Empower Blog Settlement

The Three Hidden Mistakes That Property Investors Often Make

Today I want to talk about three hidden mistakes that property investors often make. The first one is wanting to settle on a Friday. This comes from the fact that when we're buying our own home if we settle on a Friday, we get the keys and we move in over the weekend. But the challenge is that 20% of settlements don't settle on the due date becau...

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So you’ve bought the property… What’s Next? (Part 2)

The next step is, "Well, ok, once I've settled, the next biggest anxiety I'm going to have is whether or not I'm going to get a tenant." So you really need to start thinking about property managers and interviewing a range of property managers. Ask them some key questions because they are going to be in charge of looking after your asset. For me, t...

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Things to Do Before Buying a Home

There are few things more thrilling than buying a home of your own for the very first time. Having a decent savings or down payment on the home is just a small part of the process. Make sure you have all of your bases covered and a solid idea of what to expect during your journey of becoming a proud homeowner. So just what should you know about how...

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8 Tips to Buy in a Hot Market

I’ve been buying property on behalf of clients since October 1998 and in that time I have experienced many hot property markets.  Having moved from Perth to Queensland in 2002 and then to Melbourne in 2006 as well as travelling around the country filming Location Location Location Australia for the last 3 years, it sometimes seemed like I was of...

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What to Expect Post Settlement Re: Your Finances

So you have secured the property and settlement has just occurred.  The stress of the last couple of days is sort of behind you as you still try to get your head around the process that just took place and all the parties that made it happen, from the two banks, the two solicitors, the selling agent, the vendor, your buyers agent, your broker and ...

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Making Your Offer Irresistible

Real estate negotiation requires creative thinking in any private sale, pre-auction or post-auction negotiation. Buyers make the mistake of assuming that the vendor solely cares about price. Every vendor cares about price, but most vendors care about a combination of price and terms. In a selling situation where the vendor is relaxed about timing, ...

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Negotiation Tactics in a ‘Sellers’ Market – Part Two

3. Establish recent sales to justify your offer Recent sales of comparative properties can help in getting the estate agent to help support your price offer, but you must compare apples with apples, don’t compare weatherboard with Brick or vastly different land size blocks etc.   4.  Start with a long term settlement When you put your...

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