Thinking of buying a home or investing in a property? There is always that chance you end up buying a bargain property.
Buying for a much lower price, however, often comes with surprises. There are basically three terms you will hear when it comes to low priced properties in Sydney and elsewhere in the country:
Let’s have a look at these in turn, and what to be aware of.
Moving into a new home is, without a doubt, one of the proudest and happiest moments in a person’s life. Moving in, however, is hardly the first day in the calendar of the home acquisition process. For this day to come, many things have to fall in place first. Buying a home can be a rewarding adventure but the process, in itself, is one which you have to be very diligent about. Each step of the way, there can be hidden traps waiting to give you a sucker punch.
A fraudulent title deed, a strange encroachment, a structural deficit, an overtaxing mortgage structure or a ‘bad’ property could be some of those traps you wanted to avoid. If you can take up the challenge step by step, there is a great chance you will reach the other end of the property purchase process successfully. Let us look into 11 steps of buying a house and also find out that one particular aspect which can become most burdensome for buyers.
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Damian Collins writes a piece about damaged fences in an article for the website Property Update.
The article takes us inside what we need to know about damaged fences as property investors. What happens if owners on both sides of the fence have disagreements? Who can be held responsible for the damage? What financial shape do emergency repairs take? What if your neighbour is the guilty party? Can you involve your tenant in repairs and when is it permissible to ask him to chip in monetarily ? These are question categorically answered by Collins in the article.
You can read the original article here.
In my years of plying the buyer’s agent’s trade, I have come across many wonderful people who bought an apparently wonderful fixer-upper only to be duped non-so-wonderfully. On the contrary, I have also seen some of the bargain deals turning into renovators’ delight.
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Remember how in Star Wars far-away characters used to interact with each other as projection holograms? How would you like to “beam” your own likeness into your would-be home? A company called Virtubuyr has made futurism a concept to play with, providing us for the first time, a glimpse of lifelike-hologram. What this may mean for home inspections?
Essential Traits Of A Great Neighbourhood
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