The single most important due diligence prior to property purchase.
If you want to avoid making a bad Apartment purchase, you must take the time to read and understand the Strata Report. When it comes to doing due diligence prior to buying a Strata apartment, townhouse or Villa, the Strata report forms the starting point for understanding the maintenance and running of the building you’re looking to buy into.
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First, we need to understand the sun and how this has such a huge impact on how a house or apartment should be oriented to achieve a quality living space. For Sydneysiders living in this part of the world, our sun rises in the east and sets in the west. Add to this the knowledge that the sun tilts toward the north in winter, sitting lower in the sky, and moves high overhead in summer, and you soon understand that a northerly aspect will give you direct sun in winter and overhead sun in summer, ideal for year-round all-day sun.
The Risks of Downsizing: Loss of Wealth
Downsizing later in life can lead to a significant transfer of wealth—often to parties outside of the family. This scenario is all too common in cities like Sydney, where homeowners in their eighties may still reside in the family home, often widowed and struggling with upkeep. Adult children, busy with their own careers and families, may find the prospect of selling the family home daunting. Relocating an elderly parent is a challenging task that often encounters resistance. Sell/Rent/Buy – The only smart way to change homes in Sydney
Smart Real Estate buyers play smart games when changing properties and unless you have very deep pockets and the ability to sleep well regardless of what’s going on in your life, then you should too. Have you considered a property that can do both?
The six-year property capital gains tax exemption rule might just be the key to making your purchase a hybrid property. The Bank of Mum and Dad - Part Two Mitigating risk via Asset Selection and Establishing Timelines13/3/2024 In part one of the Bank of Mum and Dad we discussed the mechanics of using equity in the family home to assist your children in gaining a mortgage and entering the property market. If you missed Part one please review our blog posts “The bank of Mum and Dad” found on the MCS Buyers website.
This week, we’re going to explore the workings of the expression, “The Bank of Mum and Dad” to understand what it means, the potential positive advantages and red flag potential dangers in going down this path.
Warning: This article delves into the realities of purchasing your dream home in Sydney. Fear not, with the right approach, it might be more achievable than you think. In the business realm, the term “agile” is frequently employed to describe a philosophy that embraces change, adapting swiftly and with versatility. In a similar vein, today’s Sydney real estate buyers need to embody these principles, especially if they are entering the Sydney property market for the first time or striving to attain their dream home.
Like a kangaroo caught in the headlights of an oncoming car, many auction attendees experience a feeling of paralysis and are often caught off guard by auction proceedings.
In this fortnight’s MCS Buyers Newsletter, we explore ways of mitigating auction paralysis to ensure you navigate the experience from a position of confidence and knowledge. Welcome back to those who took some much-needed time out over the Christmas/New Year Summer holiday period. This period is usually slow for the Sydney Real Estate market as agents take a much-needed break, and Sydney buyers switch off for a few weeks of vacation.
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AuthorMalcolm Middleton. Principal - MCS Real Estate Buyers Advocate/ Sale Assist, Property Expert, Entrepreneur, Property Development Archives
November 2024
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