FAQ
Buying Real Estate FAQs
Talk to the experts at LJ Hooker Home Loans, they can help assess your current earning and assets and develop a plan with you.
- Can you show me a recent property sales report to show what the house is worth?
- Why is the vendor selling?
- How long has the property been on the market?
- Are there any known issues with the property, land or neighbours’ properties?
- Exactly what is included in the sale?
- How long have the owners lived there?
- Is the property listed? If so, what grade is it? And is it in a conservation area?
- How much are council rates / strata fees?
- Own a home? Get an appraisal as this is a great way to find out how much equity you already have. Your local LJ Hooker agent can give you a free property appraisal to help you here.
- Contact Premieralty specialist to discuss your home buying plans and borrowing capacity
- Create a budget and save deposit
- Choose a home loan and apply for pre-approval
- Research property market and neighbourhoods
- Finalise property must-haves
- Start house hunt
- Lawyer / conveyancer to review contract
- Get a building inspection
- Make offer or bid at auction
- Sign contract and pay deposit
- Arrange insurance
- Process First Home Owner Grant
- Complete settlement and move in
Selling Real Estate FAQs
Real estate agents are qualified professionals that can help you sell your property. They are experts in the local and wider property market and provide informed property appraisals. They help guide sellers on the best method of sale and ensure properties are actively promoted and marketed to reach the maximum number of buyers. Real estate agents will assist in the negotiation of property sales and ensure this is done with the utmost confidentiality. Real estate agents work for the property seller and are focused on selling it for the most amount of money.
An agent's job at an open house inspection is to listen closely and observe attendees to gauge buyer interest and motivation.
By engaging in conversation, the agent can learn more about a potential buyer's specific circumstances and requirements. This helps the agent to discuss the aspects of the property relevant to the buyer.
At the same time, buyers may need to view the property without pressure and talk about it with someone they have brought along. A good agent will be aware of this and only engage in conversation at appropriate moments.
Getting a buyer to picture themselves living in the property - sometimes referred to as 'mentally moving in' - is one of the most effective ways to generate serious interest.
For this to be achieved, it is essential that they feel relaxed and unhurried. Buyers do not wish to intrude on the current owner's space, so your presence can sometimes act as a deterrent for them to stay longer and continue to consider the property carefully.
Decluttering involves removing personal items as much as possible prior to an open house, in order to help the buyer imagine themselves living in the property.
A first impression often lasts and excessive belongings can make a home seem smaller, darker and less airy than it really is.
Modern homes and decor tastes also tend to lean towards a more sparse presentation, while too much clutter can leave buyers with the sense that finding storage space might be problematic.
Once your home is placed on the market, the length of time it takes to sell depends on a number of circumstances.
The biggest factor is how much you want to make for the property, with auction generally proving to be the most effective way to sell it for the best price in the shortest possible timeframe.
An auction can secure you a quick sale because buyers are compelled to act on the day or risk losing the property to somebody else.
A Premieralty agent can tell you the approximate number of days properties similar to yours have spent on the market before selling.
The term 'overcapitalised' refers to a situation where you have spent more money on your property than you will recoup from the sale price.
While it is likely that any work you have done - such as landscaping or interior construction - will add value to the property, there is no guarantee that the full amount spent on these improvements will be seen in the eventual price of sale.
Trusted Real Estate Agency
Benefits of Enlisting
Enlisting the help of a trusted real estate agency can help you navigate the often-tricky world of residential real estate. With offices across most of Australia’s major cities, towns and suburbs, Premieralty’s real estate agent is perfectly-placed to provide you with advice and assistance relevant to your local real estate market.