Archive for April, 2016

How to get the banks to lend you the most money

How to get the banks to lend you the most money

In this issue we’ll talk about how to best increase your lending capacity and get every cent possible from the banks.  How much you can borrow will depend on your deposit, your spending habits, your equity in current property and your credit history, but there are actions you can take to give your application the best chance of success.

In a nutshell:

  1. Protect your credit file
  2. Reduce your credit card limits
  3. Prove stability
  4. Choose different lenders for each loan to avoid cross collateralisation
  5. Apply to different ...
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How to Minimise Your Risk when Buying ‘Off the Plan’

How to Minimise Your Risk when Buying ‘Off the Plan’

While buying off the plan can be profitable, in more recent times many an investor has been caught out by a falling market and an oversupply of product.  It’s important to note a valuer can only advise what the property is worth now, in the current market, and not what the property could be worth ‘on completion’ in nine, twelve or eighteen months’ time.  It’s the valuer’s responsibility to use comparable sales evidence to ascertain the current figure and they ...

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Property Valuation vs. Real Estate Appraisal

Property Valuation vs. Real Estate Appraisal

Valuations are sometimes disputed on the grounds that a real estate agent has provided an appraisal which is higher than the valuation figure.  Real estate agents are aiming to get the best price they can for their client (the seller).  This is their job.  Their appraisal often represents what they hope to achieve for the property if the right buyer comes along at the right time.

If the real estate agent is adamant that the property is worth more, ask them ...

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