The Selling Negotiation Video shows you how to obtain the highest possible price for your property. Tips are given that cover both the auction method of sale and the private sale (set price method). The video also explains how to work with your selling agent so that the best outcome is achieved. Enjoy!
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✓ Is a planning or building permit required prior to starting the works?
✓ Give tradespeople a scope of works specification including preferred materials, otherwise shortcuts are likely
✓ Should a certificate of compliance be issued on completion?
✓ Do the tradespeople have insurance including public liability insurance? Sight the insurance policy
✓ Do not complete any works that can only be performed by licensed tradespeople
✓ Before beginning works check if any asbestos will be interfered with
Enjoy a better lifestyle and buy this checklist!
✓ Always seek independent accounting, financial and legal advice before buying
✓ What is the quantity of stock, how current is it and how will it be valued?
✓ What disclosure statements must the vendor provide to you and the franchisor if applicable?
✓ What restraints will there be on the seller?
✓ Does the proposed use comply with statutory requirements and your intent?
✓ Intellectual property; identify business names, copyrights, patents, trademarks, trade names, software and databases
Asking the right questions will lead to success!
✓ Can the property manager provide you with a written comparison on rental values in the market?
✓ Will the property manager be using a database to check the credentials of the tenant?
✓ Will the property manager be giving out the key without accompanying a prospective tenant to inspect the property?
✓ Is their sufficient smoke detector alarms and are they operating?
✓ If a pool or spa is on the property does it comply with regulations in regards to fencing?
✓ Insist on a pet clause and increased bond if tenant has pets; meet the pet
It pays to invest in sound advice!
✓ Look for a builder who offers a structural guarantee to protect your investment
✓ Use a contract that complies with the legislation of your jurisdiction e.g. one provided by a peak industry body
✓ Ensure you have an accurate building contract, plans and specifications. All important documents should form part of the contract
✓ Choose your own building surveyor (not the builders) to ensure independence
✓ Make sure the builder has confirmed the site is suitable for the proposed work and has obtained foundation data and a soil report
✓ Be careful of builders changing the specification to a lower quality material, fixture or fitting
Get the paperwork right & the rest will follow!
✓ Minimalist strategies both internally and externally; remove all clutter
✓ Real estate web portal advertising; how low will your listing fall during sales period?
✓ Once property has been listed for sale check input of real estate web portal advertising. Your property should appear on all logical searches
✓ The highest amount of buyer inspections occurs in the first few weeks of the marketing campaign. It is important that the property is not overpriced
✓ Auction method should only be used in a high demand location, buoyant markets, a property that has scarce and unique features
✓ Keep your valuables out of sight during buyer inspections
Add many thousands to your selling price!
✓ Become familiar with the relevant real estate advertising web portals and register so that you can receive email alerts
✓ Check with lender regarding minimum floor area requirements if buying an apartment
✓ Check what concessions apply in your situation e.g. stamp duty, first home owner grants, pensioner concession etc
✓ Always register your interest on a property via email to the selling agent. This will ensure it doesn’t sell without you being notified
✓ Do your figures taking into account legal costs, stamp duty, pest and building inspections, lender’s mortgage insurance and bank application fees etc
✓ See an accountant or financial planner to discuss which entity the property will be purchased in. e.g. personal name/s, trust, SMSF, company
Sound preparation will lead to a successful outcome!