Exclusive information on what your house / unit / townhouse/ land is worth

As Agents, we have exclusive access to sales infotmation on ALL properties sold in Queensland.  This is great, because it shows you the actual sale amount (not simply the list price), date sold as well as other information.  What an excellent way for you to compare your home and identify its true value over time – sort of like watching your shares in the stock market!   This information is unbias and factual, NOT just an agents opinion.

We currently provide these free reports, mailed out quarterly, to over 400 clients, who all find the information invaluable.  If you too would like to be included,  simply complete the form below or text your name, address and suburb of interest to 0412 409 498.

 

Sales figures for 2010

Something that we do often for our Quarterley Newsletter is share the Sales stats for the main suburbs we work with.

Its a great way to see trends at a glance.

Click here: Sales Figures

If there is a suburb anywhere in Queensland you would be interested in seeing drop us a line and we will gather the information for you.

Cheers

Shawn

New Pool Safety Laws Queensland 1 December 2010

New pool safety laws now apply to pools for houses, townhouses, units, hotels, motels, backpackers and caravan parks across Queensland.  Different rules apply if you are selling, buying or renting a premises with a pool attached.

From 1 December 2010 pool safety certificates are required when selling or renting a property with a pool.

This new law replaces all Local Government rulings and any prior exemptions are cancelled.  Pool owners have until 30 November 2015 to comply or earlier if they are selling their property.

If a pool safety certificate is in effect, the seller must give the buyer a copy of the certificate before settlement.  If a pool safety certificate is not in effect before settlement, the seller must give the purchaser a Form 36 with the settlement date on the form.

Penalties of up to $16 500 for individuals and $82 500 for corporations apply for noncompliance with the pool safety laws. On-the-spot fines of $1600 for individuals and $4800 for corporations can also apply. Enforcement action is taken by Local Governments and, in some cases, by the Department of Infrastructure and Planning.

REIQ has issued a new contract format to allow for these changes.

If you would like further information check out the Queensland Government’s Pool Safety site

http://www.dip.qld.gov.au/poolsafety or call Shawn on 0411 532 333 or Kym on 0412 409498

 

RBA surprises everyone and increases rates!

Odds for the Melbourne Cup were tough, but we know that  majority of Economists were backing that the Reserve Bank were not going to raise interest rates.  What a dampner on Melbourne Cup celebrations.

Sam White from Loan Market was very quick to respond with a sentiment that we are all feeling:

“Today’s decision underlines why a resource rent tax is necessary.

It is grossly unfair that the rest of the community is paying higher interest rates because the mining sector is strong.

I was surprised by today’s announcement. Many businesses and consumers are doing it tough. Live transaction data from October is showing activity in both the property and finance markets have cooled significantly, proving that the recent jawboning by the RBA is having its effect.

Penalising Australian families for mining booms whilst leaving the mining industry unaffected is plainly wrong. The two political parties claim to represent Australian families. If that is true, it’s time they started acting and stop procrastinating and causing unnecessary negative impact on the interest rate an Australian pays for their mortgage.”

Sam White Executive Chairman for more interest rate information www.loanmarket.com.au   

In the recent forecasts by BIS Shrapnel they are projecting substantial economic growth coming through by 2012/13 so we should not lose sight of the benefits of investing in property.

Cheers

Shawn

RBA surprises everyone and increases rates!

Odds for the Melbourne Cup were tough, but we know that majority of Economists were backing that the Reserve Bank were not going to raise interest rates.  What a dampner on Melbourne Cup celebrations.  

Sam White from Loan Market was very quick to respond with a sentiment that we are all feeling:

 ”Today’s decision underlines why a resource rent tax is necessary.

 It is grossly unfair that the rest of the community is paying higher interest rates because the mining sector is strong.

I was surprised by today’s announcement. Many businesses and consumers are doing it tough. Live transaction data from October is showing activity in both the property and finance markets have cooled significantly, proving that the recent jawboning by the RBA is having its effect.

Penalising Australian families for mining booms whilst leaving the mining industry unaffected is plainly wrong. The two political parties claim to represent Australian families. If that is true, it’s time they started acting and stop procrastinating and causing unnecessary negative impact on the interest rate an Australian pays for their mortgage.”

Sam White Executive Chairman for more interest rate information www.loanmarket.com.au   

In the recent forecasts by BIS Shrapnel they are projecting substantial economic growth coming through by 2012/13 so we should not lose sight of the benefits of investing in property.

Cheers

Shawn

How to prepare your home for sale!

Ok, so you have made the decision to put your house on the market.  You have decided on the agent to best represent your most precious asset. What now….

It’s now time to prep your home for sale.  It is not necessary to do this prior to the agent viewing your home as they generally can see “through” a lot of things, but it will help them see it in its best possible light.

  1. The biggest and best tip that I can give you is “Disassociation” (lets define that the state of being unconnected in memory or imagination).  You need to change the way you “look” at your home.  Make the decision to let it go.  It will be someone else’s castle soon, and you will have a new one.  You will take all you memories and heirlooms with you but the home will stay and your life will move forward.   Why have I made this my first point, well everything else will become easier after you make this mental adjustment.
  2. This step will be easier now, but it’s still a tough one.  De-clutter!  Over time, you will have accumulated a lot of different things, some loved, some useful, others not.  Some items that you truly love and have hundreds of all over your home may not be everyone’s cup of tea. For example my Mother-in-law loves angels, and they are lovely, but they are everywhere in her house.  I mean everywhere. You can’t even go to the bathroom without an angelic audience.  When she had her house on the market, we carefully pack up her treasured angels ready for the next house.  Think of this as an early start on packing.  Try and clear bench tops and arrange cupboards.  Yes, potential buyers will look in the cupboards to ascertain storage space, so keep that in mind.  My rule of thumb is “if I  haven’t used it in 12months do I really need it”?  You can also look at this process as a money making venture.  All those items you no longer need may have potential new homes. This is a great chance to have a garage sale, or sell some items on eBay etc.
  3. Make any minor repairs, or call in the experts if they are bigger issues.  Even things that you consider a small fix.  Light globes need replacing (you would be surprised to how many lights are switched on and off during an inspection).  Any walls need a fresh coat of paint.  Painting can totally freshen up a house that may be looking a little tired.  If you do choose to paint try not to let your inner Picasso come out at this point.  Save that for your new home.  Keep colours simple and neutral.
  4. CLEAN!   Clean like you have never cleaned before.  CLEAN EVERYTHING!  Windows cleaned – in and out, dust everything, remove spider webs from eaves, clean lights, clean fans, clean the filter in the air-con, clean your teenage son’s room (sorry had to add that because it’s a issue of contention in our house).  Keep it as clean as humanly possible throughout the selling process. Yes potential Buyers will appreciate you are still living in the house day to day, but presentation is so vital.
  5. Gardens. Trim back, weed, re-bark, mow, whipper snip – make Don Bourke proud!  Gardens are an ongoing concern throughout the selling process as well, as street appeal is a BIG consideration to Buyers.  People generally will not come through your home if they don’t like it from the street no matter how beautiful it is on the inside (humans are funny creatures).  Is there something you can change easily on the outside of your house that would help this street appeal?
  6. Consider getting a building and pest inspection prior to going on the market.  This will help you highlight issues that you may need to address. The last thing you want is to spend time and money on marketing your property, find that right buyer, negotiate the deal only for it to fail due to an issue which could have be rectified before the process commenced. The old adage a stitch in time saves nine, can certainly apply here.

 Now wander through your home with your “BUYERS” glasses on and change anything you think a buyer wouldn’t want to see.

 As a final note, remember that you and your agent are working together for the same outcome.  Don’t be shy to be involved in the process but also allow the agent to do their job and take into consideration what they say.  Don’t be afraid make course corrections throughout the sales process and adjustments to keep to goals on track.  Similarly a good agent should always work in consultation with their client.

 Best of luck

 Shawn Kristofer

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