Owner: Home I Own - Australian newcomers blog on real estate URL:http://www.homeiown.com Join Date: Sun, 10 Jun 2007 21:30:08 -0500 Rating:0 Site Description: In HomeIown.com Australian newcomer Chris Lang shares all she learned about real estate in Australia. HomeIown.com was created to help new to real estate people understand how it works and to make renting or buying a house easier.
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Solicitors and conveyancers – what’s the difference 2008-01-25 20:45:41 I used to think those two terms (solicitor and conveyancer) mean the same, but they really are quite different. The difference
is in what those lawyers can and can not do and even in what they charge you for their services.
Mortgage broker – a great help when shopping for a loan 2008-01-18 18:12:46 When I saw how many lenders and mortgages are available these days, to be honest I freaked out. How on Earth do I start to compare hundreds of different mortgages, each with its own interest rate, length, fees, conditions, etc? Sometimes it just feels like too much... Read more:Mortgage
Build your own house fast 2008-01-09 21:56:34 I have found another option that falls somewhere in-between building your own house and choosing a pre-fabricated one. On the one hand you can design the house any way you like, and on the other hand you can still build it quickly as if it was pre-made and only had to be assembled. As the matter of fact it looks a lot like LEGO. Read more:Build
What’s cheaper than building your own house 2007-12-26 06:21:25 If you are on a tightest budget and even building your own house is too much for your pocket, there is another way. You can buy a block of land and relocate someone else’s house – how’s that for an idea?
Buying a house? Choose the right suburb! 2008-03-15 08:17:52 Investors or homebuyers, we all would love to see our property going up in price. So why leave that up to chance, if we can have a say in this? Choosing the right suburb can make all the difference, if done wisely. Read more:Buying
Costs of demolishing a house 2008-03-23 04:20:20 Before I started looking into demolishing a house, I didn’t realize all the costs that were involved. The only information I could find online was this article in realestate.com.au that explains in general about house demolition. Read more:Costs
Renovation costs 2008-04-04 22:20:33 Everyone knows that the housing prices are sky-high and that it takes about 8 months in average for a prospective home-buyer to become a home-owner. So it is really tempting, when you finally see a property you can afford, to just say "ok, so it needs a little work, I can fix this and that and finally I will have a home to live in". Read more:Renovation
Why termite inspection is a must 2008-04-12 04:57:42 Statistically speaking, termites are the third thing people fear the most after rising damp and cracking. To understand what the fuss is all about I did some research about them and found pretty interesting things.
The truth about council property valuations 2008-04-24 07:52:36 Apparently anyone who thinks that the local council valuates every single property
in their area is wrong. I knew that council’s valuations are made once every two years (and therefore the numbers are won’t stay accurate for much longer) but had no idea that they take this other "shortcut".
Buying a house sight unseen 2008-05-10 08:51:05 Some people claim that the right way to buy an investment property is without actually visiting and seeing it. Let me explain: they are afraid that seeing a house with your own eyes might influence your decision. When you do the research and learn everything you can about a house, that information is objective and the decision based on it would be logical. Once you have seen the house, your emotions can interfere with the logic. Read more:Buying
Plan before buying a house 2008-05-13 23:23:49 When you are thinking about a budget for a house you’re going to buy, there are 2 main questions to think about. The first question is “how much” and the second is “when”.
What is the real asking price for a house 2008-05-17 23:23:53 Most vendors (sellers) hire agents to sell their homes and everyone knows that advertising costs a lot. What not many people know is, that vendors transfer that cost to the buyers. Read more:asking
, price
Why real estate agents push you to make an offer 2008-05-21 05:39:17 Read estate agents will always try to get an offer out of you. Did you notice that on any inspection the thing they are obsessed with getting your name and number? The reason they do it is to be able to ring you and say: "Hi Drew, its Mike from the real estate agency, did you like that house? Are you ready to buy it? Do you want to make an offer on it?".
Making an offer on a house - things you must know 2008-05-26 07:44:39 In any private sale making an offer on a property is one of the important steps. If you make an offer and it's accepted - just keep your part of the deal and the house is yours. Read more:things
4 signs of changing real estate market 2008-06-04 08:23:12 When you are looking for a house to buy, watching the real estate market helps to understand who has more power at the moment, buyers or sellers. But how can you really watch the market? It is simple – watch the ads in one of the popular real-estate websites, such as ... Read more:signs
5 Ways to deal with the stress of buying a house 2008-06-06 07:36:00 Face it - buying a house is stress
ful. This process completely takes over your life and changes many things about it. You start giving up activities you used to be engaged in, the priorities change and you need to be aware of that to get your life back to normal.
6 types of houses in Australia you must know about 2008-06-07 20:45:59 It sure helps when you know that any house in Australia
belongs to one of 6 types
. How many times have you read in the real estate ad something like: "…this beautiful Victorian home" or "…lovely Federation house" and had no idea what the house looks like or how old is it? Read more:houses
Types of houses is Australia - now with pictures 2008-06-12 08:03:11 A picture is worth a million words, right? As I promised in my previous post about types of houses
in Australia
, here are the pictures of houses of different periods and styles. Hopefully these will help you identify the style of your house and the period it belongs to.
5 Great tools for online property research 2008-06-16 08:50:15 Doing efficient research of properties online
saves you tons of time - and time is money, right? It is really a good idea to find out all you can about the house before you take time to inspect it. And it is possible with the help of these very useful tools:
[...] Read more:Great
, property
Pre-purchase inspection: things that go wrong and how to get it right 2008-07-10 07:27:54 I recently had two building and pest inspections done by two different companies. The price was almost the same – but the difference in quality of service was amazing.
The first company responded to my booking promptly and arranged for the inspection to be carried out on the next day. I was promised that in case they find termites I will get a call immediately. Of course I was hoping that they Read more:things
Moving out of a rental property 2008-07-27 02:05:14 There are several things you don't want to forget when moving out of your rental property
.
Notifying your agent/landlord
Have a look in your contract and see how far in advance you should notify your real estate agent (or landlord). When sending your notice of vacation, make sure you have proof they've received it – either send by registered post or deliver in person and ask them to sign and Read more:Moving
Honey, I bought us a house online 2008-08-12 02:35:38 It's official – now you don't have to leave your house to buy a house. Why? Aussie real estate auctions are now available online
. As more and more people prefer to do the shopping in the privacy of their home, companies are trying to meet the demand and create great new services.
How Google Maps made property research easier 2008-08-08 09:48:02 he latest feature Google
added to maps - Street View - makes property
research so much easier! What we used to have is this view from above and it was really helpful, at least to understand what the closest amenities are - is there a school, a shopping center, a park near by etc.
Street level takes property research to a different level - you can actually tour the streets and see where the closes
What exactly happens on settlement date 2008-08-30 19:51:57 There are two important dates in the house buying process: the contract date and the settlement date. Contract date is the date when the vendor have signed a contract of sale or a contract note. In most contracts the house price is split in 2 parts, first the buyer pays the deposit (5 - 10 percent of the house price) and the remaining amount is paid on the settlement date.
The smart way to pay stamp duty on a house - part 2 2008-08-27 21:51:36 How to use PPR concession to reduce stamp duty
Another “discount” you can get for the stamp duty is your PPR (Principal Place of Residence) concession - if the house you are buying will be you Principal Place of Residence, you’re entitled to another discount.
Principal Place of Residence means that
1) You’ve moved in into the [...]
The smart way to pay stamp duty on a house - part 1 2008-08-22 02:42:48 Stamp duty is a tax that you have to pay when purchasing a house. It is a significant expense and without a doubt puts an additional strain on home buyers. The smart way out is to use OPM (Other People's Money) to pay it – whenever possible. Here is how it can be done:
How to prepare certified copies of documents 2008-08-18 08:39:16 It can happen that in the house buying process you will be required to produce certified copies of certain documents - and many people are unsure what that means. Whenever you are being asked for a certified copy of a document, here is exactly what you need to do:
What “Under offer” and “Under contract” means 2008-09-20 00:28:18 The process of buying a house, like any other process, has several stages. Terms "Under offer" or "Under contract
" are essentially the same, they indicate the status of the house through the selling process - note that they only apply to a private sale and never to an auction.
When a house is "Under offer" or "Under contract"
Making an offer on a house: Contract Note explained 2008-09-16 02:04:48 To make an offer on a house in most cases people use a document called the Contract note (in Victoria). It looks pretty simple and only has 2 pages but defines every aspect of your purchase - which is why you would want to understand it completely.
What is the right price for a house? 2008-09-11 09:19:59 What's the right price
for this house? If you're looking to buy a house, you are going to ask yourself this question - a lot. This is your task number one in this whole process and here is why. Let's say you've assessed the value of the house, made a mistake and paid more for it - then you have killed any possibility of capital growth on the spot
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