We often get asked: what's the difference between a buyer's advocate and a real estate agent? The key difference between a buyer's advocate and a real estate agent is who they represent. A real estate agent is acting on behalf of the seller, also known as the vendor. A buyer's advocate is acting purely on behalf of the buyer, working exclusively for them to achieve the very best outcome …
Include an ‘offer expiration’ clause in your offer
Also known as a sunset clause, it is wise to include an "offer expiration" clause in any offer that you make to purchase property. Such a clause states a date and time when your offer will expire and will encourage a Vendor to make a decision or risk losing a sale. It will also encourage an agent to act quickly to ensure your offer is presented to the Vendor promptly. Ideally, a sunset …
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Looking to invest with a tenant in mind?
Here is a golden rule for your investing. Rather than buy first then wonder, how do I get a tenant, why not buy with the tenant in mind? For the suburb that you are looking to buy in, go into the real estate agency, walk past the sales guy/gal, sit down with the rental manager and ask them: Then go and buy that sort of property. You have an entire market that is already there, …
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How to use inspection reports as negotiating tools
When you buy property, we all know you should employ the services of a qualified building and pest inspector to give the house a once over and highlight any issues there may be with the property. A building or pest inspection report will reveal any issues with the structure of the building, recent termite activity or even things such as rising damp. A thorough report will also highlight minor …
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The importance of getting a property inspected before buying
When it comes to buying a home, it is essential to recognise that you are responsible for much of what takes place. Once the transfer of ownership is complete, you are often liable for any pre-existing defects, including illegal alterations to the property. As Consumer Affairs Victoria (CAV) outlines on it's Contracts and Disclosure Statements webpage, sellers must provide prospective buyers …
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Is there are a mortgage cliff coming?
With the RBA raising interest rates yet again last week, I'm hearing the whispers growing louder. People are talking about a looming mortgage cliff. Whilst we enjoyed several years of record low interest rates, many home owners chose to fix their mortgages. They effectively locked in that lower rate for 1-3 years, some even longer. However, many home owners are now facing the challenge …
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Looking to sell your home, but don’t know where to start?
At Chamberlain Property Advocates, we are here to support you through the entire selling process. Many of our clients that get in touch are totally overwhelmed by the selling process. Not only about needing to move and find a new home, but before that process even starts. The number one cause of their stress - the need to declutter! If you've lived in a home for any extended time, you know …
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Sydney fuels Melbourne’s rise as residents flee south
Sydney home prices have become so disheartening that Harbour City residents are increasingly moving to Melbourne, the metropolis they love to disparage as cold, wet and drab Bleak City. With Melbourne set to overtake Sydney as the country’s largest city later this decade, new research has revealed a rising number of the new residents swelling up the city are former Sydneysiders. Many were …
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2023 Property Trends
In 2022, lifestyle additions were high on the wish list for what buyers were looking for, with keywords such as 'pool', 'waterfront', 'beach' and 'view' among the most searched terms. So now that 2023 is underway, what are the key trends we can anticipate in the property market? Buyers will be willing to pay for the right neighbourhood. Many buyers are still willing to pay a price premium …
What does 2023 hold for you and real estate?
Here we are, at the end of January already. Having seen a shortage of newly listed properties for sale as we headed into the end of year break, what did happen was the existing sales stock started to get soaked up. With the absence of other choices, buyers who needed to buy did so, based on what was available to them. As the year drew to a close, I was receiving a lot of messages regarding …
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