Home » Blog
Category Archives: Blog
the video will either come in and say you bellrealtyinnerwest know what I want to do my own research I don’t care about any of your information they’re going to give me which is really rarely able to happen sometimes they’re completed or you which I’ve has happened to me all you do is you treat another valuation.
You see each lender has a panel value is it could be two or three that they use in the same area so you want to trigger two or three valuations in order to get a favorable valuation though it might cost you $200 per valuation or 250 up to $300 but you know what that’s the best money ever going to spend think about.
What is the most appropriate way of conducting a valuation on the property of a person?
It you’re bellrealtyinnerwest creating a hundred grand worth of equity in the townhouse without even doing a renovation for 300 bucks are you kidding me that’s the best return on your money ever you tell me something else that for $300 we can create $100,000 in equity.
You can draw out immediately to use for other invest investing endeavors and you still hold the asset have the property revalued using a good panel value and then basically you show the value of the relevant market research.
That you’ve obtained and provide European what the property could be worth don’t be scared to say the price say look I think that this challenge with 950 here’s five other sales of salt for 950 this is what I think the prop is worth don’t be afraid to save it to a very well you know the more 950 here.
He is and the more 950 GC is written down the bellrealtyinnerwest letters from agents subconsciously he’ll start thinking about the 950 figure okay make sure that you’re always doing here is you’re making the job of the value of super.
Simple and you’ve backed up your research you’re not trying to the value of the comparables have to be real guys don’t if you’ve got a three-bedroom house or three-bedroom townhouse don’t compare them to 4-bedroom houses okay
The stuff that sydney property valuations we can easily measure ifwe look at shopping malls office spaceslarge warehouses stuff like that you
sydney property valuations know prices are trading .
- At very veryhigh levels and on very modest yields inmany cases and commercial property hashad a huge run over the last couple ofyears we’ve seen massive gains in termsof .
- The actual capital values there so ifyou were actually you know holding a lotof commercial property a couple of yearsago you’ve done very well as you.
- Wouldhave in a lot of residential areas iguess as well but certainly there’s noyou know it’s not where you want to belooking right now for very very highsafe yield.
- i mean if you can find it ini guess out of the box places and stuffthat other people have had troublefinancing or the stuff that’s too smallfor institutional interest .
Then theremay be you know it may be a differentstory but if we look at it again just interms of comparing asset classes and tocompare valuations and certainly you .
Know commercial property is not exactlyofferinga very very you know cheap optionsomething else I want to quickly touchon as well as that you know.
While peopleare often you know they get scared awayby the concept that you know assets aretrading at all-time highs you know thatactually is the norm if.
We look at say ahundred year scale then you know assetprices typically go up over time rightand for them to go up over time theyhave to keep trading higher and higherand so as.
They trade higher and higheryou know they’re going to sit onall-time highs and yeah the media isgoing to go.
Well you know things moreexpensive than they’ve ever been and youknow all the scared people will stayscared and they’ll say oh you shouldn’tbuy now .
Things are as expensive as I’veever been but then when something is youknow going down and value they say ohwell you couldn’t buy now if you knowthings are going to get.
Worse so youknow it really comes down to yourperspective I think or with this is prime real estate and author of Australian
Has just signed commercial property valuers Sydney the paperwork on her third investmentproperty on the outskirts of Melbournestarted my third investment propertyjust sign the paperwork for it.
She nowowes the bank more than a milliondollars and I’m not really goodwith math all in my head but I’ve justover what one point to something likethat was.
That sound about rightaltogether yeah I’ll go downstairs we’reback in the sake of it thank you thankyou for your hard work i reallyappreciate april like Karen and WayneLiz Moss isn’t.
A big earner I don’treally want to just buy property for thesake of it I have to and the only reasonI’m putting everything into propertybecause it really is the only way for meto set something out for.
My future I’veworked in commission sales a lot and soI don’t have a lot of superannuationunless I have some sort of assets behindme by the time I retire.
I’m not going tohave anything just absolutely nothing tolive on because obviously pensions aregoing and all that sort of thingsalesman Bruce Lewis says out here he’sin undated.
with buyers buyers who heknows are stretching themselves to thelimit a lot of people will come in andgo the bank will give us this much andas a sales person.
I probably should saythat thanks very much but generally whatyou find yourself doing is going youshould maybe downsize allow for therainy day you know .