Forum Replies Created

Viewing 20 posts - 41 through 60 (of 122 total)
  • Profile photo of ksherwellksherwell
    Member
    @ksherwell
    Join Date: 2007
    Post Count: 125

    Hi Christina

    I'm a real estate agent as well as a financier and I come across this question each day.

    The problem does have two sides
    1. sell first – can't find the right property
    2. buy first – have to sell your current home for a cheap price to ensure you can settle the purchased property.

    Solution: its better to have the money in the bank, especially in a tough market when days on sale are exceeding 45days.  Sell the property 1st, get a long (90day+) settlement and ensure you have a unconditional contract before purchasing.

    I would even extend to not looking at any properties until you are sold, you might get heart broken if you fall in love with  a property  and it gets sold.

    Good Luck

    Profile photo of ksherwellksherwell
    Member
    @ksherwell
    Join Date: 2007
    Post Count: 125

    Sounds interesting

    Profile photo of ksherwellksherwell
    Member
    @ksherwell
    Join Date: 2007
    Post Count: 125

    Consider your budget, the area which you are purchasing (can you live there for 3  to 5 years). Is your job stable?

    Profile photo of ksherwellksherwell
    Member
    @ksherwell
    Join Date: 2007
    Post Count: 125

    A number of real estate agents offer free insurance via RACV until settlement.

    Good idea to check this out

    Profile photo of ksherwellksherwell
    Member
    @ksherwell
    Join Date: 2007
    Post Count: 125

    I have a few friends who live in the above towns and others which have invested. They are happy with their purchases

    Profile photo of ksherwellksherwell
    Member
    @ksherwell
    Join Date: 2007
    Post Count: 125

    I have never heard of a refund for LMI.

    Profile photo of ksherwellksherwell
    Member
    @ksherwell
    Join Date: 2007
    Post Count: 125

    Depends which state you are in, a number of the grants are converting to stamp duty concessions

    check this out

    http://www.osr.nsw.gov.au/lib/doc/factsheets/fs_fhb1.pdf

    Profile photo of ksherwellksherwell
    Member
    @ksherwell
    Join Date: 2007
    Post Count: 125

    Better get in quick as the FHOB grants runs out on the 30th June, a number of real estate agents have free books as well.
    But if you google RAMS buying a home, their book should come up.

    Profile photo of ksherwellksherwell
    Member
    @ksherwell
    Join Date: 2007
    Post Count: 125

    Thats true, I can't see a vendor doing this without increasing the price

    Profile photo of ksherwellksherwell
    Member
    @ksherwell
    Join Date: 2007
    Post Count: 125

    Thats sounds rich, my clients pay between $500 and $700 at the most

    Profile photo of ksherwellksherwell
    Member
    @ksherwell
    Join Date: 2007
    Post Count: 125

    I was an estate agent, between 2005 and 2009. You are true, so many came to my opens and commented how agents just ignored them.
    I made a point of it, to talk to them first and always shanking a woman hand (with the rare exception)

    Most agent believe the man does the dealing

    But I have also defend as a number of women just stand back and let the man do it.

    So, I would think saying are agents sexist is a very generalised comment

    Profile photo of ksherwellksherwell
    Member
    @ksherwell
    Join Date: 2007
    Post Count: 125

    I heard a similar thing, but havent investigated

    Profile photo of ksherwellksherwell
    Member
    @ksherwell
    Join Date: 2007
    Post Count: 125

    Havent seen much movement in Gladstone

    Profile photo of ksherwellksherwell
    Member
    @ksherwell
    Join Date: 2007
    Post Count: 125

    It really depends on your tax situation. Best to talk to your accountant.

    Profile photo of ksherwellksherwell
    Member
    @ksherwell
    Join Date: 2007
    Post Count: 125

    I use a weekly work plan and stick to it as best as possible

    Also I spend 10min before end of the day organising the next day

    Profile photo of ksherwellksherwell
    Member
    @ksherwell
    Join Date: 2007
    Post Count: 125

    I have done this  many times between 2005 and 2009. Due to changes in the 5 star ratings for new homes (yes moving an old home is seen as a new home) the costs just dont make a good investment anyone

    Plus you need to be weary of the movers and what they include. A number of them will move the house and place it on milk crates and the rest is up to you.

    I would recommend not doing it, unless you find a trust worthy builder.

    I went through 4 movers, all bad

    Profile photo of ksherwellksherwell
    Member
    @ksherwell
    Join Date: 2007
    Post Count: 125

    The bank will have to get a new one – it costs around $2 to $5k.

    Get your solicator involved

    Profile photo of ksherwellksherwell
    Member
    @ksherwell
    Join Date: 2007
    Post Count: 125

    I agree with Catalyst

    Profile photo of ksherwellksherwell
    Member
    @ksherwell
    Join Date: 2007
    Post Count: 125

    I have been myself. It is a bit rich.
    $69k

    Here are the numbers
    Upfront
    50% of commission goes to the customer
    20% to the franchisor
    30% to the franchisee

    Trail
    Franchisor takes .05%

    With lenders cracking down on commission rates, you can't really make money on the upfront.

    last year BRW posted the average earning of a Refund franchisee @ $47k

    So it would take you 3 yrs to pay off.

    I would recommed going to connective, if looking to be a broker.

    FYI I'm not associated with any aggregator

    Profile photo of ksherwellksherwell
    Member
    @ksherwell
    Join Date: 2007
    Post Count: 125

    Thats ok oneworld

    Let us know what rate you are on and see if the forum can get you the best deal.

Viewing 20 posts - 41 through 60 (of 122 total)