because no-one works for free! You need not worry that an advocate is only going to present you with properties where they have a vested interest in you buying because they will benefit financially. Unlike a...

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Business Travellers: Five Ways To Save Money On Your Executive Lease

Posted by on 7:42 am in Uncategorized | Comments Off on Business Travellers: Five Ways To Save Money On Your Executive Lease

If you need to stay in another city for an extended period of time due to a business project, you can bypass the expense of a hotel by leasing corporate housing. Although executive leasing is less expensive than staying in hotels, it is typically more expensive than the average cost of rent in an area. Luckily, however, there are ways to save money on your executive lease. If you want to keep costs low, consider the following five strategies: 1. Look for a property with included amenities such as internet service Typically, executive leasing flats or homes are furnished, but in some cases, they may not offer cable TV or internet service. If they don’t have these services, you will have to hook them up and pay for installation and monthly fees. If possible, try to avoid those extra costs by looking for a lease that includes these amenities. 2. Opt out of unnecessary services and options Finding an executive lease with the amenities you need included can help you to save money. However, if you are paying for amenities you do not need or want, that can increase your monthly expense. If possible, look for leases that allow you to choose what you want included. For example, if you have a great data plan on your mobile phone and don’t need internet in the flat, ask the landlord to drop it and lower your monthly rate. If you don’t mind cleaning, look for a place that doesn’t offer maid service. Look carefully at all of the included services and drop what you do not need. 3. Find corporate housing with meeting spaces If you need to hold meetings or gather with other workers and you do not have a dedicated space to do that, you may have to pay extra rental costs for boardrooms or meeting rooms. However, you can avoid those costs if you find an executive rental that has spaces for meetings. Depending on your particular needs, you may want to look for an executive flat that has a board room instead of a living room or a nice office for meeting clients privately. Alternatively, you may want to lease a flat in a building that has meeting rooms available for free in it. 4. Ask your boss for a housing allowance If you are employed by someone, you should not have to pay for the cost of your executive lease on your own. Instead, your employer should give you a living-away-from-home allowance. Have your employer pay your executive leasing costs directly, or have him or her reimburse you as needed. If you are self-employed, remember to save your receipts. You may be able to write-off your executive leasing costs as a business expense. Whether you are claiming the living-away-from-home allowance or a self-employment deduction, keep in mind you have to meet other criteria. Basically, the executive lease needs to be a travel expense, and you must maintain another home for regular living. If the executive lease is your only and primary home, you cannot deduct the expense or claim an allowance. 5. Find a convenient location In most cases, executive leases are located near central business districts. Finding one in a convenient location can also help you to save money. For example, you won’t have...

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