Opening Your Home

Now you’re ready to open the door to a fantastic price for your home – literally! Yes, open inspections are annoying (cleaning every Saturday morning!) but essential, because let’s face it, no prospective buyer is going to offer you hundreds of thousands of dollars for your home without giving it a thorough once over first.

Make a clean sweep… Before inspection day, make sure you’ve done everything you possibly can in the “Preparing your property for sale” section previously. Then give your place one last clean and de-clutter, removing everyday mess like shoes in the hall, the mail piling up, and pet bowls, etc.  It’s also a good idea to put away any small valuables or trinkets, not only to de-personalise the space, but also to avoid tempting light-fingered guests.

Do a walk through… It is always a good idea to walk through your property for a final inspection first, and try to look at it through a buyer’s eyes. Remove anything that makes it look cluttered, but also take care not to make it look empty and unwelcoming. Do you think your buyers will be impressed by what they see? Are you showing off your home’s best features?

Take your temperature… Experience shows buyers are turned off by properties that are too hot or too cool. So, it’s important to air out your house, then get your temperature right, depending on the season and time of day, etc. Buyers should walk in and feel fresh and cool (not cold) if it’s hot outside, or warm and toasty – not sweaty – if it’s cooler.

Image result for open home images

Get out of the house… As tempted as you are to hang around and see how the open home goes, it’s best to get lost and leave prospective buyers to it. That way, they can tour your place at their leisure, and talk honestly to their partners and to your agent about what they really think. Don’t forget to take your pets with you too, to avoid that doggy or moggy smell, and also in case any prospective buyers are allergic.

Be flexible with open times…People have busy lives, kids to pick up, meetings that run late, and other properties to view, so it’s important to be flexible with open times so prospective buyers get to see your home too. While your agent will usually schedule a weekend and a weeknight viewing, unexpected inspections can pop up so make sure you keep the place tidy and be ready to duck out for an hour sometimes at short notice.

Welcome the feedback… After the inspection, you’ll no doubt be very keen to hear what your agent and the prospective buyers have to say about your property. Whether it’s face to face, a phone call or a detailed email and report, it’s important to get your agent’s feedback and really listen to what they have to say – even if it’s not always glowing. If you do get some negative responses, try not to get upset or defensive. Instead, talk through it together with your agent and plan how you can address any issues, whether it’s adjusting your price range, changing your marketing tactics, or maybe making a few simple cosmetic changes to improve your property’s chance of selling for a great price.

  • Sourced from REIQ

Buying While Selling

Image result for buying a home when selling

Out with the old, in with the new. But which comes first? It’s never an easy call.  Here’s what to weigh up when deciding if you put up the sign, or put up your hand at auction first.

Sell First

  • You can wait until you get the price you’re really happy with for your existing home with no pressure.
  • You can go shopping for your new home knowing exactly how much you’ve got to spend.
  • You’ve got time to shop around and possibly negotiate better deals.
  • You can avoid the hassle and expense of bridging finance – which you’ll need if you end up owning two properties at the same time.
  • BUT if your old home sells faster than you planned, you could face the stress of having no place to live while you look for a new home.

Buy First

  • You can spend as much time as you like shopping around for your ideal next home, instead of feeling pressured to take anything just so you’ll have somewhere to live.
  • You don’t know exactly how much your old home will sell for, so you can’t lock in a budget for your new place.
  • If your existing home doesn’t sell fast enough, you may have to get bridging finance to fund both properties while you’re changing over.
  • You may feel pressured to accept a lower offer as your new home settlement gets closer.
  • You may not get as much as you hoped for your existing property, and have to make up the difference with your savings or a larger loan.

*Sourced from REIQ

 

 

GUTTER MAINTENANCE – Why is this important?

shutterstock_213280627_slider-765x318Industry standards recommend gutters should be serviced at least once or twice per year.  With all the crazy weather we are having and with storm season approaching we suggest a proactive approach to gutter care and maintenance. Obviously, the frequency of service should be assessed on a case by case basis depending on varying factors such as the property’s proximity to trees and falling debris, the time of year and wind and weather conditions.

If in the event of damage to a property, many insurance companies will not ‘pay out’ if the property shows signs of lack of preventative maintenance, including gutters.  Your property is of course one of your greatest financial assets so we want to ensure that your property is properly maintained.

Rather than be reactive to the possibility of an incident, as managing agents we care about our client’s properties and suggest a proactive approach. We advise regular gutter maintenance to help:

  • Prolong the life of your gutters
  • Removes sludge, grime and leafy debris that can cause blockages
  • Remove rust causing debris from your gutters
  • Eliminate the change of water build-up and serious damage to your ceiling and building structures due to blocked gutters
  • Reduce breeding areas for pests, vermin and insects, especially disease carrying mosquitoes
  • Save time and money overall
  • Prevent the risk of liability issues due to the risk of a fall
  • Reduce the risk of mould

Using a qualified experienced and licenced contractor can keep a record of all scheduled maintenance for insurance purposes and provide you with before and after photo’s along with a free roof and gutter report.

** Information provided by Gutter-Vac

COMPLYING WITH THE FIRE AND EMERGENCY SERVICES (DOMESTIC SMOKE ALARMS) AMENDMENT ACT 2016

The Fire and Emergency Services (Domestic Smoke Alarms) Amendment Act 2016 (QLD), commenced on 1 January 2017 and imposes additional obligations on property owners/managers with regards to the installation and maintenance of smoke alarms at domestic dwellings.

So what are the changes…The changes are many and significant:

  • From 31 December 2016, smoke alarms must be replaced within ten years of their manufacture date or if they fail when routinely tested.
  • From 1 January 2017, only photoelectric smoke alarms which comply with Australian Standard 3786-2014 can be installed whenever a smoke alarm is replaced or a new one installed.
  • All smoke alarms must operate when tested and they must be interconnected to every other smoke alarm installed in the dwelling.
  • In respect to existing dwellings, the Regulation amends the Building Fire Safety Regulation 2008 and requires each storey with at least one bedroom to have a smoke alarm installed on or near the ceiling in each bedroom. If one or more of the bedrooms are connected by a door to a hallway, a smoke alarm must also be installed in the hallway. In dwellings where a hallway does not connect by a door to the bedrooms, a smoke alarm is required in a location between the bedroom and the remainder of the dwelling.
  • Additionally, for each storey of a dwelling which does not have bedrooms, a smoke alarm must be installed on or near the ceiling in the area of the stairway or otherwise inside the dwelling provided it is installed on a path of travel to an exit outside the dwelling.
  • All smoke alarms must now be either hardwired to the dwelling’s electricity supply or powered by a non-removable battery with a 10 year battery life.
  • In respect to dwellings where an application for a building approval is made after 31 December 2016 and the building work is a substantial renovation, the Regulation amends the Building Regulation 2006. For these dwellings, a smoke alarm must be installed on or near the ceiling in each bedroom of the dwelling or part of the dwelling and must be hardwired to the dwelling’s electricity supply.

So when do these changes take effect?…Notably, the Act imposes different time frames for compliance.

The Act will apply to domestic dwellings where an application for a building development approval is made after 31 December 2016 and the building work is a substantial renovation. The Act defines a substantial renovation as one undertaken pursuant to a building development approval for “alterations to an existing building or structure” and the alterations (or any structural alterations approved or completed in the previous three years) exceed more than half of the volume of the existing building or structure. Essentially, this type of dwelling is a new or substantially renovated property.

The Act will come into effect from 31 December 2021 for an existing dwelling in circumstances where a contract of sale is entered into or a new General Tenancy Agreement is entered into or an existing one renewed.

The final phase of the provisions will be applicable within 10 years, whereby all owner-occupied private dwellings must comply with the Act by 31 December 2026.

A failure to comply with the new legislation could result in a fine up to $609.50.

For more information visit the website: http://www.fire.qld.gov.au

* Sourced from the REIQ

Welcome to our blog!

Ever wished you could have your own personal Real Estate agent that would be available to help explain the buying and selling process? Well now you can!

This blog has been set up so we can help with all the difficult questions that you may have regarding everything in Real Estate. Our Pam Court Realty team literally want to share our knowledge and experience with you, so if you have any questions we would love to hear from you.

Thank you for reading!