With Spring fast approaching many people in the Geelong and Torquay real estate markets will be considering listing their home for sale. If you are thinking about this, you should give some thought to how you can add a bit of a “wow!” factor to your home simply and without major expense. A few well chosen pieces of art may just do the trick.
In this article, Mandy Molloy-Lee talks about the do and don’ts of choosing art when selling your home. Continue reading →
A lot of people understand how to buy a house. You go and look at houses, and you look for something you like, and you buy it, but what about if you decide you’d like to build a new home? When you’re building a house, how do you know what you’re getting, what’s the process? Why would you build over buying an already established house?
A lot of investors do think that established property is the only way to go, but there is the opportunity through new homes and house and land packages, and there are some definite advantages of buying a new home or a house and land package over buying established.
The obvious one is stamp duty. On a typical house and land package of around $350,000 or $300,000, you might be saving around about $7,000–$8,000 in stamp duty. When you are building a new house you are only paying stamp duty on the land. The house hasn’t been built when you purchase it, so you’re actually not paying any stamp duty for it.
There’s a good saving there.
First home buyers, for example, will get the first home buyer grant, but as an investor, you also have the opportunity to get fantastic depreciation schedules on new homes, and if you talk to your accountant about that, I’m sure they’ll be able to tell you about how that can offset the savings against your tax, so there’s that advantage as well.
Often we find with house and land packages, that we can build those or put those together for around about 10 to 15 percent less than what it might cost to buy a comparable established property in that area, so you’re taking on a buying property that immediately has 10 to 15 percent equity in it. So that’s another advantage of it. Of course, having a brand new home can also be an advantage over established, because you’re going to have less maintenance costs, so it’s going to cost you less to hold that property. So there are definitely a number of great advantages to buying house and land packages when you’re looking at investment.
Here at Aspiron we have a number of house and land packages available and, our motto is connecting people with properties, so our goal is to help as many people as possible achieve their dreams through property, whether it be established homes or house and land packages, we have access to those and can put together the best outcome for an investor looking to get into the property market.
Give us a call, pop onto our Facebook page or our website, all of details are there. Give us a call and we’re happy to get together, no obligation, chat over a coffee or a cup of tea.
Winter is upon us now and traditionally in the Geelong and Torquay real estate industry can be considered a time to consolidate after a busy Autumn and prepare for a busy Spring.
There is a common misconception among people thinking about selling their homes that they should wait until Spring. Why? Well, generally people want their gardens to look pretty and think that buyers don’t want to come into the miserable Geelong weather in Winter. Many real estate agents are probably happy to kick off their shoes for a couple of months and have a bit of a break to re-energise for Spring.
Well, guess what? People need to buy real estate in Winter as well!
There a couple of very important reasons why Winter is a great time to sell your home in Geelong, Torquay, or anywhere.
There is far less competition in the marketplace. If do choose to wait until Spring to sell your home then you will be hitting the market just as the flood of properties hit. The market shifts and buyers have far more to choose from. This means that the market momentum shifts in to the buyers favour and you may need to be more flexible in the price you accept. The performance of the real estate market in Geelong, as it is anywhere, is heavily influenced by the balance of supply and demand: As the supply increases, if the demand does not increase in harmony then the market stalls and buyers gain the upper hand.
In Winter however there is no such flood of properties. As the majority hold off, those looking for an opportunity to sell is a less crowded marketplace can capitalise. It doesn’t matter what time of year it is, there are always people needing to buying real estate in Geelong and Torquay.
When it comes to people asking me when the best time to market and sell their home, I often find myself using the phrase “there’s no time like the present”. This is especially true of unique properties but can apply to any property. Because you just never know when the ideal buyer for your home is in the market. Wait until Spring and they may have already purchased a home from someone who didn’t. Real Estate is an unpredictable caper and the success of a sale often relies on being in the right place at the right time. While a quality real estate agent will make sure your home is seen in the right place, it is almost impossible to know with certainty when it i the right time to capture that special buyer.As I said, this is especially relevant to unique homes as often we are looking for that unique buyer. These types of buyers don’t necessarily wait until Winter is over, so why would you?
This year will be an unpredictable Spring with a Federal Election looming and of course, nothing happens until after the AFL grand final weekend anyway. So if you are ready to sell your home, why wait? Winter can be just as an effective time to sell in Torquay and Geelong as any other.
If you would like to discuss this article contact the Aspiron Real Estate team.
Very pleased to have sold 17 Grange Crescent Torquay. After some initial hiccups with two other offers, we found a buyer and ended up negotiating a higher price than the original accepted offer anyway! A happy vendor with a bit extra cash in his pocket to put into this next home and help him to enjoy the next stage of his life.