Tag Archives | Proactive Brisbane Property Agent

What Causes Your Roof to Leak and What Should You Do About it?

What Causes Your Roof to Leak and What Should You Do About it?“Leaking Roof?”

No one wants a leaking roof as they can cause excessive damage to your home, wall linings and frames. Most leaking roofs are due to cracks in the roof tiles that are the result of accidental damage. A ball on the roof for example and an over-excited teenager climbing the roof to fetch it can cause a broken or cracked roof tile.

The simple installation of a television antenna can do the same thing.

Your roof should be inspected regularly for cracked tiles or areas that require re-pointing. This really is a job for a qualified tradesman. A regular building inspection will cover this for you and give you the peace of mind you need.

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Super-sleuthing beneath the Surface at Open House Inspections

Super-sleuthing beneath the Surface at Open House Inspections

“Open House Inspections”

Looking for the right home can be an adventure but it’s important not to be seduced by glossy surfaces.

Following are some valuable tips for inspecting properties:

  1. Take The Right Tools
  • Pocket-sized mag light.
  • Note pad and pen
  • Comfortable clothes (be prepared to get down and dirty).
  1. Have the Right Mindset
  • Be prepared and be inquisitive. An inspection is exactly that, you’re not a guest. Don’t be afraid to inspect anything that seems damaged or in disrepair.
  • Don’t overlook the obvious. Why is furniture positioned where it is? Is there anything being hidden?
  • Spend time in the property to really take its measure.
  1. Ask the Essentials
  • Ask for a copy of the contract
  • Why are they selling?
  • If you’re seriously interested, arrange another private viewing so that you can review anything you might have overlooked.
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Hot Topics Property Management-The New Australian Dream

Hot Topics Property ManagementHi,

I came across this podcast from Lee Woodward of Real Estate Academy Australia (www.realestateacademy.com.au) which I believe will be very helpful for anyone in the real estate industry.

The New Australian Dream is an opportunity to purchase property using a Self Managed Super Fund. On this audio Lee Woodward, has tested the strategy and interviews the Westpac Banking Corporation and a Financial Planner to give you a clear, concise plan in 10 simple steps to achieve the new Australian Dream.

Enjoy this audio and learn the new investment strategy taking the nation by storm.

Click here to listen to the podcast.

If you don’t have iTunes, you are able to download the podcast as an mp3 from this link.

I hope you will enjoy this as much as I did.

Regards,

Christina

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Things You Need to Know Before You Bid at Auction

Things You Need to Know Before You Bid at AuctionLaws governing the purchase of property at auction differ from those covering private treaty.
It is advisable to make sure you are in a position to bid at auction, prior to attending.

A successful highest bidder is committed to proceed with the purchase so bidders need to ensure that they are in a position to proceed.

The purchase at auction (under the hammer) is not subject to a cooling off period or building inspection, it is an unconditional contract.

Tips for preparing to bid include:

  • Obtain written finance approval. This can be subject to a valuation so this may need to be done prior to the auction.
  • Arrange the deposit. Check with the agent what is required. It is usually 10% and payable by cheque or bank cheque on the day.
  • Undertake a pest and building report prior to the auction if the owner has not provided one. If they have, call and discuss report with the inspector.
  • Have your legal representative peruse the agreement for sale and undertake due diligence.
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Divide and Prosper!

Purchasing property on larger blocks in older subdivisions can generate extensive profits if the property can be subdivided.

In recent years local council regulations have varied and smaller subdivision is allowable in certain areas. This change in policy has allowed an opportunity to purchase older property in older subdivisions where a developer/renovator can undertake the renovation of the existing dwelling and subdivide the land creating the opportunity of profit.

Here are some tips to get you started:

  • Contact local council and familiarise yourself with its policies in relation to subdivision and development.
  • Identify the types of areas where you can find suitable properties for subdivision.
  • Canvas those areas with agents and personally to see if you can find a seller.
  • Make sure you have your finance in place so that you are ready to act should the opportunity arise.
  • Keep you first project simple. A small, successful sub-division will put you in good stead for future projects
  • Always do your homework on the area, market and property!
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