Sometimes, we cannot see our own mistakes. Whether it is investing, or working, we all need a mentor to provide feedback and show us the fast track to success.

It’s the same game when investing in property. Find a great personal mentor that has vast experience in investment or development game and a genuine desire to see you succeed. Once you have found such a person be willing to accept their feedback because sometimes it is a mentor’s job to tell you what you don’t want to hear. The more knowledge of the investment process you can acquire, the better you manage your investments and have them work for you.

Plan Assist offer a range of property coaching and mentoring packages to enhance your investments and enrich your balanced lives. Call our team on 02 9449 2333 to find out how you can improve as a property investor.

If a home is overpriced, buyers will stay away. But, if the price is competitive with similar homes in the area and ‘shows’ better than the competition, it will have a better chance of being sold quickly.

The secret to pricing a property correctly is perfecting the technique of comparative shopping.

Although comparing houses with different styles, square-meteridge and locations is challenging, it’s still one of the best methods to use when determining a home’s market value.

A home’s worth is most effectively evaluated through a process known as Comparative Marketing Analysis. Taking a look at assets, such as a swimming pool, bigger than normal living spaces, a fantastic view, adjacent city parks and other attractions, your home can then be compared with similar properties that have sold in the area within the last six months.

Typically, the agent is able to recommend a realistic price range that will ensure you top dollar and a reasonably good response.

It is suggested that factors such as the amount of time needed to sell your home can alter the agent’s price recommendation dramatically. If you’re under time constraints because of unexpected job changes or moving agreements you’ve made on another property, this will narrow your chances of selling the home for top dollar in the market.

Assuming you have sufficient time to market the home, here are a few small steps you and your agent can take to finding the right price for your property.

The best comparisons can be made with similar homes that have been sold within the last 45 days. Any longer and other factors, such as the economy, could cloud your view of how much your home is really worth.

Another good benchmark is to review the selling prices of homes that have just been sold and are pending closes. This is information that most real estate agents should be able to share with you.

Being open and honest about what you see as the home’s greatest strengths and biggest weaknesses will also help an agent get a better feel for how to best evaluate (or assess) and market your home.

Think of your home as if you were the buyer. If your home is listed at the right price, you’re well on your way to a speedy and fruitful sale.

NSW Investors Rejoice!
From 1st July to 31st December 2009, if you buy a newly built investment property (or contract to buy it), you will receive a 50% Stamp Duty concession if the purchase price of the property is less than $600,000.

If you are considering buying off-the-plan in NSW in the next 5 months, check out the benefits by visiting this website for more information: http://www.homebuyer.nsw.gov.au/investment_property.html

If you don’t have the time or patience to research this yourself, call Plan Assist on 02 9449 2333 to discuss your next investment purchase. You could save yourself around $11,000.

We find so many property investors looking at property, yet stalling when it comes to making the purchasing decision. They lack certainty & confidence when buying, particularly when dealing with agents. Let’ s face it, if you have not set a price in your mind, the real estate agent is very good at setting one for you.

So how do you boost yourself with the power and certainty to make an offer on a property?

Knowledge is power, and that knowledge takes research.

Imagine knowing exactly how much a property is worth before you negotiate with an agent. Imagine making an offer with a clear thought of what the property is worth and clear tactics on how to bid. That knowledge is power, helping you make financial decisions with certainty and commitment.

If you feel you don’t have the time or patience to research the property market, Plan Assist offer research assistance packages to lay the foundations for your wealth.
Call our team on 02 9449 2333 to find out how you can improve your financial decisions.