VIEWS: 14 PAGES: 2 POSTED ON: 3/15/2010
More prosperity Selling Your Home S elling your home is one of the major events in your life. With some preparation work beforehand, you should be able to get a great price in the least amount of time. can still be very cost-effective, as is a listing in one of the property portals. are often a good way of showing the property to many and accreditations, • Local market knowledge and expertise, Your agent should have a system for • Suggested marketing tactics & sales methods, collecting contact details and following • Previous successes – ask to see testimonials up with the people who attend. & speak to a few of the people quoted, and • Fees and charges. Minor cosmetic improvements cost very You can decide to have one agent selling your little, but can make a big difference to the If you are using an agent to sell your home on an exclusive basis, or choose to use impression given to a potential purchaser. property, they will give you their opinion of the services of two or more at the same time. A fresh coat of paint, a tidy garden, a clean the value of your home. This will be partly By giving an agent an exclusive arrangement, and tidy home can all give the impression based on recent house sale prices in your Being exclusive means they are likely to devote of a well cared for property. area, which they should have access to. more resources to selling your home. This By also doing some research yourself, you more substantial renovations, this needs can be better informed. You can purchase Marketing careful thought. Unless the new asking price Listen to the advice of the agent, but don’t the internet. These give a good idea of necessarily agree to a hugely expensive doing the upgrade, it usually isn’t worth it. historical sales prices. marketing campaign – after all, it’s your A better approach may be to factor in the However, the best way of knowing the money. A good agent should be able to do renovation cost to the asking price. Also, true value of your house is to have an some “smart marketing” by using cost- just having a few renovation quotes on independent valuer give you a valuation. effective strategies that focus on the more hand will help potential purchasers to see They are skilled professionals who are likely buyers. Let’s look at a few examples. what’s involved. legally liable for their services and have no Your home may appeal to a certain, well- which can be communicated cost a few hundred dollars, it means that you to in a focussed manner. For example, does Ultimately, the successful sale of your home have a good benchmark to work with. the home offer something unusual (eg self comes down to presenting your home in the best light, using the skills and experience of Selecting An Agent closeness to a golf course or select schools). property professionals in partnership with Most sellers will engage the services of an your own abilities, and knowing what the Your agent should have a of agent to help them sell their house. So how market is likely to pay. potential purchasers who are in the market do you select a good one? for a property like yours. Once you’ve decided to sell, you’ll also You can start by asking family, friends or trusted start to seriously plan your next move. And A in the local advisers whom they would recommend. You part of this planning will be to organise a area can be very useful. Many properties can also determine who is an active agent in the suitable home loan for your next purchase. are bought by friends and families of people area by their signboards, local advertising, etc. who already live in an area. If your house It is never too early to start planning for this, You should meet with at least three agents, lacks “street appeal”, a so if you’d like to investigate your options which will enable you to compare their: showing the interior can help immensely. or simply talk it over, please get in touch. Why Choose Us? Well Simply, We: • save you the time and stress of Landlord Insurance Interest rates A recent survey reveals that less than 50% of self-managing landlords have adequate insurance cover for their properties. these property owners. or if the property has to be left vacant RP data in WA in June, less than half of the self-managing whilst repairs are carried out. • , including for a landlord insurance. damages claim against you by the Some of them believed that the rental bond tenant for an injury. • incurred in taking action – which is unfortunately not usually the case. against a tenant. Others felt that their standard home buildings Aren’t All Policies The Same? and contents policies were adequate – but these do not normally offer the full range of Like any type of insurance policy, the details required cover. payable, the excess amounts, waiting periods This means that one in two self-managing and the premiums vary between the providers. landlords could be at risk of experiencing a As Easy As 123 could be covered for if they had the correct “Not all policies provide policy in place. the right type of cover.” Contact: This lack of insurance is also a problem, though less so, for landlords who use For example some policies can pay up to six T: 1300 123 133 to look after their week’s rent if tenants abscond and up to 15 properties. Good Property Managers will weeks if tenants default on their payments F: 08 6210 1586 point out the advantages of such insurance and the landlord has to repossess. to their clients, and encourage them to seek www.123.com.au protection. Even so, a sizeable minority of Also, some insurance policies are marketed as “landlord policies”, but in fact don’t these landlords also lack appropriate cover. cover the full range of risks. Licence No. 1552 What Is Landlord Insurance? Common features of a landlord insurance reveals clauses excluding events such as policy include: malicious damage by a tenant and cover • Malicio to the for the loss of rental income – all essential property by the tenant or their guests. components that a landlord requires This includes holes in walls, smashed coverage for. doors, deliberately burnt carpets as well as unintentional damage. Conclusion Investing in property is about investing • by the tenant or their guests. This can happen when a tenant is in your future. As a landlord you will no moving away from a partly or fully doubt want to ensure that your investment furnished property. property is properly protected. • if the tenant That means getting a proper landlord insurance defaults on their payments or absconds, policy – it’s an investment worth considering.
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