Hayden is Deputy President of the Real Estate Institute of Australia and President of the Real Estate Institute of Western Australia. He is also the director of dethridgeGROVES Real Estate in Fremantle.
Perth rents have dropped more spectacularly down 6.4 per cent on this time last year.
The results are, in the main, appallingly inaccurate and makes a mockery of offering the service in the first place.
Be cautious when looking at median house or unit price fluctuations and don’t rely on them as the only indicator of directions in market values in certain suburbs.
There is a perception that women are more trustworthy, more honest and better organised than men; important qualities for a real estate agent.
Seizing on a growing gap in the market, a buyer’s agent acts for and is paid by the purchaser. Time poor investor types find this service particularly worthwhile.
Believe the agent when they tell you there are other offers in play.
Statistics show that sellers that have an inflated opinion of the likely market price of their property lose money in the end.
There are some circumstances whereby selling your “primary residence” could be subject to capital gains tax.
Most agents, faced with the prospect of listing a quality property and working with genuine sellers, will be happy to negotiate a fair fee.
Agents shouldn't push sellers to provide warranties outside their contractual obligations.
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