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Sunday, September 02, 2018

‘Spring hasn’t sprung yet’: Melbourne property market to challenge sellers and agents

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https://www.domain.com.au/news/spring-hasn8217t-sprung-yet-melbourne-property-market-to-challenge-sellers-and-agents-20180831-h14qn9-761109/


Domain Auction Result for Saturday 1st September 2018
Number Listed Auctions: 725
Number Reported Auctions: 553
Sold: 340
Withdrawn: 23

The clearance auction result reported is higher than what one can figure out from the supplied data.

At this time of the year, Spring season, it gives the real estate agents a good reason to encourage potential owners to sell their properties.

Without doubt, this is the time when the flowers bloom and the sun puts on its warm welcome for people inspecting the properties.

Nice flowers and garden means more maintenance in the future. Buyers should see beyond what the gardens would look if they are in the hands of "almost everything goes" owners.

Many exposed areas of the garden bed have new pine bark, red or coloured gum chips or pebbles is a telltale sign of trouble. Garden beds needs to be properly treated to remove weeds or seeds of weeds before these cosmetic close to useless items are put on.

House inspection only for structural issues, and therefore these future maintenance or additional outlay to keep them in tip-top conditions are your own responsibility.

Big trees around the house can post a lot of trouble to the house, especially the older houses. The roots can damage drain or sewerage pipes, and can land you thousands out of pocket.

Freshly painted house may have many hidden nightmare. I can't even convince people I know very well about this potential problem, and they have to "suffer" the consequence.

If you see a freshly painted bathroom or laundry, check the tiles whether they are "painted" over. The same applies to the bathroom basin, bath tub and shower floor. The original materials are not suitable for painting, and will peel in no time at all.

Crack ceiling board, rotten laundry floor, fascia can be nasty surprises. Before you waste your time and money to get professional to inspect the potential purchase, you must check the all the taps, air conditioning, heating, lights and switches, etc.

If you find something suspicious, ask and follow by an email to the agent. It is your hard-earn money, so make sure you get your money worth.

Happy house hunting.

Thank you for reading.