[ksherwellMember@ksherwellJoin Date: 2007Post Count: 125]

June 28, 2011 - 3:36 am

Hi Christina

I'm a real estate agent as well as a financier and I come across this question each day.

The problem does have two sides
1. sell first – can't find the right property
2. buy first – have to sell your current home for a cheap price to ensure you can settle the purchased property.

Solution: its better to have the money in the bank, especially in a tough market when days on sale are exceeding 45days.  Sell the property 1st, get a long (90day+) settlement and ensure you have a unconditional contract before purchasing.

I would even extend to not looking at any properties until you are sold, you might get heart broken if you fall in love with  a property  and it gets sold.

Good Luck

[ksherwellMember@ksherwellJoin Date: 2007Post Count: 125]

June 28, 2011 - 12:12 am

Sounds interesting

[ksherwellMember@ksherwellJoin Date: 2007Post Count: 125]

June 28, 2011 - 12:05 am

Consider your budget, the area which you are purchasing (can you live there for 3  to 5 years). Is your job stable?

[ksherwellMember@ksherwellJoin Date: 2007Post Count: 125]

June 27, 2011 - 11:57 pm

A number of real estate agents offer free insurance via RACV until settlement.

Good idea to check this out

[ksherwellMember@ksherwellJoin Date: 2007Post Count: 125]

June 27, 2011 - 1:03 am

I have a few friends who live in the above towns and others which have invested. They are happy with their purchases

[ksherwellMember@ksherwellJoin Date: 2007Post Count: 125]

June 23, 2011 - 3:43 am

I have never heard of a refund for LMI.

[ksherwellMember@ksherwellJoin Date: 2007Post Count: 125]

June 21, 2011 - 1:08 am

Depends which state you are in, a number of the grants are converting to stamp duty concessions

check this out

http://www.osr.nsw.gov.au/lib/doc/factsheets/fs_fhb1.pdf

[ksherwellMember@ksherwellJoin Date: 2007Post Count: 125]

June 21, 2011 - 12:58 am

Better get in quick as the FHOB grants runs out on the 30th June, a number of real estate agents have free books as well.
But if you google RAMS buying a home, their book should come up.

[ksherwellMember@ksherwellJoin Date: 2007Post Count: 125]

June 16, 2011 - 6:57 am

Thats true, I can't see a vendor doing this without increasing the price

[ksherwellMember@ksherwellJoin Date: 2007Post Count: 125]

June 16, 2011 - 6:56 am

Thats sounds rich, my clients pay between $500 and $700 at the most

[ksherwellMember@ksherwellJoin Date: 2007Post Count: 125]

June 16, 2011 - 6:52 am

I was an estate agent, between 2005 and 2009. You are true, so many came to my opens and commented how agents just ignored them.
I made a point of it, to talk to them first and always shanking a woman hand (with the rare exception)

Most agent believe the man does the dealing

But I have also defend as a number of women just stand back and let the man do it.

So, I would think saying are agents sexist is a very generalised comment

[ksherwellMember@ksherwellJoin Date: 2007Post Count: 125]

June 16, 2011 - 6:48 am

I heard a similar thing, but havent investigated

[ksherwellMember@ksherwellJoin Date: 2007Post Count: 125]

June 16, 2011 - 6:47 am

Havent seen much movement in Gladstone

[ksherwellMember@ksherwellJoin Date: 2007Post Count: 125]

June 16, 2011 - 6:47 am

It really depends on your tax situation. Best to talk to your accountant.

[ksherwellMember@ksherwellJoin Date: 2007Post Count: 125]

June 16, 2011 - 6:44 am

I use a weekly work plan and stick to it as best as possible

Also I spend 10min before end of the day organising the next day

[ksherwellMember@ksherwellJoin Date: 2007Post Count: 125]

June 16, 2011 - 6:41 am

I have done this  many times between 2005 and 2009. Due to changes in the 5 star ratings for new homes (yes moving an old home is seen as a new home) the costs just dont make a good investment anyone

Plus you need to be weary of the movers and what they include. A number of them will move the house and place it on milk crates and the rest is up to you.

I would recommend not doing it, unless you find a trust worthy builder.

I went through 4 movers, all bad

[ksherwellMember@ksherwellJoin Date: 2007Post Count: 125]

June 16, 2011 - 6:38 am

The bank will have to get a new one – it costs around $2 to $5k.

Get your solicator involved

[ksherwellMember@ksherwellJoin Date: 2007Post Count: 125]

June 16, 2011 - 6:35 am

I agree with Catalyst

[ksherwellMember@ksherwellJoin Date: 2007Post Count: 125]

June 16, 2011 - 6:32 am

I have been myself. It is a bit rich.
$69k

Here are the numbers
Upfront
50% of commission goes to the customer
20% to the franchisor
30% to the franchisee

Trail
Franchisor takes .05%

With lenders cracking down on commission rates, you can't really make money on the upfront.

last year BRW posted the average earning of a Refund franchisee @ $47k

So it would take you 3 yrs to pay off.

I would recommed going to connective, if looking to be a broker.

FYI I'm not associated with any aggregator

[ksherwellMember@ksherwellJoin Date: 2007Post Count: 125]

June 9, 2011 - 4:00 am

Thats ok oneworld

Let us know what rate you are on and see if the forum can get you the best deal.