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Have you noticed that it's much more common in other states to sell a house by auction? The property programs on television often use the drama of the auction setting to tantalise viewers, it's good TV. In Western Australia, we still have auctions, but far less frequently. The most popular form of selling here is by Private Treaty. So what's behind this - why is WA different?
In most other states of Australia, a Private Treaty sale by law has to include a cooling off period - a number of days where the buyer can withdraw from the sale with little or no penalty. However, if a property is sold by Auction, there is no cooling off period. So sellers and agents can see a clear advantage to the Auction pathway.
But the difference in Western Australia is this: there is NO COOLING OFF PERIOD for a Private Treaty Sale. The same applies to Auctions, no cooling off period. So, here in WA, there is no driving force to go to auct...
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When you put your investment property in the hands of our Property Managers, we will provide your tenants with a Cleaning Guide. The Guide is a publication to help tenants in keeping the rental home clean using environmentally friendly and safe cleaning materials. The benefit to tenants is that it helps to preserve their Bond by avoiding mistakes using the wrong cleaning product. For owners, it helps to protect your investment.
Stains happen on carpets, hardwood floors or benchtops. Sometimes, with all good intentions - a tenant might use the wrong product for the wrong surface and make the problem worse. That's what we are trying to avoid.
The Guide is another example of how we go the extra mile to value-add for our Owners. For a limited time, this is being provided complimentary to our owners and tenants.
So if you have an investment property you would like managed, consider putting it in the hands of...
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Disclaimer: House Proud Realty does not dispense financial advice. The following article is commentary which is general in nature and is not intended to be financial advice and is not specific to your own financial circumstances. See a professional financial adviser if you require financial advice.
Making a strong case in your loan applications has never been more important. To make a strong case in your loan application, there are a few thi...
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I am delighted to announce that House Proud Realty is now fully operational for both Commercial and Residential property management. Our staff numbers are growing and we have one of the most experienced property managers in Perth heading up our Property Management functions. Meet Les Biggerstaff. Les brings with him a portfolio of loyal clients covering both commercial and residential properties. If you are thinking of switching your property management, or fed up with self-managing your rentals - you need to be talking to us. You know we'll look after you. Gary Angel, Director and Licensee.
In the past, I haven't routinely suggested to sellers that they should pay for home staging. It's quite an expense, around $3000 or more. And as I have always had the mindset of keeping expenses to a minimum for my clients, it was just something that I felt was possibly an expense that I didn't need to burden my sellers with.
I've now changed my mind.
I have been marketing a 3 bedroom 2 bathroom home in Morley. The home is in very nice condition with a lot of appeal. But it was presented to the market completely empty, no furniture.
As the sales campaign proceeded I became increasingly concerned that the photos did not do justice to the property. Photos of empty rooms did nothing to excite people. It’s a lovely property but people were not inclined to come and see it. Over the first 5 weeks, I showed it to just a handful of buyers. I could tell that my seller was frustrated with the underwhe...
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Real estate will be more desirable to buyers if care is taken with presentation and maintenance has been attended to prior to coming onto the market.
The alternative is to sell a property "AS IS", which means the buyer buys the home with all faults and as inspected. So for a home with lots of maintenance to be done, or poorly presented - the outcome for the seller might not be good. Such properties will sell, no problem there. But they will be sold to bargain-hunters, renovators, flippers or investors who will discount the selling price to account for the shortcomings of the property. Real estate is a price-driven industry. Every property will sell if the price is right. But as a seller, you will want to maximise your sale outcome and that might mean that you need to spend money to address maintenance and presentation issues. Avoid selling to the bargain-hunters and flippers if you can.
But, what if you just don't have the money...
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House Proud Realty can sell your property even if the tenant is still there on a fixed term lease or a periodic lease. You don't need to wait till the tenant moves out to sell your property. It is your right as the property owner to sell your property if you need to. We have made many sales of investment properties in this circumstance.
Whilst there are some legal rights that need to be adhered to, the best results come from treating the tenant respectfully and acknowledging that this is their home and they are entitled to privacy and enjoyment of the property, without undue disturbance, during the term of the lease.
Section 46 The Residential Tenancy Act (1987) allows for the lessor, or his agent, to access the proper...
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