Is there a change on the way

Latest figures have shown that there is still an over supply of homes for sale. Although the number of new listings has decreased, there is still too many homes being offered for sale. This is creating a buyers market as there are more homes than buyers in the market place. A big reason for the large number of listings still available for sale is that current sellers are relisting their property. This is largely due to the fact that their original asking price was or is too high. Another factor is the confidence in the market place. Many people are very wary of what is happening with the economy. Is there another interest rate increase coming or will the market stablise? Does the government still think it can control oil prices and inflation with interest rates or will they realise that world prices cannot be controlled locally? This is the question on many peoples mind. It is a…….lets wait and see what happens ……..attitude people have adopted.

It is still a perfect time for anyone that has the finances to buy. Now more than ever is the best time to buy as you have great power to negotiate with the sellers. To view some great buys, take a look at some of our listings at http://www.nobullrealestate.com.au/properties.php

Is there a change on the way

Latest figures have shown that there is still an over supply of homes for sale. Although the number of new listings has decreased, there is still too many homes being offered for sale. This is creating a buyers market as there are more homes than buyers in the market place. A big reason for the large number of listings still available for sale is that current sellers are relisting their property. This is largely due to the fact that their original asking price was or is too high. Another factor is the confidence in the market place. Many people are very wary of what is happening with the economy. Is there another interest rate increase coming or will the market stablise? Does the government still think it can control oil prices and inflation with interest rates or will they realise that world prices cannot be controlled locally? This is the question on many peoples mind. It is a…….lets wait and see what happens ……..attitude people have adopted.

It is still a perfect time for anyone that has the finances to buy. Now more than ever is the best time to buy as you have great power to negotiate with the sellers. To view some great buys, take a look at some of our listings at http://www.nobullrealestate.com.au/properties.php

Ripping off the public

Not many people are aware of the pitfalls that the consumer can fall into. I received a phone call from a concerned landlord looking for a mobile agent that has not forwarded his rent money to him. It seems that this particular agent has used the rent money for paying his own bills. When this landlord rang the Department Of Fair Trading, he was informed that this particular agent has not been licenced to sell or deal in real estate for some time. It is important that when you are going to deal with an agent that you check them out on The Department Of Fair Tradings website. You can do a licence check here http://www.fairtrading.nsw.gov.au/About_us/Online_services/Property_services_licence_check.html

Ripping off the public

Not many people are aware of the pitfalls that the consumer can fall into. I received a phone call from a concerned landlord looking for a mobile agent that has not forwarded his rent money to him. It seems that this particular agent has used the rent money for paying his own bills. When this landlord rang the Department Of Fair Trading, he was informed that this particular agent has not been licenced to sell or deal in real estate for some time. It is important that when you are going to deal with an agent that you check them out on The Department Of Fair Tradings website. You can do a licence check here http://www.fairtrading.nsw.gov.au/About_us/Online_services/Property_services_licence_check.html

Rental crisis relief in the Hunter

Latest figures from REINSW show a slight improvement in the number of rental properties becoming available for rent. The amount of properties for lease is expressed as a percentage. This percentage is how many homes vacant in every 100. That is if the vacancy rate is say 2%, this means that for every 100 homes in the rental market, 2 are vacant. The lower the number the harder is is for tenants to secure a property.

Currently in Newcastle the vacancy rate is 3.1%. In the Hunter region it is 1.9%, giving an overall average for the region of 2.2%. This is a slight improvement from last month which was 1.9%.

Does this mean that less investors are listing property for sale, thus creating more available property for lease.

Other indicators as mentioned before show that the number of new listings for sale has fallen creating a more balanced market when it comes to supply and demand.

We are experiencing with a number of buyers that the financiers are lending the money, buy the mortgage insurers are making it very difficult to insure the loan.

Now is a fantastic time to buy. I saw just yesterday a property listed for $199000 that is a 3 bedder with garaging. This property would potentially return $280 per week no worries. What a great return plus capital growth.

To view some great bargains go to http://www.nobullrealestate.com.au/

Rental crisis relief in the Hunter

Latest figures from REINSW show a slight improvement in the number of rental properties becoming available for rent. The amount of properties for lease is expressed as a percentage. This percentage is how many homes vacant in every 100. That is if the vacancy rate is say 2%, this means that for every 100 homes in the rental market, 2 are vacant. The lower the number the harder is is for tenants to secure a property.

Currently in Newcastle the vacancy rate is 3.1%. In the Hunter region it is 1.9%, giving an overall average for the region of 2.2%. This is a slight improvement from last month which was 1.9%.

Does this mean that less investors are listing property for sale, thus creating more available property for lease.

Other indicators as mentioned before show that the number of new listings for sale has fallen creating a more balanced market when it comes to supply and demand.

We are experiencing with a number of buyers that the financiers are lending the money, buy the mortgage insurers are making it very difficult to insure the loan.

Now is a fantastic time to buy. I saw just yesterday a property listed for $199000 that is a 3 bedder with garaging. This property would potentially return $280 per week no worries. What a great return plus capital growth.

To view some great bargains go to http://www.nobullrealestate.com.au/

Rental crisis relief in the Hunter

Latest figures from REINSW show a slight improvement in the number of rental properties becoming available for rent. The amount of properties for lease is expressed as a percentage. This percentage is how many homes vacant in every 100. That is if the vacancy rate is say 2%, this means that for every 100 homes in the rental market, 2 are vacant. The lower the number the harder is is for tenants to secure a property.

Currently in Newcastle the vacancy rate is 3.1%. In the Hunter region it is 1.9%, giving an overall average for the region of 2.2%. This is a slight improvement from last month which was 1.9%.

Does this mean that less investors are listing property for sale, thus creating more available property for lease.

Other indicators as mentioned before show that the number of new listings for sale has fallen creating a more balanced market when it comes to supply and demand.

We are experiencing with a number of buyers that the financiers are lending the money, buy the mortgage insurers are making it very difficult to insure the loan.

Now is a fantastic time to buy. I saw just yesterday a property listed for $199000 that is a 3 bedder with garaging. This property would potentially return $280 per week no worries. What a great return plus capital growth.

To view some great bargains go to http://www.nobullrealestate.com.au/

Another one bits the dust

Word has it that a famous agent around the local area is about to pull the plug. There have been a lot of people looking for this person who is holding money of theirs and not being around to give it back. This is a common trap that many agents end up falling into when the fees they charge cannot cover the costs of running a successful real estate business. They end up dipping into trust money held as deposits and rental monies that isnt their money, but use it to pay their bills in the hope that it can be put back before anyone notices.

To charge a fee of lets say 1% you need to sell a lot of property to enable enough cash flow to maintain the business. The costs of advertising, marketing, car costs, office costs including rent and supplies are just a few of the things you must consider when running a real estate business. What cheap agents end up doing is under selling the vendor to get the house sold so the cheap agent can generate an income.

When engaging an agent it should not be about the fee they charge, but how skilled they are at negotiation. A wise man once told me you can get a monkey to sell a house. In my experience this is somewhat true. Buyers in the majority either like the home or they dont. For those that do like the home, it needs to be about how much you can get them to pay for it. Cheap agents will take the first offer and work on the vendor to accept the offer. A skilled negotiatior will work on the buyer to get them to the maximum they will pay, not work on the vendor to see how little they will accept. There is a BIG difference.

Word has it that this cheap agent has sold out to another cheap agent in the hope he can get out before he gets caught. I just hope everyone that is owed money from the landlord to the newspapers end up getting their money, let alone the poor mum and dad home buyers that could be left holding the empty bag. If I can help anyone out there that has been stung..let me know

Another one bits the dust

Word has it that a famous agent around the local area is about to pull the plug. There have been a lot of people looking for this person who is holding money of theirs and not being around to give it back. This is a common trap that many agents end up falling into when the fees they charge cannot cover the costs of running a successful real estate business. They end up dipping into trust money held as deposits and rental monies that isnt their money, but use it to pay their bills in the hope that it can be put back before anyone notices.

To charge a fee of lets say 1% you need to sell a lot of property to enable enough cash flow to maintain the business. The costs of advertising, marketing, car costs, office costs including rent and supplies are just a few of the things you must consider when running a real estate business. What cheap agents end up doing is under selling the vendor to get the house sold so the cheap agent can generate an income.

When engaging an agent it should not be about the fee they charge, but how skilled they are at negotiation. A wise man once told me you can get a monkey to sell a house. In my experience this is somewhat true. Buyers in the majority either like the home or they dont. For those that do like the home, it needs to be about how much you can get them to pay for it. Cheap agents will take the first offer and work on the vendor to accept the offer. A skilled negotiatior will work on the buyer to get them to the maximum they will pay, not work on the vendor to see how little they will accept. There is a BIG difference.

Word has it that this cheap agent has sold out to another cheap agent in the hope he can get out before he gets caught. I just hope everyone that is owed money from the landlord to the newspapers end up getting their money, let alone the poor mum and dad home buyers that could be left holding the empty bag. If I can help anyone out there that has been stung..let me know

Another one bits the dust

Word has it that a famous agent around the local area is about to pull the plug. There have been a lot of people looking for this person who is holding money of theirs and not being around to give it back. This is a common trap that many agents end up falling into when the fees they charge cannot cover the costs of running a successful real estate business. They end up dipping into trust money held as deposits and rental monies that isnt their money, but use it to pay their bills in the hope that it can be put back before anyone notices.

To charge a fee of lets say 1% you need to sell a lot of property to enable enough cash flow to maintain the business. The costs of advertising, marketing, car costs, office costs including rent and supplies are just a few of the things you must consider when running a real estate business. What cheap agents end up doing is under selling the vendor to get the house sold so the cheap agent can generate an income.

When engaging an agent it should not be about the fee they charge, but how skilled they are at negotiation. A wise man once told me you can get a monkey to sell a house. In my experience this is somewhat true. Buyers in the majority either like the home or they dont. For those that do like the home, it needs to be about how much you can get them to pay for it. Cheap agents will take the first offer and work on the vendor to accept the offer. A skilled negotiatior will work on the buyer to get them to the maximum they will pay, not work on the vendor to see how little they will accept. There is a BIG difference.

Word has it that this cheap agent has sold out to another cheap agent in the hope he can get out before he gets caught. I just hope everyone that is owed money from the landlord to the newspapers end up getting their money, let alone the poor mum and dad home buyers that could be left holding the empty bag. If I can help anyone out there that has been stung..let me know