Monthly Archives February 2019
When listing a property for sale, conventional real estate agents usually require landlords to pay in advance for advertising and marketing. This restricts cash flow until the sale settles and proceeds are received. If the property doesn’t sell then the cost of advertising and marketing has to be worn by the landlord – resulting in a substantial loss without any benefit whatsoever.
LongView believes this is entirely unacceptable and has a solution. LongView cuts any up-front payment to less than 20% of the cost of the advertising and marketing. No further payment has to be made if the property doesn’t sell. This reduces the cost of a failed sale campaign by over 80%…..
How banking misconduct relates to conventional real estate……
Bank lending rules have become stricter as a result of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. This is likely to continue affecting the price of residential real estate.
As well as its influence on the market, there are some strong parallels between the Commission’s reporting on banking misconduct and equivalent behaviour in the real estate industry. The following table compares four points made in the report’s introduction to conventional practices in real estate industry and the LongView approach.
Owners’ corporation levies are often a substantial cost for apartment owners, but those costs frequently come with bad service. Complaints we often hear include slow or no responses to emails and queries, failing to account for expenditures, no maintenance oversight and engaging negligent maintenance contractors. The list goes on to include weak enforcement of body corporate rules and poor communication with members.
Thankfully, you don’t have to deal with any of these issues on your own. LongView’s owners’ corporation management business (soon to be called LongView Owners Corporation) can act on your behalf…….
Real estate is about more than location, location, location. It’s also about the AMOUNT of land you own in that location.
The basic principle of capital growth in real estate is that the value rises fastest when the demand (the number of people who want the property) is growing faster than the supply (the amount of properties available that meet their criteria).