What To Look For In The Perfect Real Estate Agent In Melbourne

A great real estate agent in Melbourne should make finding your new home a dream, however a bad experience can leave you not sure who you can trust. At bidRhino.com.au we know what makes a high calibre of real estate agent in Melbourne, so here are our tried and true tips which will help you in choosing a real estate agent.

Tips for choosing a real estate agent in Melbourne

Look at what their track record has been for the area you are buying or selling.

Your ideal real estate agent should have detailed knowledge of the area you are wanting to purchase in or sell. You can also ask your agent if they live locally, if so they should be able to give you some great information about the community.

Meet your potential agent in their working environment, not the office.

The sign of a good agent is one that spends very little time behind a desk. Ensure your agent understands your property and how long you want to list your property for, or what you are looking for in a property. Real estate agents have your future in their hands, and if they don’t understand what you want, you are sure to end up disappointed with the final result.

Ask your agent about what is their exact advertising strategy.

This is the way they will market a property you are selling. Some agents will have some wonderful and inexpensive strategies for ensuring your property is seen by more people, however some agents will charge you a fortune for doing so. Make sure your potential real estate agent is up front about all marketing and advertising costs. You should also discuss what is their strategy for obtaining the best price for your home

Visit their website, and also do your research by reading any reviews about your potential agent and the real estate agency they represent.

You should be looking for an agent who is web savvy, and they should have professional credentials and membership to the relevant local, state or national real estate institute. Ask yourself, does the agent also give you the honest impression that they have your best interests at heart? If there are any ill reviews or this agent won’t return your calls because they are too busy, feel confident in looking elsewhere for an agent that will give you the time of day.

Discuss their commission rate and what this will get you.

Some agents make promises which they don’t deliver on, yet will still expect their original commission. Also, make sure you understand exactly what you are getting for your fees. You shouldn’t feel bad about stipulating your own conditions, or negotiating commission and fees, as these are not regulated by law.

Remember, you can have more than one agent.

If your initial one is not getting you results, enlist the help of another and this will push them to work harder for your sale or purchase.

If finding a local real estate agent in Melbourne feels like too much trouble, speak with bidRhino.com.au We can help vendors who are looking to sell, work with one of our partner agents, or to do it themselves. With the bidRhino.com.au solution, you can easily expand your buyer pool, and bidRhino.com.au will make managing the transaction process easy, secure and transparent.

The bidRhino.com.au website and mobile platforms are state of the art, providing easy-to-navigate, secure, transparent and fair online transaction solutions. Whether you are buying, selling or leasing, we have all the tools which will allow you to manage your property with ease. The future of property transactions is here, so when you can’t find the Best Real Estate Agent in Melbourne, talk to the team at bidRhino.com.au

Purchase a Display Home For Your Next Investment

There are many reasons why affordable display homes for sale in Melbourne represent spectacular value for money, and a promising long term investment.

 

One of the biggest benefits that attract investors to display homes is the guaranteed rental return for a number of years and a relatively high rental return during this time. Specifically, 7 or 8% can be expected for up to 5 years. What happens is that a developer buys all the land, builds all the homes and sells them to the public. One of these homes will be selected as being a display home, usually right in the best position in the community. As a condition of purchase, the developer/builder rents the chosen house for several years so that it can be used as a display home to tour potential buyers around. The rental rate during this display time is much higher than you could expect from a general tenant. After the period has ended, you are free to rent it out as normal.

Importantly, display homes are all generally built to an immaculate standard. Developers can afford to buy higher quality fittings and the like because they are installed in bulk across an entire display village, while still being able to offer a very inexpensive result. The display home is also going to be the pick of the litter, and is all about presentation. After all, the one purpose of a display home is to provide a visual and tactile representation of what the buyer can expect. Developers are logically going to take extra care in providing a display that is perfect in every way to convince as many buyers as possible to make a purchase. Though this will differ between developers, the display home is visited multiples times per week and so is often professionally cleaned at least once a week or fortnight. This is why you can move in after five years and it feel entirely brand new.

You know that display homes have been professionally maintained to an excellent standard. Buying a brand new display home means that your purchase is brand new, and that there are going to be no nasty surprises left over from previous owners. It is such a relief to have the peace of mind that there will be no plumbing, electrical or structural issues in the foreseeable future.  Display homes are rented at commercial (higher) rates, but treated as a residential building for tax purposes. Furthermore, you can claim depreciation on your display home. The builder has a clear interest in maintaining the property to the highest possible standard, probably higher than you yourself would maintain it.

Some things to look out for when buying a display home are the terms of the contract. There is no fixed start or end date for the lifespan of a display village, so you will want to make certain that you are aware of exactly when the builder’s lease is going to end. It may end sooner than you thought, leaving you without that great commercial rate, or it may drag out longer than you expected, which is not ideal if you were planning to move in yourself. Also double check who has to pay the outgoings. Often it is the owner and not the tenant, and these can add up over time. A display home strives to be as comfortable and inviting as possible, meaning lights and air conditioning will be on constantly.

That being said, the pros vastly outweigh the several potential cons, which are more things to watch out for than real downsides. To browse the current Display Homes Available For Sale in Melbourne, visit Bid Rhino.