Monthly Archives: December 2018

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Why people don’t buy some property

Whether you are an investor or vendor you want to sell out your property fast in order to make your next move in the property world. But selling real estate property and finding a suitable buyer for it is not an easy task. It is undeniable fact that there are lot many influential factors which affect the property transaction. You should work on those factors which you have control over and you should put some little efforts to sell your property fast. Keeping your investment property on market for a long time demands maintenance cost and lower the overall property price.

There are the reasons why homes don’t sell fast and why people don’t buy such properties. Because of mistakes are done by the property investors while selling it. In order to sell your investment property fast, it is advisable for the investors to take a suggestion from the property valuation VIC.

1. Incorrect pricing strategy – Every investor and vendor want to earn the profit. To fulfil this desire they overpriced the property which is the worst mistake they make. This leads to taking away the potential buyers. No matter how smartly your investment home is renovated never forget property buyers are smart now. They know the actual value of the property. So it is imperative for you to hire a property valuation VIC first and know the actual market value of it before announcing your property is not market for sale.

Tips – After location price is the second important things which are highly valued in the property market. Being an investor or property valuer you should set the right selling price of your property.

2. Poor quality renovation – While housing flipping or renovation or remodelling an investment property, you choose poor quality material and DIY task to save few bucks. Which is not right. Quality material speaks in itself. If you use low-quality material to cut your corners then buyers can easily understand the things and will show less interest or no interest in buying your property. There is the difference in cost efficiency and cutting your corners. Be wise in doing so.
You should not do the home renovations task just to save money remember only professionals can give you less quality work and poor quality work will cost you even more to rectify the mess you had created.

Tips – Choose the renovation task mindfully. Renovate those part of the house which needs improvements and very essential. Also, make sure your renovation gives you good returns on investment. You can even ask property valuation Sydney before starting the renovation.

3. Doesn’t fulfil their requirement – It is essential to target the right buyers to sell your home fast. If you are targeting the buyers having children and your investment property is not in the school’s zone. Then you are targeting wrong buyers. It is imperative to study the marketing strategy well. You should first understand the buyer’s need and then think does property fulfil the buyer’s requirement then only you should invest your time in approaching and convincing them otherwise not.

Tips- Understand the buyer’s need first and then related who you property resolves their problem. This helps you to sell your property fast.

These are the core reasons cause of which buyers don’t purchase the real estate property. For best property valuation services you can contact property valuation Melbourne.

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The perfect guide for Property research

Everyone wants to make a profitable deal and to earn money in the real estate property market. From finding the right property at the right location to know the returns on investment of the property (in which you had invested) or want to invest is all depends on how strong the property research you had done. The property research helps people to make the informed property decisions. To know the value of your home you should hire a home valuer.

These tips will help you to research well while putting your first step in the property world.

Financial research – The first thing you should do is financial research. It includes setting your budget, checking your funds, and knowing your limits of home loan. All you have to create a list of your assets, cash you have and check out your expenses. This helps you to know your affordability. Thus it becomes easy for you to create a financial balance and this will save from breaking the bank.

Type of Property – Once you have arranged your funds wisely then you have to think about the purpose which kind of property you want. Commercial or residential property or you are buying for your own use or investment purpose. Decide what type and for what purpose you need the property.

If you are buying for an investment purpose you should think like a buyer and its return on investment. If you are buying for your own use then you are free to choose the property which suits your pocket and fulfils your requirement.

Research the area well – If you are buying property for own use then research the locality in which you are planning to invest. It should suit your lifestyle and possesses the amenities you need. If you are planning to buy an investment property then you should consider the location with good returns on investment. Make a research about the vacancy rate, capital growth, house median prices. The surburbs or hotspots which are working well nowadays and research which is going to give you good ROI in future.

Now find the suitable property – Once your have completed your financial research, type of property, then your next task is to research about the property. You should check the property thoroughly before purchasing the property. Check the condition of the property, amenities available, make a research about property price. You can hire a home valuer for house valuation Melbourne. So you don’t have to pay much.

You can also take help of property broken in finding the suitable property of your choice. If you buying property for your own use then research it well. Select the few properties and then make a comparison. If you are buying an investment property then research the rental value of the property and then its future value. Check the capital grow rate of the property before buying it.

To hire the best home valuer for best home valuation services you contact us. We have a team of expert home valuers.

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Avoid these property research mistakes

Research in the property world is important to frame any decision. As the two major factors, money and time are associated with the property market. They are highly valuable. Your single mistake can ruin your all efforts and can put a dent in your profit margins. You should take advice from the qualified and certified residential property valuer to make the right decisions at the right time in order to make profits. Apart from this, you should make the research to know about the property market. But people often make some mistakes while doing the research which can affect their decision and leads to having a serious loss.

In this blog post, we are sharing some common mistakes and tips to avoid the mistakes while doing the property research.

Over-doing – Lucrative business of real estate often makes people greedy and they start over-doing the property research which is dangerous and many times puts them in the pit of loss. Over-doing research is as equal as not doing any research. Just to get more knowledge people often do deep research which sometimes blocks their mind and leads to confusion. This over-doing research meaning larger sets of data and over-analysis which misguides the people and thus end up with major losses. So people should avoid doing over research just to earn more money.

Relying blindly on a single source – Research needs data and relying on a single source of data and stats is a completely wrong way. Instead of guiding the right way it sometimes misguides the people. The property market is very unstable and changes frequently. Thus creating the cent-per cent accurate data is very tough for any source. It is better to take data from various sources and then make a comparison. study those data and then reach to any conclusion. Relying blindly on single source and statistics is a major mistake which people do.

Not-doing any research – It’s true – research is a daunting task. But it’s unfair to avoid it completely. Not doing any property research before taking the property decision is sheer stupidity. As knowledge is must in the property market and no other best way than research to learn and predict the property world. Don’t forget you are buying something which costs you huge money with the hope it will give you future benefits. But without research, you can’t make sagacious decisions in the property market.

Taking short ways – Always remember shortcuts won’t take you to the top of the success. Unless you do it correctly you won’t get any advantage of it. This is the major rule of research. Though it is a boring and tedious task you should not choose the shortcuts for this. Some people often take the decision based on property appearance which is incorrect. This can put you in major trouble. Property buying, selling and renting decisions involves a huge amount of money so it is advisable and imperative to take the decisions based on reality and true facts.

These the common mistakes we should not commit while doing the property research. For the best residential valuation services, you can contact us. We have a team of expert and qualified Melbourne property valuers.