Hudson Bond Real Estate

Meet Anna and Larry…. If you are selling your property and interviewing agents, it’s worth knowing there are two kinds of real estate agents – Anna and Larry. That’s Anna Accurate and Larry the Liar. Larry’s pitch is often compelling. He promises big on the expected selling price, but offers little detail on process and delivery. Anna is earnest in her assessment on price, knowing that as the realtor, she controls the process not the price. Continue Reading: https://lnkd.in/gqD6Tk88

Exploding The Myth That Auctions Always Bring The Best Price. Auctioning a property to achieve the best possible price is a long held myth that does not hold up against reality. Whenever you have the fortunate situation of more than one buyer trying to buy your home, the worst thing the agent could do is disclose the competing offers to each of the interested buyers – which is exactly what happens at a public auction. Continue Reading: https://lnkd.in/ggunqysw

Neighbourhood Spotlight: A Closer Look at Templestowe. In Melbourne’s eastern suburbs, Templestowe offers a unique blend of spacious living, natural beauty, and modern conveniences. This neighbourhood spotlight showcases why Templestowe is an increasingly popular choice for those… Continue Reading: https://lnkd.in/gT2T6W-u

Rejecting the Right Offer. There is no worse feeling than knowing you have undersold a property. Sellers realise this after rejecting an offer, only to later accept a lower price. This can happen for various reasons, yet most commonly occurs because the best offer came early in the campaign. Sellers often assume that because marketing has just begun, offers are likely to increase. This is often not the case. Continue Reading: https://lnkd.in/e_V5gNF8

When does a modification become damage? And is it covered by insurance?. With the changing legislation comes questions about whether modifications made to the rental are considered ‘damage’ and whether a claim can be made on the landlord’s insurance. In most cases, the landlord needs to give permission (and usually cannot reasonably refuse) but, in other cases, no permission is needed… Continue Reading: https://lnkd.in/g9VEu9sd

Stamp duty cuts to boost housing market. In a significant move for the real estate market, the Victorian Government has introduced a new off-the-plan land transfer (stamp) duty savings, available from 21 October 2024 for a period of 12 months. This move is designed to stimulate development at a time when boosting housing supply could not be more critical. This can happen for various reasons, yet most commonly occurs because the best offer came early in the campaign. Sellers often assume that because marketing has just begun, offers are likely to increase. This is often not the case. Continue Reading: https://lnkd.in/gQsuGMcc

Signatory Beware. As the use of digital signatures has risen, the signatory applying the appropriate level of due diligence before signing has fallen. Like Amazons one button purchase makes retail spending ‘friction free’, digital signatures turn the once cumber- some legal documents, into a quick and effortless pro- cess for consumers and salespeople. Until something goes awry… Continue Reading: https://lnkd.in/gYq5Sydt

Median House Prices - June Quarter 2024. According to the REIV’s latest house data, the median house price in Metropolitan Melbourne remained almost unchanged for the September quarter, recording a median house price increase of just 0.1%, from $915,000 in the June quarter to $916,000 for the September quarter. Continue Reading: https://lnkd.in/ghsTR2rU

The 2024 Spring Market. The spring market is usually a season of peak sales volumes in the property market. Buyers are keen to secure a new abode in time for the next calendar year and vendors are keen to settle their affairs prior to Christmas. In normal market cycles, a buyer’s appetite for fresh stock is high as spring approaches, given stock levels are low over the preceding winter period. But this is not a normal cycle and persistently low clearance rates over winter, sets up an interesting 2022 spring market. Buyers and sellers will need to stay attuned to the market conditions week to week and how each real estate agency plays the market on behalf of their respective vendors. Continue Reading: https://lnkd.in/gwMGG3kd

Overpricing Your Property. Undoubtedly, there is a balancing act when pricing property. Buyers make many decisions around property. Plenty are rooted in facts, yet many are based on feelings and assumptions. Continue Reading: https://lnkd.in/gPS25WPZ