Archive for the ‘General’ Category
Sell your property privately with no agent and no commission through the private real estate sale and for sale by owner website Privatepoint.
The price of real estate in Australia is now beyond the reach of many young people looking to purchase their first house. This isn’t great for real estate for sale by owner or private house sales as first house owners make up a large portion of the buyers for real estate in Australia. However, there is hope as we are now seeing a trend emerge in real estate where young people are pooling their money together with friends and purchasing a property together to live in.
Young people are entering into what is know as a “tenants in common” contract, where they can divvy the mortgage and benefits of a property. They each have a certain share and when the property is sold each get their share of the sale price of the property.
Obviously this arrangement isn’t for everyone as not only are you making an investment with your friends but you are also living under the same roof as them on an ongoing basis. If things don’t work out then it isn’t a huge issue, as these contracts are designed so parties can leave the agreement without too much headache to all parties.
It is great to see that there are ways for young people to get a “foot in the door” in the real estate game in Australia.
Private house sales and for sale by owner ( FSBO) real estate property sale can be performed with no agent or no commission through the private real estate sale website Privatepoint.
If you are for sale by owner selling an apartment for private sale in a CBD location then don’t be surprised if you never get to meet the purchaser of your property. What is known as buying without viewing, is a trend which is starting to pick up speed in the way real estate is purchased across Australia. It refers to the situation where the property buyer of an investment property (usually units and apartments in the CBD) will search real estate across the internet and if a property ticks all the investment boxes they will purchase the property unseen and without ever meeting the real estate for sale by owner.
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Private real estate sale, for sale by owner ( FSBO ), DIY real estate sales and private property sales are now made easier through the private real estate website Privatepoint.
If you are conducting a no agent sale and selling your property privately then there is some hope that you will eventually succeed in your private real estate sale. The Housing Industry of Australia just released some findings that sales of new houses grew 6.7% in October, up on the previous months results.
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Privatepoint is the for sale by owner ( FSBO ) and DIY real estate sales website for private real estate sale in Australia.
It appears that executive rental apartments (real estate greater than around $800 pw) are increasingly becoming vacant and are sitting on the market vacant for extended periods of time. This isn’t good for real estate investors who have often paid premium dollar for these exclusive apartments in sort after suburbs of major cities across Australia.
To highlight this problem, I was down at a local real estate office yesterday in Bondi and noticed that 70% of their rental apartments displayed in their shop window were leased. Out of the 30% left, around 3/4 of the apartments available were priced over $800 pw. So cheaper apartments are moving quickly but expensive apartments are not.
Why is this? Because most of the tenants of these exclusive apartments are executives and obviously the economy is affecting the companies they work for and the salaries they are receiving. Is this a sign of a recession looming?
05.11.08 // Posted in Financial & Legal, General // 7 Comments »
Tags: executive apartments, for sale by owner, no agents sale, private house sales, private property sale, private real estate sale, real estate by owner, recession, rental vacancies, sell privately
Unlike private real estate sale websites, For Sale By Owner (FSBO) or Do-It-Yourself (DIY) private house sales websites, Privatepoint differentiates itself by being the first ever free private property sale system. As a property owner your property is advertised on Privatepoint and also a number of popular private real estate sale websites.
Our primary focus at Privatepoint is to make sure a property owner has their property listing in front of the greatest possible audience, improving their chances of finding a buyer. Traditional private real estate sales websites have a very limited audience affecting the success of for sale by owner sales. The reason is because property seekers are not aware of these private real estate sale websites and because these websites have a limited variety of real estate.
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Property prices in suburbs located on the fringe of capital cities are decreasing much faster than those suburbs closer to the CBD’s or public transport. Due to rising petrol prices the cost of getting from these isolated suburbs to work is now eating away at these household budgets.
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During Saturday 31st of May there will be maintenance performed on the Privatepoint website. It won’t effect the functionality of the site but it will upset some of the HTML meaning some pictures and text will look out of place. This is only short term and will be back to normal once the maintenance is complete.
Sorry for any inconvenience,
Privatepoint Team.
