house buying

Making an offer on a house – things you must know

by Chris Lang on August 11, 2012
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In any private sale making an offer on a property is one of the important steps. If you make an offer and it’s accepted – just keep your part of the deal and the house is yours.

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What everyone should know about buying a house at auction (part 2)

by Chris Lang on July 27, 2012
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During the auction

Here are the terms you must know to understand what’s going on during the auction.

Reserve price – the vendor has set a minimal price that he would be willing to sell for. The auctioneer doesn’t reveal this price so nobody knows what it is.

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Plan before buying a house

by Chris Lang on July 21, 2012
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When you are thinking about a budget for a house you’re going to buy, there are 2 main money questions to think about. The first question is “How much?” and the second is “When?”.

Basically what I am saying is not only the amount matters, but also the time frame – when you have to pay it. Why? Because you may not have the whole amount up front on the day you’re signing the contract, but

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Why termite inspection is a must

by Chris Lang on July 19, 2012
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Statistically speaking, termites are the third thing people fear the most after rising damp and cracking. To understand what the fuss is all about I did some research about them and found pretty interesting things.

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Appraisal and valuation: learn the huge difference

by Chris Lang on July 12, 2012
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If you look up appraisal and valuation in the dictionary, they will come up as synonyms, but there is a huge difference between those words when it comes to real estate.

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Stamp Duty iPhone app review

by Greg on May 25, 2012
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Victorian State Revenue Office (SRO) created a nice free iPhone app that helps you calculate the land transfer duty you will have to pay when buying property.

This app greatly simplifies for you the process of finding out exactly what grant, bonus or boot applies to your particular situation…

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Why buying a deceased estate may not be a good idea

by Chris Lang on May 11, 2012
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How many times have you seen a property listing saying “Deceased Estate” in bold letters, as if it was a gigantic advantage? It draws attention on the spot, that’s right – but does it really mean this property is a bargain? First, for people unfamiliar with the property jargon, let’s establish what a deceased estate […]

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Strata title and body corporate

by Chris Lang on March 20, 2012
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If you are planning to buy a unit or a flat in an apartment building, you need to know what a strata title is. Basically, a strata title makes it possible for you to own a part of the building (and before the strata title law was introduced that was impossible). Why do we need […]

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Expenses you must know about when buying a house

by Chris Lang on March 14, 2012
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When people are planning to buy a house, often the first question they think of is “Do we have enough money for a deposit?”. This is a good place to start, but the expenses involved in buying a house don’t just end there – in fact, there are many more costs people should know about […]

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Location, location, location!

by Chris Lang on March 2, 2012
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The most famous expression of realtors is “Location, location, location!”. This really is one of the most important things you consider when buying or renting a house. A conveniently located older house can cost much more than a new one in a different neighbourhood. To make it easier for us, the biggest real-estate internet websites […]

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Understanding real estate ads

by Chris Lang on February 28, 2012
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Not very long ago, reading property listings of houses advertised for sale / for rent to me felt like reading in a different language. Property ads, especially the ones in newspapers, have so many abbreviations – no wonder a person new to real estate (or new to Australia) needs a dictionary to understand them. Some […]

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