Climbing the property ladder is an ambition that you usually harbour during the good times when property prices are buoyant, your income is safe and everyone seems to be an eternal optimist. That’s not necessarily the best time to strike out and buy. Real property gains are made in the hard times when the economy…
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With open houses starting again, buyers no longer have to rely on a specially arranged private inspection or video walk-throughs. But there are still smart ways to approach the challenge of buying property. Ask your real estate agent for the floorplan of the property you’re interested in. If you study it carefully, you will get…
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Should I let my tenant reduce their rent? Not without reason. Tenants need to prove hardship directly due to the COVID-19 crisis. A letter from their employer is a start. The government-declared moratorium on evictions is not a rental holiday. Ask your property manager for advice. We’re still waiting for the government’s rent relief package,…
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Safety is of paramount importance when inspecting a property in these times of COVID-19. With the moratorium on open house inspections now over, real estate agents are still restricted in the number of people they can show a home to at any one time. As a first step, agents and property managers must confirm that…
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A transition to digital platforms has become a hallmark of property sales during the COVID-19 crisis. Buyers and sellers are quickly embracing solutions such as virtual tours of homes and video tours to assess homes in the first instance while it is also possible to attend auctions online that you watch and bid from your…
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The Federal Government has launched various initiatives to help society get through the COVID-19 crisis, but its request to landlords for leniency is not an invitation for tenants to refuse to pay their rents without reason. Each state has different laws relating to renting property and tenant rights. Below, are six common questions relating to…
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Property investors are among the many groups facing a tough future due to the economic impact of the coronavirus. While political and community focus has been on the plight tenants, property investors face the reality that they must service the bank loans secured to provide the rental accommodation. Moratorium on evictions The Federal Government mandated…
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The property market, like other sectors of our economy, has felt the impact of COVID-19, but it is far from down and out. Prices held well throughout the shutdown considering the uncertainty that our society confronts. A poll by industry researcher CoreLogic suggests agents have been experiencing falls in buying and selling inquiries of around…
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Here are six of the most common questions that property buyers and investors are asking as each of the states begins to ease their lockdown rules. Is it a good time to purchase an investment property? The numbers have to stack up for an investment to work. You might think property will get cheap, but…
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Online auctions may seem a scary departure from the traditional experience of watching your property being sold on the front lawn in front of a large crowd. But like many facets of our lives in a COVID-19 world, this change could be here to stay. Why? Because it’s so simple. Internet auctions have become common…
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