house asking price

Houses advertised without asking prices are an instant turn-off

by Chris Lang on April 10, 2012
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Have you spotted this trend lately? A new listing comes up on realestate.com.au, with pictures and everything, a nice description, just one thing is missing – the asking price. “Perhaps the real estate agent forgot to update this small – but important – detail”, you’re saying to yourself. Or do you attribute this to the […]

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Making an offer? Play it right.

by Chris Lang on December 29, 2008
Making an offer? Play it right.

One typical mistake of the first home buyers is to show too much interest in the property. Let me explain: when you’re inspecting the property, the real estate agent is inspecting you, looking at the way this house makes you feel, are you in love with it yet, are you imagining your family living there happily ever after. If he sees any signs of such weakness, your position in negotiating the price of the property will be worse, before you’ve even opened you mouth and said anything.

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How to buy a house – Part 4

by Chris Lang on October 7, 2008
How to buy a house - Part 4

So once you’ve searched the property listings and chosen houses that look suitable to you, it’s time for action – start calling the estate agents to find out the details about those houses, go and inspect them. Don’t worry about having too many on your list – some will get filtered away by inspection, some might be under contract, some vendors won’t like your offer. It’s important to not “lock on” just one house because once you get emotional – you will be in a weaker negotiating position.

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How to buy a house – Part 2

by Chris Lang on September 26, 2008
How to buy a house - Part 2

In the part one of “How to buy a house” series I covered the first three stages of the process: sniffing around, how to determine your budget and where would you like to live. So coming to the stage four you would have a list of candidate suburbs, one of which should ideally become your home.

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4 signs of changing real estate market

by Chris Lang on June 5, 2008
4 signs of changing real estate market

When you are looking for a house to buy, watching the real estate market helps to understand who has more power at the moment, buyers or sellers. But how can you really watch the market? It is simple – watch the ads in one of the popular real-estate websites, such as …

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What is the real property value?

by Chris Lang on October 10, 2007
What is the real property value?

Every 2 – 3 years every council evaluates all the properties in its area. There are 3 ways of valuating a property: using Site Value, Capital Improved Value or Net Annual Value. Site Value means just land value; Capital Improved Value means value of both the house and the land. Net Annual Value is a […]

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Buying a house: Auction Vs. Private sale – Part 3

by Chris Lang on June 24, 2007
Buying a house: Auction Vs. Private sale - Part 3

There is also a relatively new thing, called “For sale by private bid”. It means that the house is advertised with asking price, to give buyers …

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Buying a house: Auction Vs. Private sale – Part 2

by Chris Lang on June 6, 2007
Buying a house: Auction Vs. Private sale - Part 2

A private sale is also called “Private Treaty”. A house is advertised in newspapers by estate agents, whoever is interested comes to the agency and makes his offer, the seller …

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