Total Members: 158,729

BuyersAgent

  • BuyersAgent started the topic Head Vs Heart – The Psychology of Real Estate in the forum General Property 4 years, 8 months ago

    Howdy, had our most recent blog post picked up by API Mag – both links available HERE

    What do people think? How much of your last purchase was pure logic, and how much was feelings?

    I had a recent client comment on how “zen” I was during an auction bidding process… and I thought it was funny because he was a quant trader from an investment…[Read more]

  • BuyersAgent replied to the topic Looking for some advice on this scenario in the forum Help Needed! 4 years, 8 months ago

    What about negotiating with current lender for extension of IO or extension of loan repayment timeframe? Or negotiate with them for a P and I rate reduction, any of which could reduce the monthly out of pocket to a more acceptable level without major changes. Gives you time to ride the cycle and perhaps sell into a better market in the future. You…[Read more]

  • BuyersAgent replied to the topic JDL Strategies in the forum General Property 4 years, 8 months ago

    I went and heard the pitch last yr as a friend invited me. As far as companies that recommend new House and Land stock go there are worse ones out there. The physical quality of the house will still depend on who builds it. However, the trouble of valuations coming in under the purchase price and very low growth in the first 3 yrs is the main…[Read more]

  • BuyersAgent replied to the topic SMSF Purchase Property Outright in the forum Help Needed! 4 years, 8 months ago

    John did you end up buying anything?

  • BuyersAgent replied to the topic Where to buy? in the forum Help Needed! 4 years, 8 months ago

    Where are you looking to by @theheath?

  • BuyersAgent replied to the topic Property Investment in Albury..Is it worth it??? in the forum Help Needed! 4 years, 8 months ago

    Hi @kristop – rental yields vary a lot depending on the price you pay and the rent you achieve. In general you will get more rent for more bedrooms and nicer paint/carpet/cosmetic condition. Plenty of research for you to do before you jump in. Albury is a great town but not the only place to invest either. Are you planning on living in it?

  • BuyersAgent replied to the topic Investing in small county towns in Australia in the forum General Property 4 years, 8 months ago

    Just saw this old post. How did you go @jasondras80 did you buy something?

    Anyway… my observations are that there are huge differences between some country towns and others. You simply can’t generalise them as “good” or “bad”. It’s like asking if buying food from the supermarket will be healthy or not? It depends what you buy.

    In general…[Read more]

  • BuyersAgent replied to the topic Investing in small county towns in Australia in the forum General Property 4 years, 8 months ago

    Just saw this old post. How did you go @jasondras80 did you buy something?

    Anyway… my observations are that there are huge differences between some country towns and others. You simply can’t generalise them as “good” or “bad”. It’s like asking if buying food from the supermarket will be healthy or not? It depends what you buy.

    In general…[Read more]

  • BuyersAgent replied to the topic Buyers Agent query in the forum Help Needed! 4 years, 8 months ago

    Howdy,

    The short version is this:

    Stay away from spruikers – anyone marketing new off the plan units or House and Land packages that takes a fee froma builder, they are not true BA’s and they are not working for you.
    Stay away from anyone not licenced AS A BA.
    Stay away from anyone doing both selling and buying.
    Stay away from anyone without…[Read more]

  • BuyersAgent replied to the topic No Deposit investment product in the forum Help Needed! 4 years, 9 months ago

    I have no idea how the 100% product is linked to a BA service – I would have lots of questions about that (including whether both products were genuine and independent of each other) however I would think that a 90% no LMI product for SMSF purchases would be a game-changer and very popular. I have a lot of SMSF clients who have slowed down or…[Read more]

  • BuyersAgent replied to the topic Purchasing Land – body Corporate in the forum Help Needed! 4 years, 9 months ago

    In short – yes it is likely to be harder to sell at the end also if the BC still applies. The only change would be if the land is subdivided out of the BC area and ends up on its own title later.

    Also, check the BC rules and ensure you can actually build what you want before you commit.

    For resale estimates, you need to ascertain if there are…[Read more]

  • BuyersAgent replied to the topic Advice newbie ? in the forum Help Needed! 4 years, 10 months ago

    very true. the difference between buying the the right area/wrong area is night and day.

    keep going and do your research you will gain clarity eventually. In the meantime you might think about mapping your goals, and then choose things that are important to measure. The measurements will help you cut down the big locations list to a shorter…[Read more]

  • BuyersAgent replied to the topic Investing in a small rural town? in the forum Help Needed! 4 years, 10 months ago

    I know you say you grew up there which may help but there are concerns with investing in Wellington. The vacancy rate is 4.6% which is highly concerning and may mean you have long vacancies in between tenants (how do you feel about 2-3 months of paying the mortgage by yourself). Also the town has had a well publicised methamphetamine problem…[Read more]

  • BuyersAgent replied to the topic Kitchen reno – Bunnings or Ikea in the forum Value Adding 4 years, 10 months ago

    The last time I looked at IKEA kitchens the backing of the cabinets was a bit thin. Happy with them otherwise but I like to know the cabinets are solid. I choose Bunnings for that one but this was in coastal QLD area and my options were limited. Haven’t checked the cabinet strength of the Kaboodle ones.

  • BuyersAgent replied to the topic Advice newbie ? in the forum Help Needed! 4 years, 10 months ago

    How did you go so far @ajg71 Adam? Any progress on narrowing down your areas?

  • BuyersAgent replied to the topic 85% LVR SMSF in the forum Finance 4 years, 10 months ago

    Hi Richard,

    Can I ask how you offer loans for SMSF property without the bare trust? If you have private finance I can understand a higher LVR but I thought the bare trust was a legislated requirement because of the LBRA rules? Is that also sidestepped by private finance? If you prefer to respond via private message I understand as I am curious…[Read more]

  • BuyersAgent replied to the topic Fencing Dispute when developing property in the forum Help Needed! 4 years, 10 months ago

    ok – I agree getting all retaining walls and levels right prior to erecting the fence is a good idea and should help avoid doing it twice. All the best with the approach!

  • BuyersAgent‘s profile was updated 4 years, 10 months ago

  • BuyersAgent replied to the topic Buying Mortgagee and Deceased Estate Properties. in the forum Commercial Property 4 years, 10 months ago

    This is true, sometimes better deal is the private vendor in the final few months prior to handing the house over to the mortgagee (if they have equity but are otherwise in financial stress).

    Occasionally if unfinished, ugly or requiring work mortgagee properties can pass in at auction (as they didn’t quite hit the sworn valuation figure at…[Read more]

  • BuyersAgent replied to the topic Fencing Dispute when developing property in the forum Help Needed! 4 years, 10 months ago

    Excellent first post @beas and true life is too short to be mean.

    @markb10 so where does this leave you currently? Are you still fenceless?

  • Load More

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