Who better to ask than the people who know best why they love Kyneton.
The secret is out…
Who better to ask than the people who know best why they love Kyneton.
The secret is out…
* This article originally published in the February 2018 Midland Express
It’s fair to say the property market can feel like an obstacle course at times.
Everyone has their own bit of advice on real estate, but what is right for your situation may not suit the next person at all. Some key things to consider when tackling the decision of what to do with your existing property when the time comes to move on – should you sell it or rent it out.
Let’s not get emotional
Although difficult, it is critical to making smart and informed financial decisions. Be objective and try to understand why you are considering the options.
Downsizers whose family have left the home might want to keep the family home as it still hold great emotional attachments. Basing decisions about such a large asset can be dangerous territory and can lead to poor financial decisions.
Don’t rush it. Without prudent advice and a thorough understanding your individual financial situation, trying to sell quickly this may not be the right decision either.
Your Cash Flow
Holding on to an investment property could give your finances an injection in the future and present tax incentive, but consider your cashflow in meantime? If your investment is dependent on the projected rental income from the property, consider things like maintenance costs and upkeep, body corporate costs and council rates depending on the property or what if the property is vacant for a period of time for whatever reason. All these things could impact the viability and manageability of your investment.
Remind yourself why you purchased the home in the first place. Was it a home to live in long term or a financial decision based on market opportunities? If you have strong, reliable information to support the investment, the benefit of turning your home into a rental may outweigh the associated risks.
Are you more confused then ever? Here are our top considerations when deciding whether to rent or sell your existing property.
For more on real estate in Kyneton and surrounds, head to jenniferpearce.com.au
When house hunting, it can be fun to look through homes that you could potentially call your own. But keep in mind that you are not doing this just for fun. Try not be distracted by decorative tricks that might otherwise hide a structural anomaly.
My recommendation for prospective buyers is to use an Evaluation Checklist to keep track of the most important aspects of the homes you see.
Use the Evaluation Checklist (Link here: The-Checklist-for-Evaluating-a-Home-Feb-2018-2.pdf) when you become seriously interested in a house. It will support you from seeing the property from a less emotional position and make a better and more informed decision.
Do not use this list as a substitute for hiring a Building and Pest Inspector to check out the house thoroughly. Engaging your own building and pest inspector should be part of your own due diligence before committing to a sale.
With the New Year comes a new optimism from both buyers and sellers wanting to take a punt on a fresh start, eager to get their resolutions met earlier.
Traditionally, real estate lore said not put your home on the market over the holiday season. But with the 24/7 connected nature of the internet, busy jobs and modern lifestyles, homebuyers can now pick and choose when and where they see your home, at least online.
Here are three good reasons why you should consider selling your home in the new year.
It’s a competitive house market out there for buyers and people don’t slow down anymore just because it’s the summer holidays. In our busy modern lives, mobile technology connects potential home buyers to their potential new home whenever they want. Prospective buyers have the ways and means to look for it and they’re not willing to miss that chance just because the rest of life seems hectic, even over Christmas. Make sure you’re out there for them.
There are fewer homes available for purchase over the Christmas season. Since traditional advice has always been to not try and sell over the holidays, many people stop listing. Here’s your chance to take advantage of the sudden absence of sellers and have your house stand out in a much smaller crowd. Be there when no one else is !
Those looking over the summer period are usually serious buyers. Many want to seal the deal quickly and be able to move in soon, sometimes, even more, the New Year. You could be closer to your own new year dreams if you take the time to consider the buyers who are still out and about at this busy time of the year.
New Years is a time for people to start realizing their goals and the clever ones make that happen sooner rather than later.
For more on how you can get your home sold in January, head to Jenniferpearce.com.au
*This article originally appeared in the January 2018 Midland Express
A lot of people have resolved to sell your home this year. With people recovering from Christmas and ready to start forging ahead with their New Year’s goals, it is a great time to take the plunge and get your house on the market.
But what happens if you house has been on the market for a while and hasn’t sold? The Kyneton market is certainly hot but there could be a small reason why your home hasn’t shifted. If you’re really dedicated to selling your house this year, you need to take decisive action.
A couple of things to think about:
Let’s be honest, if you’ve been trying to sell for quite a while without little interest, it might be time to shake things up. Often a price adjustment can make a listing sell much swifter. Sometimes just a refresh of your marketing is enough to target new buyers ready to launch into 2018.This could include changing the copy about the property, a new heading about the property or using different hero images can make a huge difference.
The internet is full of incredible ideas on how you can scale back on the personal but increase the potential of staging and styling your home. If necessary, commission a home stager or a trusted friend who has great personal style to help you get to market.
If all else fails, why not give me a call? Ten minutes on the phone can help you to understand the issues, and whether or not you can do something to improve the situation. If your New Year’s Resolution is to sell your home, let’s make it a priority to get it done right and with maximum profit for you.
For more on how I can help you sell your home, head to jenniferpearce.com.au
* This article was first published in the December Midland Express
Are you trying to sell your home just as everyone else is putting their Christmas tree up? Don’t fret! There are some known advantages to selling through Christmas and New Year.
There are some challenges to selling your property through the Christmas holidays. Many agents shut shop and have a break, buyers are distracted with the silly season and many of us are just plain tired!
But if you are selling your property over the Christmas holidays, don’t stress! It actually might be a good thing.
With the spring selling season slowing down, there are buyers still on the lookout for their next property. Christmas time is less competitive and house hunters who missed out on a spring sale are still actively looking.
After Christmas, people’s schedules slow down which means more time for them to scout and view properties. The motivation to start the year off with a new home purchase is not something sellers should discount.
Consider also that there is less competition. Selling at the height of spring means you’ll house needs to stand out from the pack. With fewer properties listed during christmas and New Year, buyers have less prospects to choose from.
At the end of the year, people are reflective and inventive. Buying a house is often on people’s mind as one of their new years goals and doing that sooner sets the momentum for the year to come.
In a hot market like Kyneton, listing over Christmas might be a strategic move in securing a sale with just a special few houses on the market.
For more on how to you maximise a Christmas sale, head to jenniferpearce.com.au
It is a such a busy time of year! And Christmas can be stressful as it is let alone if you are buying or selling a home during this period. Then it can be downright overwhelming.
So to help you with the overwhelm, we’ve collected a few pointers to assist with your property sales thisChristmas.
When you buy a property, you need to exchange contracts before settlement is to occur.
A contract exchanged on 5 December might settle on 4 January, however keep in mind many offices close for the Christmas shutdown period.
In order to ensure that you are not in breach of your contract, your solicitor or conveyancer may need to include a Christmas Shutdown Clause, which states that your settlement will occur immediately after the Christmas Shutdown Period.
Many people take a trip out of town over the Christmas period. If you’re buying or selling a house, your contract may require you to complete a transaction while you’re not home.
If you are going away, you must notify your conveyancer or solicitor know. Before you take off, ensure that you have signed all documents so that the exchange or settlement can occur even in your absence. Alternatively, you might want to nominate a power of attorney.
It is important that you are realistic about time frames for loan approval processes. If you have submitted your request in late November, you may not get approval until the new year given the process time frames. Ensuring you are prepared and realistic will help keep the stress lower.
Whatever you choose to do, knowing that buying or selling your house over the Christmas period might be the best gift you ever receive.
A Christmas wrap up and seasonal message from Jennifer Pearce from Raine & Horne, Kyneton.
*This article first appeared in the Midland Express in November 2017
In today’s real estate market, ensuring that your home is buyer-ready will not only secure a swift sale but it can also increase the sale price of your property.
So what do I mean by buyer-ready? You have a few precious seconds to captivate prospective buyers and tempt them to approach your property. Staging your home will give your home that ‘Wow’ factor that will attract a more diverse buyer and assist you in maximizing the highest possible sale price and at a swifter rate.
So what exactly is staging? Home staging goes a bit further than simply preparing your house for a sale. It involves setting a specific welcoming scene to intrigue potential buyers. With the use of interior decoration tips and well thought-out design, you can turn a very basic property into an alluring and stunning home.
That magic combination of styling and setting a purpose for your home will support the overall perceived value.
Many real estate agents are already experts in home staging. They know from experience what draws in buyers, and can help you achieve your goals. There are also professional home stagers who can help you with your endeavour. Although this comes at an additional price, the return on investment is usually high because staging can lead to your home being sold for thousands of dollars more.
Another option is taking on the staging yourself. This will take considerable more time and effort but the longer-term gain for you can be a lucrative sale price. It does pay however to have a trusted real estate agent to consult you throughout the process.
For more ideas and advice on staging your home for sale, head to jenniferpearce.com.au where I share my insights to help maximise your sale price through staging.