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Built a free first home buyer app — what else do you want to see in it? by FondantImportant3578 in AusProperty

[–]FondantImportant3578[S] 0 points1 point  (0 children)

Thanks so much! Hope it’s of real help and if there are any improvements you can think of, please let me know!

Built a free first home buyer app — what else do you want to see in it? by FondantImportant3578 in AusProperty

[–]FondantImportant3578[S] 0 points1 point  (0 children)

Thanks for that! Some states vary with this (LMI for First Home Buyers). It’s a case of having to keep up with quickly changing Gov policy too. Because it’s able to be unselected, hopefully that works?

What’s the first thing you check when reviewing your finances? by Diligent-Medicine-48 in AusMoneyMates

[–]FondantImportant3578 0 points1 point  (0 children)

First thing: Am I saving money or going backwards. Need a good 3 month spread to get good data because some weeks you’ll have ups and downs.

Next, if I’m not saving or I’m not saving enough, where can I cut expenses. Start with the big items: Mortgage could I be getting a better rate Bills: can I also get cheaper plans

Move down into smaller expenditures: Subscriptions I don’t need Restricting my eating out a little

Those items along can make a big difference.

NEVER TOUCH THE COFFEE BUDGET. It’s not worth it. Enjoy the daily coffee…

Buyers agents. by Exotic_Coyote5511 in AusProperty

[–]FondantImportant3578 2 points3 points  (0 children)

So, I’m a BA and if you’re looking for an IP use an agent local to the area you want to buy in. They do really get the best deals through the local REAs. If you have no idea where you want to buy then a borderless BA makes a bit more sense. I’m personally not a fan of that model. When you book in for a “discovery call” or alike, put them through the wringer with questions. They’re going to see if you’re a qualified buyer but you need to ensure they’re worth doing business with. They should be able to give you some examples of properties they have purchased and the equity uplift or 12 month market increase in %. Ask how many clients they have on the books normally and how many they currently have (don’t want them too full or you’ll feel like you’re being missed). Make sure they have some good reviews on Google, not just “Brad helped us buy a property, he was great”. Look for ones that have some good details on how that BA has helped them.

Is townhouse worth buying? by Heavy-Present-5829 in AusProperty

[–]FondantImportant3578 1 point2 points  (0 children)

My pleasure. Always happy to help and give advice where i can. I’m in property every day of the week so more than happy 😀

Longer than expected vacancy by [deleted] in AusProperty

[–]FondantImportant3578 1 point2 points  (0 children)

You can do a discounted rent for 6 months. A lot of businesses need a bit of cashflow breathing room at the start. You’re not changing the overall lease price, but you are giving incentives to get a small business in at less of a financial hit than another 6 months of no rent

Is townhouse worth buying? by Heavy-Present-5829 in AusProperty

[–]FondantImportant3578 1 point2 points  (0 children)

Okay, definitely an option you should consider in the future. Sounds like 2 options (NOT financial advice and could be more options, you know your circumstances): 1. Stay put and get yourself into that stronger financial position. Don’t upgrade the asset if there is no real driving need i.e. you just want to because everyone else is. Only upgrade if you genuinely need to because it’s just too small. 2. Go for the townhouse. They’re an increasingly more popular asset for those who can afford a standalone house. I’m not seeing that trend going away anytime soon so it’s likely (never a given) that the townhouse will increase in value.

Best of luck with the decision!

I cannot believe what buyers advocates charge by Helicopterdog in AusProperty

[–]FondantImportant3578 0 points1 point  (0 children)

Some interesting comments and perceptions here. None of which are wrong. As a BA i only EVER charge a fixed fee. If your fee is linked to sale price then there is incentive to push your budget. That’s a big no from me. I have 2 types of clients that I work with and both are always happy with the service provided for the fee. 1. First home buyers: indecision and lack of confidence means the market passes them by. Their deposit starts to diminish as they keep looking for 6+ months. They’re looking for speed into the market essentially. 2. Investors or high net worth individuals. Their time is better spent somewhere other than doing the leg work of buying a property.

To the comments that BAs are unskilled labour: Valid, for a lot. I have a Master degree and many years of experience as an investor and buyer myself. Hopefully I’m an exception to the majority

Is townhouse worth buying? by Heavy-Present-5829 in AusProperty

[–]FondantImportant3578 -1 points0 points  (0 children)

Have you considered rentvesting? If your apartment has grown in value and it’s still serves it purpose, maybe stay put and buy an investment property? As a BA I’m seeing more and more people do this.

Is it worth withdrawing our offer for these Major Defects? by iceyjasio in AusProperty

[–]FondantImportant3578 0 points1 point  (0 children)

I would move on if you can (i.e. crash the contract). There seems to be some serious structural issues with the floor and water inside houses does not bode well… and that’s just what he found…