Things we talk about
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What’s News
- Our reno project is (finally) done and dusted
- What’s next: A small scale development or
another renovation project?
- Brisbane market is heating up
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Steps of analysing the property to determine pricing
- Comparable listings
- Comparable sales
- Things that can also have an impact – flood
location, proximity to other buildings
(e.g flats, car yard), back of battleaxe, main road
- Zoning of property and zoning of property around it
- Past sales history of the actual property
- Historical growth of the area since last sale
- How much do you want it?
How much competition is there for it.
- Getting bamboozled by the real estate agent
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Quick tip and action
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- Write out a checklist that you will go through
with each property you want to offer on
- If there is a property you’re interested in,
go through this exercise of due diligence
and come to a decision on your first offer
and your final offer.
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Great podcast! Super useful to both new and seasoned investors as sometimes its very easy to forget the basics.