Property hunters sometimes get trapped in deals they could have fetched cheaper. To ensure a balancing act, the market presents a property bargain every once in a while. Here is taking a look at the best tips to hunt for such bargains.
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The Full Roadmap To Your First Apartment
The process of buying your first home may involve an amount you have never spent in your life; a kind of cost which makes diligence doubly necessary.
Ideally, you should be observant about every little detail. Let me take you through the different areas which may turn into pitfalls on a later day if left un-negotiated.
Property Investors Wake Up To “High-speed Broadband” Knocks
A recently conducted survey in Brisbane highlighted a trend surfacing all across Australia; tenants give top priority to high-speed internet connections. The initiative of the National Broadband Association (NBN) resonates with exactly the same consumer sentiment. After all, the NBN has come up with a plan which aims to roll out fibre optic cables to 93% of Australian premises by the year 2021.
An estimated amount of A$37.4 billion assigned for the task implies that the government means business. So how does it affect property investors?
Mortgage Rates Lying Safe At Their Historical Average
The ever-sustainable debate continues- Are the ‘bears’ right in being circumspect or the ‘bulls’ correct in being adventurous? Both stick to their principles, the fiscal atmosphere of their times notwithstanding. For instance, both the bulls and bears have remained devout followers of their ideologies despite low mortgage interest rates. The former assume that now is the time to go hook, line and sinker and the latter believe that it is good to play safe as the market may whip up a mortgage crisis anytime.
Is “Buy and Hold” Real Estate Strategy Fail-safe?
What do you think the “buy and hold” real estate strategy could be? Well! To define, it is nothing but a method that asks you to ‘Buy’ a property below the fair market value and then ‘Hold’ it till the properties in the area appreciate- all this for making a decent profit on your investment.
Top 8 questions to ask tenants
There is a dialogue in Jack Finney’s “Time and Again” where the landlord asks a tenant for references and he replies “It’s true that I’m an escaped convict, an active counterfeiter, and occasional murderer. And I howl during the full of the moon. But I’m neat.”
Well! I don’t say for a moment that things could get as bad, but it’s always prudent to rent out your property after thoroughly checking with the prospective tenants. Conducting Due Diligence is part of your homework but equally important is to ask a few probing questions.
