Archive for May, 2011
After another “State of Origin” victory to Queensland this week, Plan Assist NSW Team have decided to take control and rush up to Queensland to work out the Maroon’s winning formula. If they have what it takes to keep WINNING in a footy game, then we must be able to apply the same formula to property investing.
We are calling all Teams and Players who are ready to “Play the Game” to come along to a TRAINING BREAKFAST where we will discuss tactics and how to create winning strategies in property.
Harry (HEAD COACH) and his TEAM are coming to get to know you better. He has some exciting news to SHARE! He will also get the opportunity to see if you are a PLAYER or SPECTATOR! We have opportunities for both!
So, ask yourself…
- How SERIOUS are you?
- ARE you a TEAM PLAYER?
- Have you got a TEAM?
- How MANY Transactions have you done?
- Are you requiring HELP?
Every team has their WINNING Games, and their LEARNING Games! Where are you on the POINTS Table?
Are you Coming FIRST on the Table, in the MIDDLE, or not even on the Tally Board??
Check our events in QLD and NSW here…
Tuesday’s Webinar on Feasibility Software was a huge hit. Harry took our ProfitsToShare Club Members through “How to Use Feasibility Software” and applied it to one of our own “real life” property transactions.
Click here for a sneak preview…
For those ProfitsToShare members who missed it, the good news is we will be posting up in the next week for you, and post answers to some of your questions. Thanks again for the huge turnout over the web, and for your valuable input.
If you want to gain access to the full hour webcast, join the ProfitsToShare Club and receive a whole stack of online resources, property opportunities, and access time with our team of property experts.
Look out next month for more Webinar dates and announcements…
Investors that are looking to snap up a property bargain should do their shopping in winter, Australian Property Monitors chief economist Andrew Wilson has claimed.
Speaking to The Adviser, Mr Wilson said investors with good equity would be well placed to avoid the Easter property rush and buy in winter.
“There is always a lot of action in the property market in the lead up to Easter. Similarly, there is always a lot of action in spring. Often buyers overlook winter which, provided you have the capital behind you, can be an excellent time to grab a bargain,” he said.
Mr Wilson also said the current market conditions favoured investors.
“The economy is very strong at the moment. And it is definitely a buyer’s market. There is plenty of stock in the mid-price range – which is ideally suited to investors.”
If you’re selling a property, it’s pretty easy to figure out if you want to use a real estate agent or not: Either you’re going to hire someone to show your property to prospective buyers, or you’re going to do it yourself.
If you’re buying, however, things aren’t so simple. That’s partly due to a change in the real estate industry in the past couple of decades, as more and more homebuyers use buyer’s agents.
What Is A Buyer’s Agent?
He or she is an agent who works for you – as opposed to when you walk into an open house, where the agent showing the property (often referred to the listing agent) works for the seller. Part of the idea is that buying is a negotiation, and since the seller has someone in her corner, you want someone in your corner, too.
You can go even further than hiring an Licenced Buyer’s Agent, and hire a dedicated buyer’s agent, who is an agent who doesn’t list any property for sale, ever. Those agents, the reasoning goes, get really good at helping buyers because they do it full-time. As Harry Charalambous from Plan Assist puts it, “they wont be pushing you to buy one of their listings.”
The Argument Against: Cut The Middle Man
The argument against buyers’ agents is that, if the seller’s agent can talk to you directly, the deal will go more smoothly because there’s one fewer cook in the kitchen, so to speak. Also, if you’re very close to the seller’s bottom line price, maybe you can get the listing agent to cut her commission a little, since she won’t have to share it with anyone.
The Argument For: All Parties Should Be Educated
I represent both buyers and sellers, and I’m pretty pro-buyer agency overall. I like educating buyers, especially first-timers, as part of my job, and in general, I think it’s helpful for every party in the deal to have their own expert. If you’re the do-it-yourself type, I don’t want to talk you out of really studying the market closely and learning it for yourself. But for those who don’t know the ins and outs of the market and want to make sure they’re doing everything correctly, I think that a buyer’s agent can be a great resource.
A Word Of Caution
Buying property is an important purchase, so if you’re trying to figure out pricing, hire a buyer’s agent, or study it closely yourself—but don’t pin all your hopes on your cousin Laura who spends most of her time doing law, not real estate.
(By Alison Rogers 18/5/11 www.learnvest.com)