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

{ 0 comments }

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!

{ 0 comments }

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).

{ 0 comments }

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.

{ 2 comments }


“What To Look For When Choosing A Port Stephens Real Estate Agent”

Port Stephens real estate agent quote of the day: “A goal properly set is a task half done” Franklin Rosevelt

There are four factors in addressing your first impressions when choosing a Port Stephens real estate agent to sell your property. As discussed in the video above, they are:

1. Did the real estate agent confirm the meeting on the day of the appointment. Real estate is a very busy industry and in order to get great results, you need great systems. An agent who does this, really values your time and his/her time. The chances are extremely high, if they do this they will most likely have excellent customer service systems for you and for buyers and that means more dollars in your pocket.

2. Did the real estate agent arrive on time. This is a real display of an organised, systemic, respectful professional. Don’t expect anything less. Of course, in real estate, it is often hard to measure how long you will be with a series of buyers at inspections with one house needing a full half an hour and the next being 5 mins, purely based on the  a buyers interest in the houses they are viewing. If they are delayed, did they ring ahead of time to notify you.

3. What were the real estate agents shoes like. Sounds superficial, but similar to the sales person car, inside and out, shoes shows the sales persons care and attention to being professional and taking a care of what they own. all sales people know, good shiny well kept shoes are sales 101. If they havent got that right, there is a high probability the rest of their business is not well kept.

4. Did the real estate agent display empathy: This is the single biggest and most important factor in first impressions when choosing a real estate agent. Let me clarify that empathy is not just about listening, but truly understanding what a person is saying. It requires a great amount of practice and involves all the senses. The old saying, people don’t care how much you know until they know how much you care never rings more true. did the agent speak 20% of the time(by asking lots of questions) or 80% of the time(by saying how great they and their company was).

A great real estate agent understands that the best price achieved in selling your property is by adding value to the product they are selling(your home). This is done by collecting information. questions such as “What are your neighbors like?” or “Tell me a little about why you bought the property” “What attracted you to the property when it was being marketed” or “What is it that you like the most about living here”" These are all questions tapping into the features and benefits of ownership and people buy talking features and benefits.

You should trust your sixth sense when choosing an agent as subconsciously, all the above is what your brain is processing quickly and giving you a message. Normally, women are better than men at this as men are more goal orientated and focus on the points(commission, advertising, costs ect). i hope this helps you in the logic approach to trusting your instincts when choosing a real estate agent. It can save you  alot of money.

This is Chris Hasson, have a great day.

Free Port Stephens Real Estate Appraisal

{ 0 comments }

Choosing a Real Estate Agent

by admin on May 25, 2011

“4 Easy To Follow Steps To Find A Good Agent”

Port Stephens Real Estate Agents Quote Of The Day: “Happiness will never come from those who fail to appreciate what they already have” Anon

There are four easy to follow steps in choosing an agent. They all relate to the first impression or sixth sense that you will feel when initially dealing with a Port Stephens real estate agent

1. Did they confirm the appointment on the day

2. Did they arrive on time for the appointment

3. What were their shoes like? Did they ask to take their shoes off  at the door.

4. Too be revealed in the next video.

Choosing a Port Stephens Real Estate agent or for matter of fact a real estate agent any where in Australia is easy. To find a great Real Estate agent though can be problematic. Trusting your sixth sense or initial feelings are crucial to having success in this part of the decision process. Your high sale price depends on it. Check the next post for my final 2 but vital keys on selling a large volume of properties in a short period of time.

This is Chris Hasson, have a great day.


Port Stephens Real Estate Secrets Revealed

{ Comments on this entry are closed }

Cost Effective Port Stephens Marketing

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 [...]

Read the full article →

Life and Death To Port Stephens Real Estate Residents Lies In Their Decisions

December 25, 2010

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 [...]

Read the full article →

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 [...]

Read the full article →