You can make a verbal or email offer for a property, but nothing is binding until you’ve signed the contract of sale and made a deposit. A previous post [Offer and Acceptance] discussed what happens after an offer is accepted, but this time we’re going to look at some of the options you have when making an offer in the first place.
Cessnock is Very Cheap and Good Rent Returns
This March, the U.S. Federal Reserve raised the country’s cash rate a quarter of a percent, to 1.75 percent. It’s the first time in 18 years, the U.S. has raised the cash rate higher than Australia’s, which remains unchanged at a record low 1.5 percent.
If you’re still looking to invest in real estate Cessnock might be a good low risk, high return strategy
If you know, then you need to act
A 2015 amendment to the legislation governing the sale and leasing of residential property has made any property that’s tested positive for, or even suspected to contain, loose-fill asbestos insulation (LFAI) a “material fact” that real estate agents must disclose to potential buyers and tenants [How Loose-Fill Asbestos Insulation Could Destroy Your Property’s Value].
NSW Government has a Private Public Register
The NSW Government will demolish a house in the Lake Macquarie area of Glendale, after it was found to contain loose-fill asbestos insulation (LFAI), an especially noxious form of asbestos that requires the premises to be demolished and the land remediated to eradicate the hazard. Continue reading “Secret Glendale (Newcastle) House Demolished by NSW Government without a Trace”
Private Treaty vs Auction
There are two common ways to buy property: by private treaty or at auction. Both involve making an offer of sorts to the vendor, which is ultimately accepted or declined. This post is going to assume you’ve made an offer for a property, either at auction where it’s been the winning bid or on a private treaty sale and it’s been accepted. Now what? Continue reading “Offer and Acceptance”
In July 2018, the Department of Fair Trading will launch a loose-fill asbestos insulation (LFAI) awareness campaign in Newcastle, as part of the department’s Loose-Fill Asbestos Insulation Taskforce.
If LFAI is discovered they’ll buy the property at market valuation and demolish it, but if you don’t register before 31st July who knows what will happen. Continue reading “How Loose-Fill Asbestos Insulation Could Destroy Your Property’s Value”
More Risk to Banks More Cost to You
Lender’s Mortgage Insurance (LMI) is an insurance policy that protects the lender from financial loss if the borrower can’t afford to make their home loan repayments.
Newcastle Asbestos Man Shares Critical Info
Loose-fill asbestos insulation (LFAI) is raw, crushed asbestos that was installed as ceiling insulation during the 1960s and 70s by a number of Canberra-based companies collectively known as Mr Fluffy. About 1,000 homes in the Australian Capital Territory and New South Wales are believed to be affected, with the majority concentrated in the ACT area.
I was recently spoke with Tristan from ABS Asbestos Removal & Disposal at a Real Estate CPD training event in Newcastle where we learnt about the danger to people’s health as well as the value of your property that can be caused by Loose Fill Asbestos Insulation. Continue reading “Loose-Fill Asbestos Insulation, Mr Fluffy, Claims Glendale Home”
Many regional areas of Australia are providing property investors with financial gains that are just as good, and sometimes even better, than major capital cities.
As local property buyers’ agents for Newcastle, Lake Macquarie and the Central Coast, we can be your eyes and ears if you are unfamiliar with these areas. Find out more about just what we do.