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Home I Own - Australian newcomers blog on real estHome I Own - Australian newcomers blog on real estIn HomeIown.com Australian newcomer Chris Lang shares all she learned about real estate in Australia. HomeIown.com was created to help new to real estate people understand how it works and to make renting or buying a house easier.
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6 types of houses in Australia you must know about
2008-06-08 03:45:00 It sure helps when you know that any house in Australia belongs to one of 6 types. How many times have you read in the real estate ad something like: "?this beautiful Victorian home" or "?lovely Federation house" and had no idea what the house looks like or how old is it? More About: Houses , Types
5 Ways to deal with the stress of buying a house
2008-06-06 14:36:00 Face it - buying a house is stressful. This process completely takes over your life and changes many things about it. You start giving up activities you used to be engaged in, the priorities change and you need to be aware of that to get your life back to normal. More About: House , Buying , Deal , Stress , A House
4 signs of changing real estate market
2008-06-04 15:23:00 When you are looking for a house to buy, watching the real estate market helps to understand who has more power at the moment, buyers or sellers. But how can you really watch the market? It is simple ? watch the ads in one of the popular real-estate websites, such as ... More About: Estate , Real Estate , Real Estate Market , Market , Signs
Making an offer on a house - things you must know
2008-05-26 14:44:00 In any private sale making an offer on a property is one of the important steps. If you make an offer and it's accepted - just keep your part of the deal and the house is yours. More About: House , Things , A House , Offer
Why real estate agents push you to make an offer
2008-05-21 12:39:00 Read estate agents will always try to get an offer out of you. Did you notice that on any inspection the thing they are obsessed with getting your name and number? The reason they do it is to be able to ring you and say: "Hi Drew, its Mike from the real estate agency, did you like that house? Are you ready to buy it? Do you want to make an offer on it?". More About: Estate , Real Estate , Agents , Real , Make
What is the real asking price for a house
2008-05-18 06:23:00 Most vendors (sellers) hire agents to sell their homes and everyone knows that advertising costs a lot. What not many people know is, that vendors transfer that cost to the buyers. Yes, that?s true ? the asking price for the house is usually worked out this way ? whatever vendor is hoping to sell it ... More About: House , Price , Real , A House
Plan before buying a house
2008-05-14 06:23:00 When you are thinking about a budget for a house you?re going to buy, there are 2 main questions to think about. The first question is ?how much? and the second is ?when?. Basically what I am saying is not only the amount matters, but also the time frame - when you have to pay ... More About: House , Buying , A House , Plan
Buying a house sight unseen
2008-05-10 15:51:00 Some people claim that the right way to buy an investment property is without actually visiting and seeing it. Let me explain: they are afraid that seeing a house with your own eyes might influence your decision. When you do the research and learn everything you can about a house, that information is objective and the decision based on it would be logical. Once you have seen the house, your emotions can interfere with the logic. More About: House , Buying , A House , Sight
The truth about council property valuations
2008-04-24 14:52:00 I must admit, reading this article about council property valuations totally shocked me. Apparently anyone who thinks that the local council valuates every single property in their area is wrong. I knew that council?s valuations are made once every two years (and therefore the numbers won?t stay accurate for much longer) but had no idea ... More About: Truth , Property , Council , The Truth
Why termite inspection is a must
2008-04-12 11:57:00 Statistically speaking, termites are the third thing people fear the most after rising damp and cracking. To understand what the fuss is all about I did some research about them and found pretty interesting things.
Renovation costs
2008-04-05 05:20:00 Renovation costs are one of the main things you must consider before buying a house. So I was doing my “homework”, trying to calculate how much renovation would cost me for a house I was thinking of purchasing. I was having a pretty hard time there, because there is no calculator or any other tool that lets you do the ... More About: Renovation , Costs
Costs of demolishing a house
2008-03-23 10:20:00 Before I started looking into demolishing a house, I didn?t realize all the costs that were involved. The only information I could find online was this article in realestate.com.au that explains in general about house demolition. More About: House , A House , Costs
Buying a house? Choose the right suburb!
2008-03-15 14:17:00 Investors or homebuyers, we all would love to see our property going up in price. So why leave that up to chance, if we can have a say in this? Choosing the right suburb can make all the difference, if done wisely. More About: House , Buying , A House , Choose
Live house auction ? have a look
2008-03-01 01:43:00 Many people have told me they find auctions stressing and intimidating. But let?s face it ? more houses are sold now on auctions compared to private sales, so limiting yourself and passing on auctioned properties just because you are scared of the process is not a good idea. More About: House , Auction , Live
What building inspection reports DON?T cover
2008-02-23 00:17:00 Getting building inspection reports is a very important stage in the process of buying a house. Sometimes people decide to skip those reports for many reasons such as time pressure, the high cost, couldn?t be bothered, etc. They are really playing with fire, because if later on it turns out that house has a problem ? it?s their problem. More About: Building , Cover
Appraisal and valuation: the huge difference
2008-02-17 05:12:00 If you look up appraisal and valuation in the dictionary, they will come up as synonyms, but there is a huge difference between those words when it comes to real estate. More About: Huge , Difference , Valuation
Building a house from concrete blocks
2008-02-09 03:05:00 Speaking of concrete houses, I was under impression that ZEGO offers a unique solution - but actually that they have many competitors: More About: House , Building , A House , Blocks , Concrete
Expenses you must know about when buying a house
2008-02-02 05:46:00 When people are planning to buy a house, the first thing they think of is ?do I have enough money for a deposit??. But the expenses of buying a house don?t end there ? in fact, there are many more costs people must know about in advance, so they would have a chance to save enough money. Here?s a list that covers most of the house-buying expenses: More About: House , Buying , A House , Expenses
Solicitors and conveyancers ? what?s the difference
2008-01-26 03:45:00 I used to think those two terms (solicitor and conveyancer) mean the same, but they really are quite different. The difference is in what those lawyers can and can not do and even in what they charge you for their services. More About: Difference
Mortgage broker ? a great help when shopping for a loan
2008-01-19 01:12:00 When I saw how many lenders and mortgages are available these days, to be honest I freaked out. How on Earth do I start to compare hundreds of different mortgages, each with its own interest rate, length, fees, conditions, etc? Sometimes it just feels like too much... More About: Shopping , Great , Loan , Mortgage , Broker
Build your own house fast
2008-01-10 04:56:00 I have found another option that falls somewhere in-between building your own house and choosing a pre-fabricated one. On the one hand you can design the house any way you like, and on the other hand you can still build it quickly as if it was pre-made and only had to be assembled. As the matter of fact it looks a lot like LEGO. More About: House , Fast , Build
What?s cheaper than building your own house
2007-12-26 13:21:00 If you are on a tightest budget and even building your own house is too much for your pocket, there is another way. You can buy a block of land and relocate someone else?s house ? how?s that for an idea? More About: House , Building
Home owner?s expenses
2007-12-19 08:55:00 Many of us don?t know, forget or do not think about the expenses that come with owning a house, yet they can add up. I decided to list most of them (everything I could think of) as a reminder of what?s involved in owning a house. More About: Home , Expenses , Owner
Build your own house
2007-12-05 06:48:00 The housing affordability (which is really closed to none these days) got me thinking ? there must be a way out. So I can not afford to buy a reasonably sized house in the inner city suburbs, but does it mean that I am doomed to renting? More About: House , Build
What is the real property value?
2007-10-10 03:35:00 Every 2 - 3 years every council evaluates all the properties in its area. There are 3 ways of valuating a property: using Site Value, Capital Improved Value or Net Annual Value. Site Value means just land value; Capital Improved Value means value of both the house and the land. Net Annual Value is a bit different ... More About: Property , Real , Prop , Pert , Rope
Council rates explained
2007-10-03 10:15:00 For quite a while I thought that council rates are the land tax, but it?s not so... More About: Council , Rates , Laine
How high will my mortgage repayments be?
2007-09-24 07:43:00 Another useful piece of information I found in the Census 2006 is the mortgage repayments statistics. Basically it tells us what we should expect to be paying on monthly bases. More About: Mortgage , High , How High , Mort
What are my chances to own a house?
2007-09-15 07:37:00 Sometimes it really helps to see ?the big picture? to understand better where you fit in. Recently the Australian Bureau of Statistics released Census 2006 data and, believe it or not, if you take time to really look at it - some very interesting things surface. More About: House , A House , Chances , Chan
Real estate squares - what are they and how big they are?
2007-09-03 11:52:00 Very often we see property size advertised in ?squares?. For a long time I had no idea what those squares were. After a bit of research, I have found an explanation - here is the "magic" formula: More About: Estate , Real Estate , Real , Ares , Square
What kind of house can I afford?
More articles from this author:2007-08-25 07:38:00 After the latest interest rates raise everybody are talking even more about affordability crisis. The builders say that people who don?t already own a house (which they can sell) simply can not buy a house. ?First home buyers just aren?t buying?, they say. More About: House 1, 2 |
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