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Be careful when providing your details in a property purchase!
When buying a property, it’s crucial to be meticulous with the details you provide. We’ve seen several instances where buyers enter into a contract to purchase a property, only to realise within a few days that it would have been better to add a name or change the purchasing entity (such as a Family Trust). At first glance, you might think it’s a simple fix – just draw ...
Beware of Common Contract Mistakes: A Cautionary Tale for Buyers
Recently, we heard about a buyer who took the initiative to fill out a property purchase contract himself and submitted it to the agent, believing it was fully completed. He intended for the contract to be subject to finance but overlooked the crucial Financier section. Once the contract was counter-signed and thus legally binding, the buyer realised that due to this omission, the contract was...
Body Corporate Fees
I've had a few buyers comment that they are put off by a property with high body corporate fees. I've thought about this and would suggest some consideration be given to the following points:Body Corporate fees are made up of Administration and Sinking Fund levies.The Administration Fund is there to take care of regular maintenance, insurance, on-site managers, body corporate managers, pool run...
A Comprehensive Guide for Landlords
Being a landlord can be a rewarding experience, and it also comes with its fair share of responsibilities. Understanding the legal obligations, best practices, and tips for managing your rental business is crucial. If you would like to know more contact me on 0427 860 882. Being a landlord can be a rewarding experience, and it also comes with its fair share of responsibilities. Understanding t...
Tips for Improving the Value of your Property
Improving the value of your property doesn’t require elaborate renovations, second-story extensions or the addition of a swimming pool – DIY reality TV shows have proven that. Cosmetic changes can go a long way in helping to turn your home from rundown to glamourous all while saving you money and adding a few more dollars to your rental price. We often make suggestions to update a...
Tips for choosing the right property manager
An investment property will be one of the largest purchases in your life and when it comes to finding a tenant for the best return on your investment, it pays to employ a qualified and experienced property manager. Research your options before making the decision to appoint a property manager, meet with prospective agencies and An investment property will be one of the largest purchases ...