Your Real Estate Agent is your Secret Selling Weapon

 

If you are planning to sell your property, you can get help from a real estate agent regarding price and sales strategy, marketing, negotiations and ancillary matters.

An experienced agent will know the 120+ components that need to be considered when listing, selling and settling a property transaction. This is why it is simpler and easier for prospective clients to let an agent handle the work involved in this kind of transaction. More importantly, clients profit from their agent’s experience and knowledge.

And knowledge is precisely what you gain when you enlist the help of a real estate specialist. Agents are knowledgeable about the local pricing market, buying audience, and local supply and demand situation. In addition, agents normally already have a list of purchasers on their books. This means you get instant access to prospective buyers.

Experienced negotiators
The level of tension is at its highest when talking about money and it is no different when negotiating for property prices. Aside from helping you get the most from your property, an agent can help pave the way for a smooth and effective negotiation, ensuring that both buyer and seller win.

A lot of buyers are not comfortable talking about prices with owners, thinking they might offend or insult them, and some owners may take the transaction personally. An agent can help smooth the process to make sure both parties win.

Rationalising the commission costs
The perceived expense in paying the agent’s commission is a major hesitation for sellers when deciding to hire an agent. On the contrary, a reliable agent will actually earn profit on your behalf and get you more money in your pocket.

But we warned against retaining the agent offering the cheapest commission. On the surface, lower rates or free marketing seem good, but is such a person the ideal person to sell your property?

You don’t need a bargain basement hawker to sell your home. All you need is a person who is experienced in selling and is aware of how to stand his or her ground.

It pays to hire an agent
A reputable agent will do their best to make a profit for you because in the end they will benefit from it as well. Ultimately, the higher the amount the home was sold, the higher the commission they’ll get.

Finding the right agent
Select an agent with marketing credentials, one who is a fierce negotiator and one that has an impeccable reputation.  Remember, people sell property not companies and bigger does not equate to better.

If you are considering selling your property and planning on getting more than ONE agent’s opinion, make sure ONE of them is from Annette Pinkerton at ONE AGENCY. Don’t settle for anything less when it comes to selling your most valuable asset.

Annette is known in Newcastle as the “Real Estate Agent who enables you to turn the key to where you want to be”.  Contact her directly on 0418447856 so you can discuss how working together will achieve your real estate goals.

Job Opportunities in Australia Rises amid Demand in Property and Construction

http://www.theherald.com.au/story/3441586/plans-lodged-for-west-end-high-rise/

New job adverts on SEEK were 2.7% higher in April 2016 compared to that of April 2015 and there is no signs of a general decline in job advertising despite a slowdown in the rate of growth.

The strength of the overall labour market continues to be driven by New South Wales and Victoria, the two major state employers. Job opportunities in New South Wales rose 8.4% year on year and 4.4% in Victoria.

South Australia showed the most exciting growth in the performance of job advertising, posting its third successive growth in job adverts at 4.8%. This is a good sign, especially because it has been economically challenging for some time for the state to bring in a significant growth in labour demand.

In contrast, new job adverts in Queensland are down compared with the year-ago period. More than half of the industries in the state are exhibiting encouraging growth in the volume of new job advertising, but it is burdened by the decreases in other industries like mining, superannuation and insurance.

The weakest market is still Western Australia, with new job adverts continuing to be well under the levels reported in 2015. The state is having a hard time recovering from the gap left from the pull back in mining investment. It impacted job opportunities across nearly all industries, not only mining and resources.

Overall, the continuing growth in the labour markets is driven by real estate and construction. Throughout Australia, new adverts for real estate rose 10% and construction by 12%.

There has been a rise in demand across a lot of real estate sectors, especially leasing and property management, commercial sales, and retail and property development.

And, you only have to look to the skies in Newcastle to see 6 cranes working on new developments in our city.  Interestingly, all were reportedly completely sold ‘off the plan’ and before turning the soil.

Tips for Making the Most out of a Tiny Bathroom


Not all of us have the luxury of space in our bathroom. What a lot of us do have is are drawers brimming with razors, deodorants, toothpaste, makeup, extra toilet roll and toothpaste, even those sample size amenities we get from hotels, thinking that we can use them for the gym or our next holiday (and yet we forget to pack them).

You can hide your bits and pieces with clever storage, but it would also be helpful to create an illusion of extras space, particularly if you have a partner or family who you have to share sink space with.

So, make your bathroom appear a little roomier with these simple tips:

Give the impression of height
Vertical lines can create the illusion of height in a room by luring the eye upwards. Do these:

  • Extend the tiles to the ceilings
  • Paint a vertical stripe on the wall
  • Use (the right) wallpaper with a striped pattern

You can also line the boundaries, or “crown” of the ceiling with a border, maybe a patterned tile or cornice around the top of the walls.

Lights and mirrors
Mirrors
Create depth, width and length to a tiny room with the use of mirrors. They help distribute the light across a room, resulting in heightened brightness.

Lights                                         

  • Use clear shower screens, instead of opaque ones, to create more space and light in a room.
  • A small bathroom can appear bigger with a fully frameless shower screen as it does not create any visual barriers.
  • Use natural light by not blocking windows with thick blinds.
  • Think about building a skylight. It is a great solution to a room that is not facing the sun.

Light the edge of a room to give the illusion of space, as well as eliminate dark nooks and crannies.

You can put shelves on the walls close to the ceiling and place lights beneath them. With mirrors, don’t overdo it. A single mirror is usually adequate.

Colour
Keep colours simple in a tiny room. Avoid busy patterns and be cautious with bold colours. A busy wallpaper pattern will make the room appear tinier and more cluttered. Instead, use light colours on walls, floors and décor, such as pastel tones, neutrals and whites.

If you want a pop of colour in your room, you can use a bright bath mat and some towels, or place a few plants and accessories like a toothbrush holder.

Tiles
There a sense of space created with the use of larger tiles. You also just need a smaller amount of tiles to cover the room. This translates to less grouting and lines breaking things up visually.

Show off as much of the floor as possible to make the room larger. You can maximise the floor that is visible in your bathroom by avoiding big floor covering vanities and other extras. A pedestal sink and mounting storage on the walls are also worth considering. It is best to avoid a vanity unit that it can occupy a lot of space.

Storage, sinks and baths
A great way to add space is using pedestal basins, because they do not sit on top of a large structure. But remember to consider your storage requirements when picking a pedestal basin. If you own a lot of small items you may have to opt for one with a shelf.

Don’t forget adequate storage as clutter only makes the problems of a tiny bathroom worse. Some good options to consider are exposed shelving, recessed cabinets and floating cabinets, the latter of which leaves more floor space visible.


Install the toilet in an alcove to make efficient use of a tiny bathroom and use the space above the toilet to fit a shelf.

If you like to have a relaxing bath, consider buying a small but deep model.

Doors
Sliding doors create an extra bit of space, as they can be concealed in wall cavities, or installed outside of the bathroom, if needed, bringing a clean appearance to the bathroom.

If you have installed a hinged door, don’t litter the walls with towel racks. Use the back of the door to hang your towels.

For more great ideas and solutions for your bathroom check out our Pinterest Page and let me know if there are any other styling tips you would like to know more about.


Tips for First-time Property Sellers

It can be emotionally draining selling your home, particularly if it is your first time doing it. Perhaps you bought it with the intention of re-selling it sometime in the future, or perhaps the home you thought you’d grow old in just doesn’t fit you anymore. Regardless of the reason, it may be bittersweet for first-time home sellers particularly if you have invested a lot of time, energy and money into making it special.

Below are three great tips to help you through the experience of  selling your first home:

First-home Buyer Borrowings 50% Higher Compared to 10 Years Ago

And this is the reason why first-home buyers are protesting!

The average loan for a first-home buyer has risen by 50% in the past 10 years, with one state posting an astounding 66% increase, according to Australian Bureau of Statistics data analysed by First Home Buyers Australia (FHBA), a website created to help aspiring property owners.

The growth is also dramatically higher than the wage increase over the last decade.
FHBA analysed housing finance figures for April 2016 and compared it to data for the same period over the last 10 years.

According to FHBA’s analysis, the value of borrowings given to first-home buyers rose by 50% to $330,600 from $221,100 in the last decade.

The Northern Territory recorded the highest increase, followed by Western Australia, Victoria, South Australia and NSW. Tasmania, ACT and Queensland recorded the lowest.

The findings echoed one of the major complaints reported by first-home buyers in FHBA’s online surveys. People complained over their difficulty in keeping up with the price increases while saving up for a deposit!  I too, hear this often from buyers in Newcastle. 

The original deposit they intended to save in the amount of $100,000 for a $500,000 home ends up with them needing to save another $20,000 because the median value has risen. Another impediment to first-home buyers is the low interest rates. This is because people are not earnings as much interest on their savings.

However, investors are getting an assist from low interest rates because they can borrow more and also be granted many significant tax benefits like negative gearing and the capital gains tax discount.

Breakdown state by state
NSW: The average loan amount for a first-home buyer went up 51% from $258,700 in April 2006, to $391,900 in April 2016
VIC: 58 per cent rose from $209,900, to $331,500
QLD: 36 per cent grew from $214,500, to $290,800
SA: 56 per cent went up from $173,500, to $271,400
WA: 62 per cent rose from $197,000, to $321,100
TAS: 41 per cent grew from $165,400, to $233,900
NT: 66 per cent rose from $187,900, to $312,300
ACT: 38 per cent went up from $236,600, to $326,400

The analysis indicated that the increase in loan amount was significantly higher than the rate of inflation.

According to official Reserve Bank Australia data for 2006 to 2015, inflation increased by 25.3% compared to the 50% increase in first-home buyers loans.

The FHBA believes that negative gearing should be minimised to cut the interest rate amount that is tax deductible by half for people who own existing homes. But people purchasing new properties should be allowed to retain the deduction.

This issue definitely needs to be rectified if first-home buyers have any chance of getting into and owning their own home.

For more updates and information relating to your property, call Annette directly on 0418447856.