Posts by Cate Bakos
Finance clauses – debunking some myths
We’ve written extensively about finance clauses, when to use them, when they reduce the strength of the offer, why brokers like to use them as a safety blanket, and when a client is in a higher risk category. But there are a lot of myths out there when it comes to finance clauses. This article…
Read More#GotMoney Ep 2: Property Market Update February 2019
Approaches to Consider When Negotiating Without Finance Pre-approval
Rare untouched gem in Geelong West attracts four bidders
“Market Inequality” is our biggest opportunity
With Saturday 2nd Feb signalling another tiny cluster of auctions (albeit with a slightly increased auction clearance rate of 55%), it is fair to note that we won’t see ‘normal’ auction volumes until next Saturday 9th Feb. While we’ll all be watching out for that magic number when it comes through that evening, we also…
Read MoreThe problem with buying a bargain
When it comes to buying a property under market value or for a “bargain price”, we need to understand why the property is selling relatively cheaply and what implications this has for capital growth and tenant prospects. There are many reasons a property could sell for a significantly lower price than comparable properties for sale (or…
Read MoreIs your rent up to date?
Do landlords hold the power?
In this changed lending landscape of ours, the negative sentiment, bad news stories and reports of market falls have created a negative picture for quite a few investors. But like most economic change, there is a flip-side. Heightened lender scrutiny, bank credit caution and the after-effects of our Banking Royal Commission have changed this environment of…
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