Tag: Selling

Posted at Posted on by Author adminin News Article, Selling

Home for the holidays? 3 tips for Buying or Selling at Christmas

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.

  1. Identify Christmas Shutdown Clauses

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.

  1. Plan your holiday absence

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.

  1. Be realistic about approvals

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.

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Posted at Posted on by Author adminin Articles, Resources Bank, Selling

Why buy in Kyneton?

Years ago, if you asked anyone who didn’t live on the Calder line where Kyneton was you would probably get a blank expression.

These days, Kyneton has become an emerging hotspot for creative and professional tree-changers as well as well as those seeking a quieter lifestyle.

One of the biggest draw cards is Kyneton’s proximity to the Melbourne CBD as well as the airport. With access to Melbourne and the inner north only an hour away by road and rail, savvy commuters have found it a bonus instead of spending equal time travelling from suburban areas.

The housing marketing remains steady in Kyneton, with a combination of character filled period homes as well as newer stock keeping both buyers and sellers happy. With owner occupiers as well as investors finding it increasingly difficult to enter the Melbourne market,

Real Estate Institute of Victoria data also supports homebuyers choosing places like Kyneton with median house prices increasing approxametly 39% over the last five years.

One of my tree-changing buyers recently said “It is the 5 minute lifestyle that did it for us.” And she is right! With fast trains, sophisticated hospital and healthcare facilities, progressive schools and access to childcare as well as Kyneton’s renown epicurean scene and natural attractions, I do not foresee the interest in Kyneton as home buying hotspot slowing down any time soon.

For more on why buyers can’t seem to resist Kyneton, head on over to jenniferpearce.com.au and I’ll share my insights.

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Posted at Posted on by Author adminin Articles, Resources Bank

Should I Spend Money on My Property Before Selling

A common question I am asked when people are considering selling their property is whether investing in additional renovations will produce a more profitable sale. In short, should I spend some money on my home now to make more money when I sell.

The first thing to keep in mind is that every property is different. Some homeowners might need to spend money on their property to make a sale, and others won’t.

And the factors at play are variable. It not only depends on the property’s current condition, but on the state of the local real estate market as well. A high supply of quality stock in your local area might mean you need to spend a little on raising the standard of your home to meet buyer expectations.

There are many different ways that can be used to smarten up a property before putting it on the market. These could range from a basic clean-up job to a full renovation.

The critical factor should be the return on your investment. You must consider whether the cost to improving the look of your home before putting it on the market will result in a sale price that is higher than your renovation investment. There is no science to this and can be somewhat tricky to measure.

A good real estate agent who knows the local market intimately will be able to help you understand the value of the different levels of renovation investment and its effectiveness at sale time. Your agent should be able to answer questions about the state of the market in general as well intimate knowledge of the local competition and what features drive up a sale price. Whether you consider engaging a professional or conducting some DIY renovations, your agent will know what will work the best for you and whether these modifications are necessary in the first place.

It is not a bad idea for you to conduct your own due diligence by visiting comparable homes in your area that are on the market. This will assist you in gauging whether that pergola you are thinking of building will drive up the sale price or whether it will leave you out of pocket.

If you are going to spend money on your home, it’s vital to ensure that this money is going to be put to good use and result in a higher profit at the point of sale.

For details on what renovations in your home could help drive up the sale price, head to my website at www.jenniferpearce.com.au

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