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Are Auctions Still Working?

With the ‘softening’ of the market we are often asked if auctions are still working. Or actually, people are often saying to us “auctions aren’t working now so we want to sell by negotiation, or with a price.” This is absolutely not true. In our current market, an auction is still THE BEST WAY to sell your property. There are several reasons for this, but let’s start with the facts: In Raywhite, over 70% of properties taken to auction sell,…

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Should we have a Property Inspection?

Q: Our agent has suggested that we get a building inspection before we list our home for sale. It seems like a waste of money to me – if a buyer wants one then can’t they just get it themselves? What’s your advice? James L. A: Personally, we think it is a sensible idea. It costs money but it could save you plenty, in fact it can be the difference between selling and not selling – especially at auction. Why? We recommend that all buyers, wha…

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This week we have the second part of our answers for Jerry- wondering whether to buy a unit or an apartment!

One of the perceived downsides of owning an apartment is the body corporate fee. These range in price depending on the apartment: If your block has a swimming pool, tennis court and elevator(s) then, of course, the body corporate fees are going to be higher – but you get to use the amenities at a fraction of the cost of owning it by yourself. The value of the apartment also affects the BC fee – the more expensive the apartment the more you ar…

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Best First Home Buy?

Q: We are first home buyers and are wondering what your advice would be re buying an apartment versus a small home or home unit? Our concern is really around which will be the best investment for us when we (hopefully) move up to a family home in another 5 or so years. Jerry D.   A: We are often asked about this, and it’s quite a complex subject, so we will be answering this in two parts - Part Two next week. In the past, we have always s…

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