Many people unknowingly allow their bank to cross securitise properties while others have heard that it is a practice to be avoided at all costs. Whether it is good or bad will depend upon your individual situation. This segment is not intended to offer financial advice in relation to your individual circumstances. Cross securitisation or…
Authors: Brian McNicol and Muthu Pannirselvam Loan to Value Ratio is simply a way that the finance industry describes the amount you wish to borrow as a ratio to the percentage of the property’s lender assessed value or the lender’s valuation of the property. For example, if you were purchasing a $1million property and were…
Today, we want to have a look at Buying off the plan. This has been a popular strategy for many over the last decade or so but it is not without its dangers as some people are now finding out. So we will have a look at what is Buying Off the Plan, what…
Valuation Firstly, we should differentiate between a valuation and an appraisal. A valuation can only be prepared by a registered valuer whereas an appraisal can be done by a real estate agent. Financial institutions will always require a valuation to be undertaken. Banks want an independent and unbiased assessment of the property’s actual worth so…
Buying off the plan – What a buyer needs to know? We have discussed basics on buying off the plan in the previous article titled “Buying off the plan – Good, Bad and the Ugly. The next stage in which you can buy off the plan is when the building is under various stages of…
Buying off the Plan – Good, Bad and The Ugly Recent years (for at least over a decade), buying off the plan has been a strategy for many over the last decade or so but it is not without its dangers as some people are now finding out. To buy a property after viewing the…
Author: Brian McNicol What are the advantages of selling at auction for the vendor? Traditionally, there were certain properties that real estate agents recommended going to auction; properties that were unique and difficult to put a price on, properties with attractive features such as stunning views, waterfront locations. Today, most agents will recommend selling a…
Auctions are one of the three methods used to sell real estate, the other two being Private Sale and Tender or Expression of Interest. Auction is a public sale in which goods or properties are sold to the highest bidder. The price is neither set nor arrived at by negotiation but is arrived at…