Author: It sometimes happens that a property on the market has been the site of a murder or gruesome death and is now considered a ‘stigmatised home’. In these situations, what are the obligations of the agent in advising the potential buyers or tenants about the history of the property? What is a stigmatised home?…
Read More
Author: With property sales historically at their lowest levels during winter, it’s clear seasonal weather patterns influence the real estate market. The peak selling periods in real estate are generally late summer and early autumn from February to April and then the spring months of October to November. During these periods the number of homes…
Read MoreAuthor: Do you have an interest in the property market but struggle to understand all the language thrown around? Trying to make sense of all the data and analysis can be daunting. To help you better understand the property market, we’ve put together a guide to help demystify some of the more commonly used words…
Read MoreAuthor: A simple trap to fall into when buying a home is to relax too soon after the purchase has been accepted. Don’t take it for granted that the settlement period will be smooth sailing. Instead, use the period leading up to settlement to ensure the agreed conditions of sale are carried out precisely as…
Read MoreAuthor: When choosing your new home, the three key factors to consider are location, style and size. These three elements have significant impact upon your comfort and satisfaction levels, as well as the market value of your home. Location Location is imperative to the re-sale value of your home, so make sure you think ahead…
Read MoreAuthor: Multiple offers and the 48 hour clauseTwo of the more common questions Rodi agents get asked are; ‘what happens when there are multiple offers on a property?’ and ‘what is the 48 hour clause?’. Let’s look at these separately. Multiple offers When a seller finds themselves in the envious position of having more than…
Read MoreAuthor: If you find yourself looking to buy in a seller’s market, it’s important to be strategic in your purchasing approach. It’s understandable that you may be daunted by a market that sits in the seller’s favour, but if you’re organised, thorough and proactive, you could actually give yourself an advantage in a tight market….
Read MoreAuthor: Make sure you check the title of a property you are thinking of buying to avoid any last minute surprises from covenants and easements. Covenants and easements are reasonably common and in most cases will not affect the value or saleability of the property – however some will. What is a covenant? A covenant…
Read MoreAuthor: If you’re considering putting a ‘subject to sale’ offer on a property take the time to make yourself aware of the risks involved. Subject to sale offers commonly occur when you find a home you want to buy before selling your current home. While this isn’t an ideal circumstance, it is quite common. What…
Read MoreAuthor: Three common issues that can trip you up at the last moment are: Conditions Most people have conditions applying to a property sale contract, such as the requirement to obtain home loan approval by a certain date. If the responsible party hasn’t met the condition by the agreed time, then the contract will default…
Read More