Buyer Beware – What You Need to Know About Garage Conversions
Buyer Beware – What You Need to Know About Garage Conversions By Janet Spencer Converting a garage into a room can be a great way of adding value to your property and getting extra space for an additional bedroom, living space or study or playroom. But, before you rush into it here are a few […]
Property finance crunch
There is a property finance crunch happening right now in 2018. We are hearing that loans are hard to come by after the Royal Commission into banking has forced change on lenders. The amount you can borrow is being impacted. Also, whether you can borrow may have changed. If you could have borrowed $1 million […]
Investing in property – capital growth or high yield?
Property investors need to ask “What’s more important when investing in property, capital growth or high yield?” Goal 1 – to create wealth – you need Capital Growth As an investor, personally I favor capital growth oriented assets. I want my investments to go up over time. My expectation is that an investment property should […]
Solar power in investment properties
Solar power in investment properties can add value and be a good investment. Tenants pay the utility bills and anything that will lower their cost of living is good. Tenants may be willing to pay above market rent for properties with solar technology. Also, have solar power might mean your investment property leases more quickly […]
Construction coming next door?
When buying a property you should find out whether there is construction coming next door or in the immediate area. This could impact you if you are moving in. It could also impact tenants if you are an investor. Often whilst projects are underway, the area is disrupted. Traffic in the area can be increased […]
Who uses negative gearing?
Who uses negative gearing? Well at Buyer Solutions we know that its not just the wealthy who negative gear when buying investment properties. I recently read that amongst the top people who use negative gearing are: Teachers Engineers Nurses and Midwives Retail workers Office/Practice Managers and General clerks Of course, as you would expect CEO’s […]
Should you let a selling agent bid for you at auction?
Auction advice for property buyers from Buyer Solutions Last Saturday Buyer Solutions was bidding at an auction for our investor client in Melbourne’s eastern suburb of Forest Hill. The auctioneer took centre stage and three of his colleagues placed themselves amongst the bidders to assist buyers in attendance. From the buyers perspective is this a […]
Buyer Solutions successful buying in St Albans
Buyer Solutions has proudly bought recently in the “super hot” St Albans market. Not only did we buy, we bought well And here’s why……………… Our property was a brick home with three bedrooms, two bathrooms, two living areas on approximately 650 square metres of land by private sale. The offer on this property went […]
Buyer Solutions pulls out of investment property purchase. Why?
To save our client money and to ensure they buy a better property. What happened? We inspected the property Wednesday. The selling agent assured us there were multiple other buyers and he was selling the property on Thursday. They would not allow a building inspection before offers were remitted which was an immediate red flag. It’s […]
Our client had the budget, so why did we stop bidding?
One of the biggest concerns potential clients have when considering hiring a buyer’s agent is whether they will overpay. Many buyer’s agents charge a percentage of the final purchase price. The higher that price the more the Buyer’s Agent gets paid. And here lies the main difference between a greedy buyer’s agent and an honest […]