Real Estate Tips And Secrets

The Block 2012 Dissected

by admin on July 2, 2012

The Block 2012What Really Happened On The Block 2012

It was good entertainment but what really happened on The Block 2012

Lets take a look.

The 4 properties were bought by Channel 9 for $3,025,000.

That equals $756,250 each property.

Lets say the renovation on each is estimated to cost $500,000 in the real world. That’s a cost price per house of $1,256,000 aprox.

Add marketing and agency fees and stamp duty, and each owners cost is above $1.3 million.

The reserves $900K’s?

Did Channel 9 have any influence over the reserve?

Who cares? It was good tv.

Point being, an owner in the Real World would probable have lost money on the deal if they bought renovated and sold.

Ok I’m being a party pooper…The block 2012 Final was good TV…but what about the t-shirt guy?

The t-shirt guy was the new CEO of ************(I’m not naming the company but no prize for guessing).

There is a lot of debate over the companies involvement in a property acquisition when they are allegedly in administration.

But full credit to him. Smart man. National coverage on prime time TV and throwing in attention seeking bids. Twitter was going nuts with the tshirt mans company. That is very, very valuable advertising space.

There was over 4 million viewers alone. Not to mention social media going nuts.

I hope his cheque doesn’t bounce.

Anyway, if you have been on planet Mars and missed the result.

And the winner is:

Winners The Block 2012 Brad and Lara

And for those willing to take a punt. here is an extract from a property forum about renovating in 2012. I think the tide has turned and we are in for some good Real Estate times:

” By Patrick Bright, Thursday, 05 January 2012

The secret to renovating for profit is in selecting the right property, conducting thorough research and having a good plan. It is important that the type of renovation projects you attempt is in line with your level of knowledge, skills and tradespeople contacts. There are literally hundreds of improvements, big and small, that you could do to increase the value of their property. By using some common sense I believe most people can handle a basic rejuvenation without too many dramas. The trick is to add more value than the actual cost of the improvements. This is my seven-step plan to renovate properties for profit:

Step 1: Understand the renovation profit formula
In simple terms the renovation formula is: Your renovation profits margin equals the renovated value of the property minus the purchase price and total renovation costs. Once you understand the theory you’ll see where the profits lie. The formula is like the filter through which you view a property.

Step 2: Work out how much you can afford
You need to have enough saved to cover the three major costs of renovating: the cost of buying the property, the cost of renovating the property and the selling costs or the ongoing costs to hold the property.

Step 3: Target the right type of property
Match your risk profile to the right type of property. Before buying a property to renovate it is important to consider your risk profile carefully, including how comfortable you are with the possibility of losing money, or that the return on investment may not be as high as you had hoped for. If you’re new to property investing and/or you’ve never renovated a property before, I recommend you cut your teeth on a simple project. Start off with an apartment – it’s better to start small to minimise your risks.

Step 4: Market research and preparation
This involves identifying suburbs with the greatest profit potential, researching property values, brushing up on design and decorating, and selecting a team of quality tradespeople.

Step 5: Select the right property type
Look for a property with the maximum profit potential. Your first consideration here should be the condition of the property. Search for something rundown, but not totally derelict.

Step 6: Pay the right price
Work out the maximum you can afford to pay and still make a healthy profit. One of the fundamentals of renovating for profit is that you buy well. I always begin with the end in mind, by that I mean I work out what the post-renovated value will be, the costs to get it in that state, calculate the holding costs, decide on the amount of profit I want to make then I know my maximum purchase price.

Step 7: Get the work done on time and within your budget
Avoid profit-shrinking cost overruns and delays. Make sure you use a spread sheet to schedule the works. You need to ensure all the tradespeople do their work in the right sequence. Always add a buffer of a day or so around each tradesperson. This gives you wiggle room if there are delays. ”

If you are thinking of selling now might be the time to call me. Click here for a FREE Property CONSULTATION

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Exceeding Peoples Expectations

by admin on June 12, 2012

Exceeding Peoples Expectations In Real EstateWhat does Exceeding Peoples Expectations look like?

A taxi driver taught me a million dollar lesson in customer satisfaction and expectation a year ago in Sydney.
Motivational speakers charge thousands of dollars to impart his kind of training to corporate executives and staff. It cost me a $30 taxi ride.
I had arrived in Sydney for the sole purpose of calling on an important client.
Time was of the essence and my plan included a quick turnaround trip from and back to the airport.
A spotless Taxi pulled up.
The driver rushed to open the passenger door for me and made sure I was comfortably seated before he closed the door.
As he got in the driver’s seat, he mentioned that the neatly folded Daily Telegraph next to me was for my use.
He then showed me several tapes and asked me what type of music I would enjoy.
Well!  I looked around for a “Candid Camera!” Wouldn’t you? I could not believe the service I was receiving!
I took the opportunity to say, “Obviously you take great pride in your work. You must have a story to tell.”
“You bet,” he replied, “I used to be in the Corporate world. But I got tired of thinking my best would never be good enough.
I decided to find my niche in life where I could feel proud of being the best I could be.
I knew I would never be a rocket scientist, but I love driving cars, being of service and feeling like I have done a full day’s work and done it well.
I evaluate my personal assets and… wham! I became a Taxi driver.
One thing I know for sure, to be good in my business I could simply just meet the expectations of my passengers.
But, to be GREAT in my business, I have to EXCEED the customer’s expectations! I like both the sound and the return of being ‘great’ better than just getting by on ‘average’”

A taxi driver taught me a million dollar lesson in customer satisfaction and expectation. Motivational speakers charge thousands of dollars to impart his kind of training to corporate executives and staff. It cost me a $30 taxi ride.

Do you think I gave this guy more than it cost. You bet ya!

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What Does A Pushy Real Estate Agent Look Like?

There is nothing worse than a pushy Real Estate Agent.

But what defines a pushy Agent?

I guess it is like cleanliness.

Cleanliness is subjective. What is clean to one person, is extremely dirty to someone else. We all see life through our filters.

Your instincts will tell you if someone is being pushy.

I’m interested to hear your story of a pushy agent(no names, only stories).

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Real Estate Agent Tribute

by admin on October 13, 2011

Real Estate Is A Tough But Rewarding Industry

Being A Great Real Estate Agent Is More Than Hard Work And Great Systems

The Real Estate industry is a tough but rewarding industry. While people look to buy logically, they usually buy emotionally. In Real Estate Agents are dealing with an emotionally fueled industry. Higher and higher expectations from consumers means to be a great Real estate agent, not only do they need to have great systems, a solid work ethic and care about people but a deep desire to continue to grow as a person. As the quote from Emerson says “Who you are screams so load I can’t hear a word you’re saying”

Load And Clear To All The Real Estate Agents

To all the Real Estate Agents out there working tiresly to improve their business and themselves, well done and I hope you find this a little uplifting in your search for excellence, and pursuit of satisfaction through what you do so well.

This is not a dress rehearsal, but remember, no one ever talks about the extra sale they wish they made, an extra house they should have bought. In life, it all comes down to relationships. That’s it.

Real Estate Tough But Rewarding Industry

The Real Estate industry is a tough but rewarding industry. While people look to buy logically, they usually buy emotionally. In Real Estate Agents are dealing with an emotionally fueled industry. Higher and higher expectations from consumers means to be a great Real estate agent, not only do they need to have great systems, a solid work ethic and care about people but a deep desire to continue to grow as a person. As the quote from Emerson says “Who you are screams so load I can’t hear a word you’re saying”

Everyone Needs Motivation…But If You Get Motivation And An Idiot, All You Get Is A Motivated Idiot

To all the Real Estate Agents out there working tiresly to improve their business and themselves, well done and I hope you find this a little uplifting in your search for excellence, and pursuit of satisfaction through what you do so well.
This is not a dress rehearsal, but remember, no one ever talks about the extra sale they wish they made, an extra house they should have bought. In life, it all comes down to relationships.

That’s it.

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Cost Effective Port Stephens Marketing

by admin on January 18, 2011

Port Stephens Real Estate Marketing Need Not Be Expensive To Be Effective”

Marketing is about reach and frequency. Have a look at some properties I have marketed recently in the Nelson Bay and Port Stephens areas. If you are going to achieve a good Nelson Bay Real Estate price you need to add value to you property through marketing. Coke and Mc Donalds don’t market their products because they want anything other than a return on their investment.

Water is traditionally FREE yet through marketing people now pay for it. I have seen a direct correlation in the Nelson Bay Real Estate sales and high sale prices. many Nelson Bay Real estate Agents don’t understand the value of marketing. There are a number of dangerous mistakes you may make when marketing your property. These mistakes can kill any opportunity of getting a premium sale price. Always choose an agent who is great at Real estate marketing, even if you don’t want to spend any money on marketing.

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Well another year behind us and a new year ahead of us. What has your year been like? Do You realise there are more suicides at Christmas than any other time. Sad but true. That reminds me of a story “All the Time in the World
While at the park one day, a woman sat down next to a man on a bench near a playground. “That’s my son over there,” she said, pointing to a little boy in a red sweater who was gliding down the slide.
“He’s a fine looking boy,” the man said. “That’s my son on the swing in the blue sweater.”
Then, looking at his watch, he called to his son. “What do you say we go, Todd?” Todd pleaded, “Just five more minutes, Dad. Please? Just five more minutes.” The man nodded and Todd continued to swing to his heart’s content. Minutes passed and the father stood and called again to his son.
“Time to go now?” Again Todd pleaded, “Five more minutes, Dad. Just five more minutes.” The man smiled and said, “O.K.” “My, you certainly are a patient father,” the woman responded. The man smiled and then said, “My older son Tommy was killed by a drunk driver last year while he was riding his bike near here. I never spent much time with Tommy and now I’d give anything for just five more minutes with him. I’ve vowed not to make the same mistake with Todd. He thinks he has five more minutes to swing. The truth is, I get Five more minutes to watch him play.”

I love the quote you make a living by what you do and a life by what you give. The most precious gift you can give anyone is your time, your undivided attention and you genuine and sincere love. Now that may sound kind of “soppy” from a Real Estate Agent but I get back to the point about more people committing suicide at Christmas than any other time of year. Guess why? You guess correct, LONELINESS! There is no more of a lonely time than than when you have no family or don’t have close relationships with your family than Christmas. The upside is that you do have a choice. Pain is God’s way of saying something is wrong and if you feel this way you can either feel the pain of the thorns or start to smell the roses. I have put a great clip under neath as an executive summary to this message.

But what does all this have to do with Real Estate you may be asking? Good question! Why do you think people sell? Death, Divorce, Job Relocation, Upsizing, Downsizing, Broke etc. In Port Stephens I see all these situations and am usually dealing with not only the anxiety someone selling their home but the stress of change in their life. The people who make the best of selling or buying are the people who make the best decisions. I have seen patterns that prove there is a direct correlation between people who are proactive in their decision making and high sale prices and people who are reactive and lower sale prices. What’s the difference? Well that’s for another post but my message and point of this is this: focus on what is really important and you will find, that like water, everything finds its own level.

You see the sun has millions of kilowatts of energy, yet with a hat and sunscreen you can block it out yet a with only 12 kw of concentrated energy a laser beam is formed that can cut through a diamond. That is my Christmas message. Focus on what’s important to you and 2011 will bring you everything you deserve. This is Chris Hasson, have a great 2011

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Great Questions To Ask When Choosing Port Stephens Real Estate Agents

November 30, 2010

Top 10 Questions… 1) How long have you been working in this area? 2) What comparable homes have you sold in this area recently? 3) What is the state of the Port Stephens Real Estate market? 4) How long is it taking to sell well priced listings at the moment? 5) How much is my [...]

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