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Will your home pass the test?

Web_01Real estate mogul Barbara Corcoran recently said at a real estate conference that it takes a buyer, entering the first room of the house, only 8 seconds to get an impression of the home.  There is really no room for error with an 8 second time span and it hits home how important styling and presentation really is.

Thinking of selling? How about doing the 8 second test on your own home. Is the first thing you see when entering your home a Brady Bunch gallery of family portraits? Is this what you are selling or are you selling the light, bright and spacious entrance foyer which you cannot see because all you are focused on is the faces staring back at you?

Web_11After you have done the 8 second test, go outside and get in your car. Drive around the block and then pull up out the front of your house. How’s the 8 second rule from the street? Some buyers will see your property advertised and then do a drive-by, will these buyers come back for an inspection? Or will they see the overflowing gutters and think too many trees equals too much maintenance?

Web_10Then maybe invite some friends over to do the 8 second test.

Did your property pass the 8 second test? Give Beach & Bay a call so we can provide you with a market appraisal and connect you with our network of stylists, cleaners, handymen and women who will ensure your home is presented to perfection and the maximum sale price is achieved.

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Get market ready and sell your property fast!

lounge-webThe right agent and perfect presentation of your property sets the scene for a successful, stress free, financially rewarding sale in record time.

So, you have chosen Beach & Bay Realty and now here are some quick tips from Yellow House Interiors to assist in making your property market ready:

1. Clean and sparkle
Make your property look polished and cleaned to perfection. Pay attention to details like skirting boards, light fittings, windows and walls. Giving your property an all over thorough clean will be an essential step in creating a property that people want to buy.

2. Colour correction
Keep wild and wacky tones to a minimum and stick a neutral and subdued colour palette. Don’t forget that you want to appeal to a great variety of people and create a feeling of space in the property. A fresh coat of paint can change almost everything!

3. Family photos, be gone!
Store and remove all personal objects and photos. Keep in mind that your property needs to attract buyers that want to move in NOW. Keep the styling fresh, simple and not over complicated.

4. Replace carpets
Old carpet can be a huge turn-off. To achieve a higher selling price it’s worth replacing tired old carpet with new carpet in a contemporary hue that works with your paint colour and furnishings.

5. Hire furniture and accessories
You can put this together yourself but if you really want to get the top dollars for your property then call in the professionals! Replace furniture and accessories with specifically chosen items that complement the property and aim to to make the property look it’s very best ready for sale.

6. Quick fixes
Look at your property with fresh eyes. All of the small jobs that you’ve been putting off for so long need your attention before your property goes on the market. Make a list and get them done, you will be thanked for your hard work with interest from the market.

Yellow House Interiors can help you with all of your styling and decorating needs. Achieving the highest price possible for your property through beautiful styling and advice is what we do best! For more information go to www.yellowhouseinteriors.com.au.

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Selling Season vs Silly Season

At this time of year buyers have one foot already in the pool, winding down for the Christmas and New Year holidays so it is a seriously committed buyer who attends open houses in the weeks prior to Christmas day.

Image from sellmycastle.com.au

Image from sellmycastle.com.au

There are also Christmas parties to attend, hangovers to recover from and Christmas shopping to be done, all leading to a drop in open house attendance in December.

This year most solicitors are trying to wrap things up for Friday 19th December so this weekend is an important auction weekend.

If you are planning on selling in early 2015 remove any Christmas decorations from the house prior to photos being taken otherwise buyers will think you have been on the market longer than you have.

January is usually a quieter month for real estate but sellers have less competition and there are still buyers around. With less properties for sale in 2014 there might be still a committed group of buyers looking for a home in January 2015.

Image from realestate.com.au

Image from realestate.com.au

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Spring Selling 2014 Begins

10559905_816347761730745_4324784745026281604_nIn just a few days we will be in Spring, traditionally one of the most popular periods for those thinking of selling to take the plunge.

August was the wettest month in 16 years but September is supposed to be dry with above average temperatures. This should see a noticeable increase in the amount of properties for sale.

IMG_0928Talk to any agent about the conditions of winter 2014 in the real estate market in Sydney and they will tell you that it was characterised by very few properties for sale and lots of buyers, creating a climate where competition amongst buyers was fierce and days on market very few.

Beach & Bay Realty averaged 2 week sales campaigns throughout winter. While we enjoy fast, above vendor expectation sale prices, we also enjoy having more properties to sell!

If you are thinking of making a move please give us a call now so we can have you on the market in just a few short weeks!

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The Block Sicily

Gangi-in-Sicily_DA_2998601bOn the other side of the world in a picturesque Sicilian village, the council are selling off homes for less than the price of your morning coffee!

Sounds crazy? It is! The village has put up with years and years of overall decline and neglect and are now looking to revamp their town by selling off vacant homes, for just one euro each! This equates to about $1.43, amazing!

So, where’s the catch?! The bargains come with a few conditions, but nothing too damaging…

  • Buyers must pay a $7,000 (approx) guarantee to the local council promising that they will renovate the properties. The money will be redeemed once the homes are restored.
  • The houses must be restored within 5 years and considering that most of them are either derelict or barely standing, the cost of the renovation will be around $50,000.
  • As per usual, legal costs are always involved, so this will set you back around $8,500 per property

Gangi2_2999115cOnce you’ve taken care of these conditions, you’ll have yourself a brand new historic home in Gangi!

The council tried this idea a few years ago but with a lack of English-speaking councillors, it wasn’t very successful. Now the village are looking for foreigners to give the village new life!

Unlike Cronulla, the village is not near the coast, but it is a lovely, small medieval town surrounded by the mountains and friendly people!

Ready to invest, renovate and relocate? Enquire here today!

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Yellow House Interiors

BedroomThe holidays have finished and the property market is heating up. If you are thinking of selling then now is a great time to get started.

First impressions count and styling your property for sale can be an important and lucrative advantage. At Yellow House Interiors we want to make your property stand out from the crowd and help you maximise your sale price.

Investing time into the look and feel of your property before sale can result in increased market exposure, a quicker sale time and the most important thing a substantially higher selling price!

Yellow House Interiors will transform your property using exceptional pieces of furniture and accessories, helping you create a unique and beautiful interior/exterior for your target market.

Get in touch now and we’ll do the rest!

Kathryn Bloomer
Yellow House Interiors
Phone: 0412 579 330
www.yellowhouseinteriors.com.au

Yellow House Interiors

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Who sells their property in winter?

Smart people do!
Well at least this winter, if you do decide to sell, you would be considered a savvy vendor.

Winter weather has been relatively mild with few rain days, so most properties are still very presentable. Traditionally people wait till Spring, but I stress traditionally because now it’s not just the weather that affects the sale price.I would argue that supply and demand is one of the major influences on property prices. In recent months in the Sutherland Shire and across Sydney open house numbers have dramatically increased, days on the market have significantly reduced and prices are on the up, up, up!

If you are thinking of selling, I ask you this question, do you think you will get a better price in spring when you could be competing with lots of properties in a similar price range but the flowers are blooming in your yard? Or do you think you will get a better price in winter, when there are just a few similar houses on the market and an abundance of buyers clammering for the same home, your home?!

And just to throw a spanner in the works this spring, we have a federal election. Every time there is an election, the few weeks either side of that date, (for whatever reason) buyer activity drops off.

No year is ever the same with economic and political circumstances affecting the supply and demand of the real estate market, but this year, most agents are seeing a shortage of good properties to sell and very competitive bidding from buyers.

HSBC this week dropped their 2 year fixed rate to 4.59%! Who would have thought a fixed rate under 5% was possible even 12 months ago! It is now cheaper to have a mortgage than pay rent for a lot of people in a lot of suburbs in Sydney. This will only encourage more buyers into the market this winter.

So if you are considering making a move this year, I would encourage you to do it right now!

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Open House Tips

Are you in the midst of a marketing campaign and struggling with the cleaning ritual involved with having your property spic and span every open house?

Here are some tips:

  • Have your window cleaner on call
  • Buy out the shelves of spray and wipe multipurpose wipes (if you have time to be environmentally friendly, kitchen and bathroom e-clothes and Enjo products are fab)
  • Make friends with your local florist, you will be buying flowers every week
  • Remember the washing machine, dishwasher, fridge and dryer are all good places to store things or even the boot of your car for last minute clutter
  • You can also have a shower the night before and clean the shower, skip your morning walk (no time anyway) and then skip the shower the morning of the open?!

Eat out, you won’t have time to clean the kitchen and you don’t want garlic infused leftovers permeating out of the fridge, plus the fridge will be filled with items you need to hide at the last minute.

Just think – you are living in a soon to be someone else’s home, divorce yourself of saying “my home” and think of yourself as a cleaner of a hotel… and if you can avoid sleeping in the bed even better, because re-arranging the pillows, cushions and remaking the bed every day is a drag.

Good luck and happy selling!

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Onerous NSW Stamp Duty

When I purchased my first block of land for $12,000 back in the seventies, stamp duty was not a major consideration in absolute dollars. As time went on however, the house my wife and I first built wasn’t quite right, especially with an expanding and growing family. At each stage that we considered a new extension we tossed up whether we should just relocate, but each time stamp duty weighed heavily against us moving.

Job mobility was always another problem. If you lose your job in Sydney, chances are you can get another one and not have to move. However, if you should move because your new job is 2 hours driving away (one of those unfortunate squinters that travel towards the sun in the morning and again in the evening), how much of a deterrent is stamp duty? I believe it is huge. Tuesday’s SMH reminded me of this and other considerations which make NSW stamp duty so onerous and why it stops people moving out west or interstate where the jobs are.

Apparently the new Federal Treasurer agrees. Even the Henry Tax Review stated that “really there is no place for stamp duty in a modern tax system”.
How much easier would it be to sell houses if buyers did not have to pay stamp duty? How much easier would it be to fill the new Greenhills Beach estate in our Shire if stamp duty was not a factor in the equation when weighing whether to stay put and suffer a house which is a compromise, or buy a block of land and put your dream house on it?

Let’s hope the State government sees the sense too, rather than allow 19 storey high rise apartments to be built next to 100 year old beautiful terraces in Erskineville, within a kilometre of where a company has a permit to drill for CSG (coal seam gas).

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