Why Use a Real Estate Agent? Here Are the Reasons Why

Today, a wealth of real estate information is right at our fingertips.

 

It is easier now to access property information using technology leading us to data, expert opinions and investment advice – resources that can help us make the right decision over buying or selling property.

 

There is also a rise in disruptive digital real estate platforms, which offer services such as flat-fee commissions or platforms that provide agent performance rating.

Technology is truly influencing how we transact property, but we mustn’t forget the value of human connections in real estate.

 

Three Benefits of Choosing the Right Real Estate Agent

  1. Solid networks are good but sound knowledge and experience in marketing is better

With a simple click of a button, properties can be listed and advertised in various digital platforms.

This may mean wide exposure, but the message has to be right, the images need to have cut through to target the right market and the frequency has to be on point.  So what does that all mean?

Your agent has to be a marketing specialist.  Simply uploading your property to the digital real estate portals and putting a sign out the front is not enough!  

Many agents are not specialists and are encouraging you to list with them ‘off market’ at the moment but I ask you – what would you prefer?  To run the risk of over marketing your property by $2,500 or run the risk of underselling your property by $50,000?  

  1. Comprehensive local knowledge

The internet has all sorts of information, but not all information is available on the internet.  you may have access to the sales prices of similar properties in your local area but it’s the agent who has on-ground experience and knowledge which can provide additional information giving light to why some properties out perform others.

Real estate agents will have knowledge of the disadvantages of their area, what dwellings have been selling for, what is popular, or the type of buyers that it attracts.

These pieces of information can help you navigate the selling process, like when you set the price for your home or try to negotiate the highest possible price given the present market conditions.

  1. Helping you achieve your property goals

It can be tempting to hire an agent who charges the lowest fees, but the cheapest agent may not always be the best.

For sellers, it is worth considering the value offered by agents and the service they provide. Find an agent who can best present your property and negotiate on your behalf. You’ll probably get the best results from a motivated agent with a higher commission, rather with a reduced commission. 

Remember, that an agent with loads of current listings may not have the time to effectively work on your property and your home may end up becoming stale with little interest.  An agent who limits themselves to a respectable amount of listings has more chance of selling your property within a reasonable amount of time and will likely achieve a higher price for you.  We all know, that the longer a home sits on the market the more likely it is to adjust the asking price.  

This is why it is essential to do your research, evaluate your personal financial situation and hire a professional to help you consider all options when looking to transact property.

If you are thinking of selling anytime within the next few months, call Annette Pinkerton at One Agency Pinkerton Properties for a current market appraisal.

 

 

Settling market as more properties list and buyer FOMO eases

Tips for the Perfect Home Office

The way people work has been transformed by the pandemic. Most employees are now working from home.   If you’re one of those people and don’t have a dedicated space to work, the transition might not have gone as smoothly as you’d like.  With lockdowns expected to continue and many employers realising the advantages of a work-from-home arrangement, it may take a while before we go back to the regular workplace setup.

So, how can working from home be productive?

Here are some tips to help you create the right home office space for yourself.

  1. Natural Lighting

Natural lighting is also important in your work space.

Good lighting is an important element of workplace health and safety as it helps prevent health issues such as eye strain and migraines. A study by Harvard Business Review found that 78% of employees reported that having natural light and views boosted their well-being and 70% reported increased productivity.

Set up your home office in a space with natural lighting, preferably where the light is behind or next to the computer to keep the glare away. A room facing north will let warm light during the day, which will help create a comfortable, working space.

But natural lighting may not always be achieved. In such cases, install artificial lighting such as lamps to create a well-lit work area.

 

  1. Appropriate Furniture

Another important element of a home office is the right furniture. While style is important, function must be the priority. Office furniture should be ergonomic to avoid needless strain on your body and to provide the best comfort to help you be productive.

Make sure your chair offers enough support for your back and that it is the right height for your desk. Or you could consider a standing desk for home workspace. Standing desks offer many benefits, including lowering blood sugar levels, risk of heart disease and improving work performance.

For small spaces, use multifunctional furniture and smart storage solutions. For example, you can use wall shelves as storage while keeping your floor free to make the room look bigger. Another is a pull-out or collapsible desk, if you don’t have an area that is dedicated as a home office.

 

  1. Decorate with Plants

Bringing in nature can bring life into your work space. Add a sense of well-being and make your work environment feel comfortable and relaxed with indoor plants or fresh flowers. 

Aside from looking beautiful, research shows that placing plants in the workplace lowers stress, enhances air quality and boosts productivity.

If you’re one of those without a green thumb, there are a wide variety of hard to kill plants, including aloe, echeverias, rubber plant, English ivy, spider plant, and more.

 

  1. Colour Selection

According to research, colour has a significant influence on productivity and can trigger various emotional responses in people. And in addition to colour, you need to consider the tonal value.

Cool white (with hints of blue) can actually make you feel cold while warm white (with hints of brown or yellow) can feel welcoming and homely.

Identify what you want to feel in your work space and search for the right colours to match it.

Here are some of the popular office colour palettes you can choose from:

  • Warm white – gives off a light and airy feeling without the cold vibe. This suits a minimalist office where there are few distractions.
  • Blue – any shade of blue brings a feeling of peace and security. This colour is perfect for Hamptons style or traditional, luxe spaces.
  • Green – if indoor plants are not sufficient to bring in nature, consider painting your walls green. It offers a revitalising and refreshing feel, which helps boost productivity.
  • Orange – an intense colour that evokes creativity. Bold and stimulating, this could be your colour if you work in the creative field.

As work from home becomes the new normal, use this chance to create a working environment that makes you feel good and brings you a sense of well-being.

Use this as a guide to help you design a home office that is both stylish and allows you to work productively and happily.

Strong Demand, Limited Supply Force Sellers to Delay Sale

An increasing number of vendors are renting back their houses or delaying the settlement period for fear they won’t be able to find another house amidst robust demand for a limited supply of properties on the market on top of delays due to lockdown restrictions and weak rental vacancy rates.

It is now common to see extended settlement periods, leaseback deals ranging from two weeks to six months and other ingenuous clauses that we only have previously seen in the top-end of the market.

A contract settlement period, in general, is 28 to 42 days. Currently, this has become three to six months. Some sellers are requesting  a leaseback arrangement, which means real estate agents need to be aware of both buyer and seller needs and to negotiate more creatively.

Some agents are witnessing leaseback transactions for garages and storage spaces or alternatively deals that offer buyers quick access to those spaces.  

Such options are important to encourage wary homeowners to sell, especially with the downsizer market.  On the flip side, interstate buyers are also asking for extended settlements while borders remained closed.

Here’s hoping that the pressure on buyers and sellers will ease with the ending of the lockdown and that stock levels will expand and make people more confident to transact.  

If you’re thinking of selling anytime within the next 12 months and would like additional information call Annette Pinkerton 0418447856.

Everything You Want to Know About Duplexes?

A duplex home is one of those underrated dwelling types in the property world. It can generate solid value growth and high rental yields for less than the price of a couple of similarly located detached homes.

What is a duplex home?

A duplex is a residential structure with two homes that has a common central wall. The two homes will either be on one land title and be owned and sold together, or be on two titles and separately owned and sold.

Owners must get a building insurance policy that covers the two homes in the duplex.

There is usually no need for a body corporate, but this is dependent on how old the duplex is and its jurisdiction.

The difference between a duplex and a house

A house has only one dwelling under one roof, instead of two dwellings under one roof. A duplex has a common wall that separates the two dwellings, which have their own entrances and amenities.

You can purchase and own half a duplex but only if the property is on a separate title. If the duplexes are on one title you cannot purchase half a property.

The pros of buying a duplex

There are numerous benefits in buying a duplex. For investors, they will take two rental incomes from one property. You will also save thousands on land costs because a duplex requires a smaller land than two separate houses.

The main benefit for ordinary buyers is the price tag, which is considerably cheaper than what you’d pay for a detached dwelling in a similar location. This makes a duplex worth considering by first homebuyers, people on a modest budget, or people who prefer low-maintenance living in a good quality location, like singles, downsizers and retirees.

However, you also need to weigh the benefit of saving money against a possible loss of privacy.

Other benefits include:

  • Only one next-door neighbour, compared to multiple neighbours in an apartment building
  • Potentially easier to make changes in your own home because there is only next-door neighbour to consult
  • Getting the security benefits of having one close neighbour, without too close for comfort
  • You can have your own pets because you own your land
  • Potential increase in rental income because there are no corporate body fees to pay
  • Low garden maintenance because you own just half of an average-sized block

Potential disadvantages:

  • Duplex configuration is important. Choose side-by-side or corner positions.
  • To get the most from capital gains, try to purchase where duplexes are not common
  • Stay away from duplexes with different front facades. For maximum value, both homes should have the same colours

Duplexes are a smart investment, if they are in the right location.

People who are considering duplexes are comparing them to apartments. One main benefit that a duplex has over an apartment is the land component size. Generally, homes with a higher land component value appreciate much quicker.

However, you should be aware of the downsides of duplex investing.

Owning just one of the homes in a duplex can limit your ability to perform outside works to the property because it may be part of a strata complex. This means the ways you can add value to your property is limited.

Just like any type of property investment, you need to do your research on duplex investing. The right duplex property can no doubt be a good investment.