Browse Forums Real Estate Re: Real estate agent valuations… 22Jul 12, 2010 7:15 pm bel Wow Dadandsue that report does look great. I don't understand though - I thought that was the info R/E Agents has access to? Real Estate Agents DONT want you to have access to it, but it is public information. For $99 access if you are buying knowing what the people paid and what every other property sold for can make sure you never pay too much. On the Gold Coast new apartments that sell for $600,000 often sell for $500,000 or less after 2-3 years. Overseas investors often pay way over market price. Knowing the prices that other bargain hunters have paid puts you in a great position and of course agents hate you having that information. Re: Real estate agent valuations… 23Jul 12, 2010 8:21 pm dadandsue bel Wow Dadandsue that report does look great. I don't understand though - I thought that was the info R/E Agents has access to? Real Estate Agents DONT want you to have access to it, but it is public information. For $99 access if you are buying knowing what the people paid and what every other property sold for can make sure you never pay too much. On the Gold Coast new apartments that sell for $600,000 often sell for $500,000 or less after 2-3 years. Overseas investors often pay way over market price. Knowing the prices that other bargain hunters have paid puts you in a great position and of course agents hate you having that information. As dadandsue stated, it's available to anyone who wants to buy it. Agents pay monthly subsciption fees to access information from various sites. RP Data is very popular with agents and they usually use their own state's Real Estate Institutes websites/databases as well as speaking to other reps if they need to. I don't think agents really care much if you access this info as it's available on realestate.com.au (as long as the agent puts in the sold price). It looks like the problem you're going to have is finding something to compare your apartment to. Generally, it's only a 6 month history that is used by agents, 12 if there isn't a lot of history. So many factors change and they need to base the market value on what they would expect a buyer to pay for it. Rates going up has affected the market nationally, so people may not pay the same today as they would have 6 months ago. Oceanic with Nautilus upgrades. Handover 8 September 2010 Re: Real estate agent valuations… 25Jul 13, 2010 11:34 am Thanks dadandsue. I hope you don’t think I’m rude in my other posts, but as you can see, from the list of sales in those suburbs in my postcode, they’re just not relevant because none of them are for MY actual suburb. It doesn’t show up on its own, and is most likely lumped in with Surfers Paradise, which just completely skews it. It’s nothing like Surfers Paradise! It’s not a tourist area, there aren’t even any high rise buildings here and such. So…yeah. The other report looks good though. I’m just hesitant to pay $99 if there would only be a few sales in my area that are relevant, you know? That’s still my reservation. Cause it’s such a small area, things tend to take ages to sell so you don’t get many on the market…over the last year there may only be 10 sales for properties similar to mine. If you group my area in with Surfers Paradise, there’d be heaps of comparable apartment blocks, but again, the area isn’t the same as here. The feral-ness of this area drags the prices down, but the “exclusive”-ness and rich waterfront houses sort of go some way to compensating for that…sort of. How the hell did I become a senior member!? I know nothing! Re: Real estate agent valuations… 26Jul 13, 2010 12:04 pm Yep totally get what you are say Grace, the posho islands (!) up there can't really be lumped in with the riff raff areas, although you share postcodes. I'd still be inclined to get an agent out, and see what they say Oh the other thing I thought of - would you be better waiting for the warmer weather? Do you get interstaters looking for a seachange - and does it happen more in the summer months? Bel Still not in. Don't ask!? Re: Real estate agent valuations… 28Jul 13, 2010 4:17 pm Dadandsue, I'm on Chevron Island. It's not even recognised as a separate suburb by many places...my bank and Telstra for instance, always put it as Surfers Paradise, but in terms of real estate, it's different, you know? Bel, oh yeah, we're definitely getting agents out! After this one on Monday, we're gonna get another 2 and see what they say and how they compare to each other. And yep, we wouldn't sell now. Everyone's saying it's really quiet, and it is. SO quiet. Hardly any new properties coming onto the market (annoyingly for us!!) and those that are tend to be reduced quickly and not really selling. There's just not much action right now. But that's ok. We're just researching now... How the hell did I become a senior member!? I know nothing! Re: Real estate agent valuations… 29Jul 20, 2010 11:46 am Well, we had our first valuation yesterday afternoon. Harcourts were the agents, and they seemed very nice. They left an info pack at our door the day before and then were right on time on the day. 2 of them were there, not just the guy we expected who we’d arranged it with and met with previously at another open house inspection. Anyway, so they wandered through, said they thought it was a really good property, good size, good quality, one of them said it was “gorgeous” which was nice! Lol. They said it IS somewhat cluttered, but except for one particular room (the smaller bedroom which we use as a completely over-crowded study), it probably wouldn’t be enough of an issue to worry about removing stuff…but we’re still looking into the cost of small storage units. We simply don’t have anywhere else to store stuff like that. Don’t know anyone with any room or a spare garage, heheh. Anyway, so they had a little folder thing of info for us to look at, and they said the price range for similar properties around the area is between $350,000 and $380,000 (for places not on the “best” street around the area which has some water views), and they said we could realistically ask about $379,000 and most likely get $369,000 and upwards for it. And NOT have it sitting on the market forever, which is good. They said they would like to work with us…does this mean they think they actually can sell our place fairly easily, or do they just say this to everyone? Cause way back when we were still renting and our landlord was selling that place (through Ray White), the agent said they’d sell it in a week. We were like, I DON’T THINK SO! Cause it had been on the market on and off for AGES and the landlord was resistant to fixing up anything in the property and also advertising anywhere. And of course, it never sold and is STILL for sale. They had open house inspections every weekend, much to our annoyance and inconvenience, and most of the time nobody even came. So we’re wary. Obviously we’d advertise properly, but we just don’t want it to sit forever on the market. Once we decide to definitely sell, we want to SELL. How the hell did I become a senior member!? I know nothing! Re: Real estate agent valuations… 30Jul 20, 2010 11:52 am Duplicate post How the hell did I become a senior member!? I know nothing! Re: Real estate agent valuations… 31Jul 20, 2010 11:55 am I'd go with a range - say $360-$380 (or if wide ranges really bug you, then go $370-$380 or $370-$375). and yes, the commission comes off your profit (or at least it does here in Victoria). The way it works here is that the commission (which is usually around 2%) is paid out of the deposit money, as is any advertising etc fees. You then get given the balance. Re: Real estate agent valuations… 32Jul 20, 2010 2:30 pm That's great news Grace! grace_slick Anyway, so they wandered through, said they thought it was a really good property, good size, good quality, one of them said it was “gorgeous” which was nice! Lol. Yes nice - but trying to butter you up!!!! grace_slick They said it IS somewhat cluttered, but except for one particular room (the smaller bedroom which we use as a completely over-crowded study), it probably wouldn’t be enough of an issue to worry about removing stuff…but we’re still looking into the cost of small storage units. We simply don’t have anywhere else to store stuff like that. Don’t know anyone with any room or a spare garage, heheh. I'd still try to get the clutter out - imho your home will just present better When we sold our last place, all 3 kids were born, so we rented a storage place, and got everything out expect beds and a toy box each. We also got rid of "big" furniture - bookshelves that took up room etc as we knew we could live without for a couple of months. If it didn't have a home out of sight - it was gone! grace_slick Anyway, so they had a little folder thing of info for us to look at, and they said the price range for similar properties around the area is between $350,000 and $380,000 (for places not on the “best” street around the area which has some water views), and they said we could realistically ask about $379,000 and most likely get $369,000 and upwards for it. And NOT have it sitting on the market forever, which is good. They said they would like to work with us…does this mean they think they actually can sell our place fairly easily, or do they just say this to everyone? Cause way back when we were still renting and our landlord was selling that place (through Ray White), the agent said they’d sell it in a week. We were like, I DON’T THINK SO! Cause it had been on the market on and off for AGES and the landlord was resistant to fixing up anything in the property and also advertising anywhere. And of course, it never sold and is STILL for sale. They had open house inspections every weekend, much to our annoyance and inconvenience, and most of the time nobody even came. So we’re wary. Obviously we’d advertise properly, but we just don’t want it to sit forever on the market. Once we decide to definitely sell, we want to SELL. Sounds like you were right with your estimates. That much feel good hey? They said they want to work with you, as they want the listing - your business. Doesn't mean they can sell it easily, just that they want the chance, and don't want you to go to the next agent iykwim. There are no guarantees - they need the right buyer to come along at the time you have it on the market - could take a week, could take 3 months. Glad you have started the selling journey Grace Still not in. Don't ask!? Re: Real estate agent valuations… 33Jul 20, 2010 2:49 pm Me too. It’s kinda scary though…cause you know how it feels when you’ve been unhappy in a situation and then there’s suddenly a light at the end of the tunnel (albeit a stressful light), and then suddenly your relief enables your fear of the unknown? Lol. Anyway…yes, I’ve sent enquiry emails to 4 storage places asking for a vague quote for a small storage thingo. So we’ll see what they say. We’re waiting on another emailed valuation to come through from another agent. Then we’ll get another walk-through one at some point in the not too distant future. We’d be happy if our place only took 3 months to sell! 3 months is fine. 6 months isn’t. (I just accidentally typed “moths”, which is actually quite right. There WOULD be moths if it took that long. Moths in all our stuff stuck in storage, and moths in our long beards that had grown over the loooong time it had taken us to sell. LOL) How the hell did I become a senior member!? I know nothing! Re: Real estate agent valuations… 34Jul 20, 2010 7:14 pm Hi Grace. I have access to RP.data. I tried looking up Chevron island and many of the streets but nothing comes up. Is it called another place? I'm happy to get you any info you need. Is there a way on this forum to send private messages? Re: Real estate agent valuations… 36Jul 20, 2010 8:09 pm Thank you SO much, travelbug, that's so nice of you!! Yep, just click the PM thingo. Chevron Island is generally lumped in with Surfers Paradise and isn't recognised as its own suburb. I'll PM you in a sec the street name if you don't mind. And also perhaps the street names of the suburb we want to buy in. WOO HOO! How the hell did I become a senior member!? I know nothing! Before you rip it up, if you can in the grout lines, drill some holes and pour/inject techgrip by sika. I have used it to bond mdf to timber, but in the process it dripped… 1 2994 Not much in this responce. My suggestion is, what are you looking to build and why. This will all be impacted by the local councils planning scheme. Familiarise yourself… 6 4948 |