WHAT DOES A PROPERTY VALUER DO?
A valuer puts a monetary amount on a property whether it’s a residential, industrial or commercial valuation report. We will discuss the type of valuation you are looking for as this varies with the instructions that are given either by the owner, solicitor, conveyancer or accountant. Some reasons for having a valuation could be for stamp duty, family dispute, superannuation, trust funds, so the precise instructions need to be advised and also advising what time frame the valuation report is needed. Organise a suitable time to inspect the property which sometimes can be with tenants, agents or an advised party. …
PRICES DROP – STAMP DUTY DROPS
When you think of the Sydney property market going through its end of boom period with prices declining and investor activity looking to elsewhere other than real estate, you have to look into this closer and say is this market benefiting anyone? The now non-buying investor definitely has an impact, the return and affordability has to be weighed up by them, banks and non-banking institutions are abiding by the rules of the Royal Commission so that it supposedly protects the consumer when borrowing and asserts authority to make sure financiers are following the correct guidelines/procedures when lending. One small bit …
What The Agents Are Saying
Around the traps talking with real estate agents who are at the forefront of selling property the feedback is that the market is definitely slowing down. This can be seen by the decrease in numbers at open houses, where some of the figures have shown towards the end of 2017 early 2018 agents were having between 20 to 50 groups through the property, then come auction time having 5 or more interested parties registering to bid on the day and having a successful outcome. To present day maybe 10 to 20 groups through and come auction day 2 to 3 …
