|
When a potential investor or buyer hears the term “mortgagee sale” or “repossession” you can often see the dollar signs in their eyes. There is a common view that mortgagee sales come with a lower than market value price. This can be correct in some cases, however thorough due diligence should be conducted before purchasing this type of property. Below we will look into the usual process in WA for mortgagee sales, as well as the pros and cons of purchasing a mortgagee in possession property.
0 Comments
Have you maximised profit in your previous property dealings? Or have you ever lost out on the property of your dreams and felt like nothing better would ever come along? Buying property in Perth can be an emotional experience, especially for those who are inexperienced, so how do we override emotion in a Perth property purchase?
There are many methods of pricing when it comes to property. Real estate agents are constantly coming up with flashy ways to word the price of a property in order to obtain a higher selling price. The below should be considered when agreeing to a pricing method for your property or deciphering the jargon used by some real estate agents:
With changes to state legislation allowing granny flats to be built on residential land and rented to anybody, it’s no wonder they’ve become increasingly popular. Previously a granny flat could only be occupied by a direct family member, intending a granny flat to be exactly as the name suggests – an ancillary dwelling so an older member of the family could remain living with their younger family. Now granny flats in Perth are being constructed as a cheaper and quicker alternative to subdividing a block, or a way to create better cash-flow. Below we take a look at some of the reasons granny flats have become so popular in Perth, and what needs to be considered before incorporating a granny flat into your investment strategy.
You’ve bought your land and now you’re caught up in the excitement of building your new home. Which home design should I choose? Who is the best Builder? What colour schemes do I like? Although it is easy to get engrossed in the excitement of building a house, being practical and ensuring you fully understand your building contract will save you stress, time and money.
Many people find the process of moving house stressful and time consuming. If you have rarely moved houses in the past, or if this is your first time, you may not know what to expect. The tips for moving house in this article should help make the process simpler and less stressful.
Right now it appears that the Perth property market is in a state of confusion. Many people are calling it a “bubble ready to burst” and others are saying now is the right time to buy. So who’s right?
Certain tests should be undertaken during construction to ensure the quality of building products. This is particularly applicable to the pouring of concrete, as errors made at this stage of the build can lead to costly and potentially dangerous defects becoming apparent in the future.
Buying Property in Perth can no doubt be a stressful process. A recent digital property report released by Price Waterhouse Cooper stated that 1 in 3 people felt stressed out during the settlement process when buying or selling real estate.
|
AuthorAll blogs are written by the team at Archives
September 2015
Categories |
BUYING PROPERTY PERTH – Free Information for Perth Home Buyers
RSS Feed