Dougmal Harcourts Real Estate Oak Flats

Testimonial...

2012-02-10T12:38:00.000+11:00

Sharon Puckeridge, Property Manager, at Dougmal Harcourts Oak Flats has managed a residential rental property at Albion Park Rail, owned by me and my wife, for the past 6 years.

Both my wife and I were impressed by Sharon's professional approach to our needs at our initial meeting early in 2005 and were happy to pass the management of our property over to her.

To date our original assessment of Sharon has proven to be correct. Unlike so many rental property managers encountered nowadays Sharon's focus on us as her primary client in the leasing arrangements has been consistent. We have appreciated her mature approach to our business and have often benefited from her advice.

Regards,

Richard & Helga Burnett

Testimonial...

2012-02-01T15:59:00.000+11:00

After listing our vacant land with another agent, we didn't receive a single offer and communication was poor. As soon as we listed the property with Deb Cummins and her office, we started to receive expressions of interest and some offers right away. Before long, we received the right offer and now await settlement. To the credit of Deb Cummins and her hard work, we can now plan our next move.

P. Cudina (Flinders)

Extremely Impressed!

2012-01-25T10:27:00.000+11:00

Testimonial...

We are extremely impressed with the service Dougmal Harcourts Oak Flats has provided us. They are very professional and knowledgeable when it comes to selling houses. Their service is outstanding and we would recommend them to our friends and family.

K. & D. Alchin (Albion Park Rail)

What's Ahead For 2012...

2012-01-19T11:21:00.001+11:00

The new year has arrived and as usual it is full of predictions, so I thought I would throw mine in as well and we can all judge their accuracy as the year progresses.

Obviously some of the factors that are going to affect our property markets are how the R.B.A. reacts to our two speed economy, the European debt crisis and its impact on financing overall, with a general tightening being likely and I believe, more importantly, how both of these impact on the confidence of the average consumer.

With almost 100% of economists agreeing, it seems a reasonably safe bet that the R.B.A.’s first meeting of the year in February will deliver another cut in official rates. Interestingly the ANZ Bank in particular has disengaged from this cycle and is announcing its own rate decisions each month prior to the R.B.A.’s monthly meeting. They cite other global funding issues being equally important as the R.B.A.’s official cash rate in defending this decision. January is the first month for these announcements so it will be interesting to see how they move, but with competition increasing within the banking sector generally I think we will see rates fall over the year, which can only be a good thing for our industry as a whole.
The European debt crisis still has a long way to go in my opinion, with many twists and turns throughout the year to come. I am neither wise enough or game enough to predict the eventual outcome but I am sure the constant reporting of this major bad news story in the media will continue to have a negative impact on consumer confidence generally as well as share prices across most sectors. It is this lack of consumer confidence that looms as a major threat to the year ahead, not just for our industry but the economy as a whole.

The State Government decision to remove the Stamp Duty concession for first home buyers of existing homes saw a rush of activity from this sector at the end of last year, but if history is any guide I don’t expect we will see many first home buyers now for the next 6 months or so, as was the case when the government removed the extra $7,000 first home buyers grant a couple of years ago. These types of incentives tend to bring demand forward and then leave a hole when they are removed.

On a positive note I believe we should see strong demand from investors with rents continuing to climb and vacancy factors at near record lows in most areas. This is leading to increased rental yields generally and in a number of cases, positively geared investments. This trend is likely to continue, particularly if capital growth is subdued and interest rates continue to fall. It may also see some frustrated renters “bite the bullet” and look to buy, particularly if affordability improves.

Over the whole state I feel the market is likely to remain patchy, some areas doing well while others struggle. Local issues will have an impact as the floods in the Northern Rivers area and the mass layoffs by Bluescope in the Illawarra did during the year just past.

So it looks like a year of both challenge and opportunity, and I personally hope that we can assist our members meet those challenges and capitalise on the opportunities going forward with our cutting edge technology, cheaper prices and great staff giving great service.

All the best of the year ahead.

Dale Whittaker
E.A.C. - Chairman

Honest & Efficient

2011-10-15T09:23:00.000+11:00

We have dealt with agents before and must say we were pleasantly surprised at the honesty and efficiency of your service. There was always clear communications and help given outside the norm.

Thank you so much Deb and Dougmal Harcourts.

L. Knez (Mount Warrigal)

Amazing Job!

2011-09-29T09:52:00.000+10:00

WOW! Deb, you have done it again! We sold our first house with Deb and she did an amazing job by finding a buyer within 2 weeks. She made it so easy that when we decided to sell again there was no hesitation as to who was the best person to sell it. Then Deb outdid herself by finding a buyer within 2 days, not only did she make it easy again but she also negotiated a great price. If you're thinking of selling we would highly recommend that you go with Deb, not only is she very professional at what she does , she is a beautiful person as well. Thanks Deb for all you have done for us, you have made our dreams come true again!

From The Gillis Family (Oak Flats)

Outstanding!

2011-09-23T10:32:00.000+10:00

Our experience with Dougmal Harcourts has been outstanding. Deb Cummins is a total professional, but maintains her natural warm and caring personality. Deb is the perfect real estate agent as she is honest and open, not pushy at all. She is friendly and makes you feel totally at ease with selling your property. We would and definitely will recommend Deb to our friends and family.
S. & T. Wong (Mount Warrigal)

Very Professional

2011-09-09T11:50:00.000+10:00

Testimonial...
We were more than satisfied with the level of service provided by Deb and her associates. Selling our home of over 30 years was always going to be difficult for us, but the transaction was certainly helped by a very professional and sympathetic real estate agent. Your reputation is certainly very well deserved. Many thanks Deb.
A. & V. Mielke (Barrack Heights)

Only One Real Estate Agency

2011-09-07T13:38:00.000+10:00

Testimonial...
When it was time to sell my property in Oak Flats, basically nothing was in my favour. The real estate market was far from buoyant; my one bedroom cottage was in need of considerable attention prior to sale; and I resided interstate unable to spend the necessary time in 'sprucing' the place up in preparation for sale.
However, what I did have in my favour was my choice of Real Estate Agents - Dougmal Harcourts Oak Flats.
The team at Dougmal Harcourts at the outset advised me of what the current market price would be and how long it would take to sell. Every week, like clockwork, I received from them a copy of the latest advertisement and also a phone call from my dedicated agent to update me on all aspects of the sale. The weekly advertisement (text & photograph) was regularly amended to ensure the optimum interest in my property by potential buyers.
My property sold well within the predicted time-frame and in my expected price range. But of great importance to me was the manner in which the Dougmal Harcourts Team went about the business of selling the property. I never felt neglected, indeed, quite the opposite. It was a totally stress free experience. And upon settlement, my agent even removed the name plaque from the front of the property and sent it to me because he thought it may have sentimental value to me. That's what I call service.
The bottom line for me is that there only one Real Estate Agency I would ever engage in the Illawarra, whether buying or selling, and that's the Dougmal Harcourts team at Oak Flats. Well done guys!

Greg Robertson

Spot On About Everything

2011-08-31T10:45:00.001+10:00

We were introduced to Deb Cummins of Dougmal Harcourts Oak Flats by a family member who was completely satisfied with the sale of their house. Deb was spot on about everything she promised us in regards to the sale of our house in Mount Warrigal. We are very pleased with the service and will recommend Deb to everyone who will be selling or buying a house.

A. & M. Farrugia (Mount Warrigal)

More Than Happy

2011-08-17T15:18:00.000+10:00

Testimonial...
Just want you to know that my husband and I are more than happy with the level of service given to us by Deb Cummins. She went all the way, even outside of working hours, to ensure we were satisfied. I would highly recommend, not only Deb, but Dougmal Harcourts Oak Flats as well.
G. & V. West (Flinders)

Great Experience

2011-07-28T10:11:00.000+10:00

Testimonial for Deb Cummins (Dougmal Harcourts Oak Flats)...

Great experience, highly recommended to all. Deb made the experience no-fuss with a high level of professionalism and very friendly customer communication.

D. & P. Brown (Mount Warrigal)

Testimonial for Deb Cummins (Dougmal Harcourts Oak Flats)

2011-05-17T15:19:00.000+10:00

EXCEEDED EXPECTATIONS

Thank you so much for selling our property and how quickly you sold it. We must admit we were very nervous as we have lived in our house for 32 years but you made it so easy for us. You really exceeded our expectations. We were completely happy with everything you did for us and the way we were treated by you. Thank you again, take care and God bless.
J. & P. Catterall (Oak Flats)

Harcourts NSW Annual Awards

2011-05-16T16:07:00.000+10:00

Harcourts NSW recently held their Annual Awards function at Dockside, Darling Harbour to celebrate real estate achievements throughout NSW for 2010/2011.

Dougmal Harcourts Oak Flats scooped up a number of awards for their outstanding achievements.

Office Administrator of the Year
Joyce Mantuano

Rookie of the Year
Megan Green

Silver Sales Achievement Award
Deb Cummins

Top 10 Sales Consultant
Number 3 in NSW, Number 1 in the Illawarra

Deb Cummins

Testimonial

2011-04-07T11:36:00.000+10:00

SOLD - Andrew Crescent

She knows how to sell! We could not be more impressed with her ability. Always in constant contact through the process of selling our house. When you really want to sell, bring in the big gun "Deb Cummins". It was never in doubt once we had her.

R. Angwin (Mount Warrigal)

Testimonial

2011-03-30T09:44:00.000+11:00

SOLD - Fowler St, Flinders

We have found Dougmal Harcourts Oak Flats to be most professional in their duties as agents. Our dealings were almost entirely with Deb Cummins and found her to be most accommodating in providing the myriad of information that we required in the purchasing of our new home. On the completion of our purchase we assumed that was the end of the affair but there was more as Dougmal Harcourts organized for the connection of all the utilities. This makes the difficult job of moving just that bit easier for us. Thank you for all your effort and we look forward to dealing with you again.

T. & C. Walsh (Flinders)

Testimonial

2011-03-15T16:33:00.000+11:00

SOLD - Mayfield Circuit, Albion Park

CANNOT SPEAK HIGHLY ENOUGH!
What can you say when the first person looks at your home and buys it. I think I was in shock at how quickly it sold. Deb Cummins sold our home in Kiama 9½ years ago and that went quickly too. Deb is everything you could want to sell your home - charming, pleasant, not pushy, caring and very reassuring, and always in touch with you. I cannot speak highly enough of the way she has handled selling my home.
M. Reed (Albion Park)

Testimonial for Deb Cummins

2011-03-04T13:42:00.000+11:00

SOLD Sparta Ave, Warilla

I found Deb to be most professional, both to myself and the tenant occupying the unit. She always returned calls and had the answer to my questions. She was knowledgeable and polite and not at all pushy. I would certainly recommend her to my friends and use her again if needed. She was recommended to me by a friend who both sold her house and bought another with Deb.

Jennifer

Dougmal Harcourts Oak Flats Scoop-Up at Quarterly Awards

2011-02-17T13:14:00.000+11:00

Harcourts NSW recently held their Quarterly Awards function at Dalton House, Jones Bay Wharf, Pyrmont, to celebrate both individual and office real estate achievements for the last quarter of 2010.

Competing against a field of 40 other real estate offices and more than 100 sales consultants statewide, Dougmal Harcourts Oak Flats scooped up many of the awards for outstanding real estate achievements.

Top Office - 2nd Place
Top 10 Sales Consultants - Deb Cummins, 4th Place
Gold Sales Achievement Award - Deb Cummins
Bronze Sales Achievement Award - Megan Green
Amethyst Pin - Deb Cummins
Business Owner's Recognition Award - Michelle Turner
Office Administrator of the Quarter - Joyce Mantuano

CEO of Harcourts NSW, Chris Stephandellis, said "Special congratulations to Dale Whittaker and his team for their outstanding achievements last quarter. It was pleasing to see so many great results in what is usually a quiet time of the real estate year. Well done to all!"

Where to In 2011?

2010-12-17T12:47:00.000+11:00

My crystal ball is saying the real estate market for the first quarter of 2011 looks like being a fairly tough place. Anecdotally activity in the last quarter of 2010 has been subdued in many areas of the state and building starts and finance approvals are also both down confirming this.

As always there have been pockets that have managed to miss the pain but it would appear that they are few and far between.

Latest comments by the R.B.A. give some respite as they indicate that it is unlikely that we will see any further interest rate movements until at least the end of the first quarter, cold comfort to a degree I know, as much of the damage has already been done with recently released figures showing housing affordability in NSW currently at one of its lowest levels in years.

Even the weather seems to be against us at the moment, with parts of the state experiencing flooding and extreme weather events as I write this article and the long range forecast is for more of this all through summer. I guess we should be thankful we are not farmers, they have it even worse.

On the upside, rental demand remains strong, with increased rents leading to higher returns in most areas. This will not only help our Property Management department profits but should see a continued influx of investors into the market chasing these attractive returns.

This next quarter will also see the introduction of the new Residential Tenancies legislation. As an industry I believe we need to talk to and educate our landlords as soon as possible in relation to these changes, before there is a quiet news week and some sensationalising journalists try to create panic for the sake of selling a couple of extra newspapers and we get left to deal with the paranoia.

E.A.C. has run a series of seminars on this topic in recent times and will continue to update you as regulations are firstly released and then tested at tribunal.

As Geoff Hunter showed in his seminars there are a number of positives for landlords in the new Act, it is not all bad, and we need to emphasis that to our clients before the scare stories start.

I believe the sales environment will stay tough in many areas, listings are down and look like remaining tight and now it seems as though prices are also dropping in certain areas. Managing vendor expectations will be of paramount importance in the coming months. All the good E.A.C. agents will be practising their scripts and dialogs in role plays I’m sure.

The upside for the good operators is that they tend to increase their market share in tough times and what doesn’t kill us will make us stronger.

Wishing everyone success in the year ahead and happiness throughout this festive season.

Dale Whittaker
E.A.C. Chairman

Testimonial

2010-11-11T10:25:00.000+11:00

SOLD - Ash Avenue, Albion Park Rail

SUPERSTAR!
Deb, I already knew you were a superstar but this has sealed the deal! Offers after the first few days on the market and then a price that we were very happy with. We were prepared to have the property listed for a few months to wait for that great price but you achieved it in a couple of days. Thank you so much!

E. Marr (Albion Park Rail)

Testimonial for Deb Cummins & Dougmal Harcourts Oak Flats

2010-10-28T12:06:00.000+11:00

SOLD - Urana Way, Flinders

Thank you to Deb Cummins for her professionalism in dealing with our property in Flinders. Her attention to detail in marketing the property with photos & advertising is of a very high standard as well as her negotiation skills. I would recommend Deb to anyone who is thinking of selling. My wife & I are extremely happy with the outcome.

R. Deacon (Flinders)

Testimonial for Deb Cummins (Dougmal Harcourts Oak Flats)

2010-09-29T10:34:00.000+10:00

SOLD - Johnston Street, Warilla

"Deb Cummins is a fabulous agent. She kept me sane through what was a very stressful period for me. Outstanding service and an amazing lady. Thank you."
C. James

Testimonial For Dougmal Harcourts Oak Flats & Dale Whittaker

2010-09-08T14:26:00.000+10:00

SOLD - Albion Park

"Dougmal Harcourts Oak Flats overcame a difficult situation and delivered an excellent outcome. Thank you Dale and your team"

Stunning New Listing in Blackbutt

2010-09-08T11:50:00.000+10:00

INDULGE IN COMPLETE LUXURY!

Just some of the many features:-

Enviable one acre block in a picturesque setting with deep landscaped gardens
Modern island kitchen with quality stainless steel fittings
4 car garage plus vast under-house storage rooms and wine cellar
5 double-sized bedrooms
Expansive wraparound balcony capturing intimate views
Formal living & dining areas
Ducted vacuum and ducted air conditioning
Wood fireplace
Multiple outdoor entertaining spaces
Theatre room with projector
14m swimming pool plus pool house with bathroom
Sound system, back to base alarm, intercom, video camera surveillance

For more information, photos and floor plan, go to www.dougmaloakflats.harcourts.com.au

Dougmal Harcourts Oak Flats Shines at Quarterly Awards

2010-08-19T13:46:00.000+10:00

Harcourts NSW recently held their Quarterly Awards function at Dalton House, Jones Bay Wharf, Pyrmont, to celebrate both individual and office real estate achievements for the April to June 2010 quarter. Competing against a field of 40 other real estate offices and more than 100 sales consultants statewide, Deb Cummins from Dougmal Harcourts Oak Flats scooped up the following awards for her outstanding real estate achievements.

Gold Achievement Award

Sapphire Pin

Top 10 Sales Consultant

Congratulations Deb!

Testimonial for Dougmal Harcourts Oak Flats & Deb Cummins

2010-08-18T12:41:00.000+10:00

SOLD - Lindesay Street, Barrack Heights

"The service from Dougmal Harcourts was exemplary to the highest degree. The staff were always courteous and listened to what was asked and very helpful, nothing was of any bother or trouble. Deb Cummins has always displayed professionalism in all her dealings with us and allowed us to be in the loop of how the market and prospects were progressing. Deb, because of her approach and market knowledge was able to sell the house in half a day of being on the market. I congratulate Deb for her ability to keep her finger on the pulse and being right up there with what is happening in the market place. Once again, I would like to thank Dougmal Harcourts for their attentive approach, willingness to co-operate which made the stressful, emotional feeling easier to manage with selling the family home".
R. Woods

Over $20,000 More

2010-08-13T11:59:00.001+10:00

SOLD - Hopetoun Street, Oak Flats

Testimonial for Deb Cummins:-

"Dear Deb,

I would like to thank you for the awesome job you did when selling our house in Oak Flats. You were so enthusiastic about the house and your opinion of the price the property would bring was spot on. You achieved over $20,000 more for us than the opinion the other agent gave and sold our home to the first buyer in the door. That was truly remarkable! Your guidance during the sale process removed all the pressure and made the sale an enjoyable process. Your honesty and integrity is second to none and I will certainly recommend you in the future. Thank you again Deb."

C. Smit

Testimonial from another Happy Client...

2010-08-13T11:49:00.000+10:00

SOLD - Westwood Drive, Blackbutt

"When we decided to sell our house, we got a couple of valuations and was surprised at the difference in both. Dougmal Harcourts Oak Flats provided us with a valuation that we thought was right on the money and 3 weeks later the house was sold at our target price.

We could not recommend Dougmal Harcourts Oak Flats high enough, their staff and manner was of the highest standard."

H. Harrison

Award Success For Dougmal Harcourts Oak Flats

2010-05-27T10:48:00.001+10:00

Harcourts NSW recently held their Annual Awards function at Crown Plaza Coogee to celebrate both individual & office real estate achievements for 2009/2010. Dougmal Harcourts Oak Flats scooped up a large number of awards for their outstanding real estate achievements. Some of the awards received were:-

Gold Achievement Award - Deb Cummins
Top Sales Consultant - 1st in the Illawarra - Deb Cummins
Top State Office - Dougmal Harcourts Oak Flats - 3rd in NSW

CEO of Harcourts NSW, Chris Stephandellis, said "A special mention for Deb Cummins who consistently achieves outstanding results every quarter and every year."

Congratulations Deb for achieving NUMBER 1 in the ILLAWARRA for the SEVENTH time in a row and NUMBER 2 in NSW!

Harcourts NSW Quarterly Awards (October to December 2009)

2010-02-26T13:38:00.000+11:00

Dougmal Harcourts Oak Flats were centre stage at the recent Harcourts Quarterly Awards function, celebrating individual and office achievements for the October to December 2009 quarter.

OFFICE ADMINISTRATOR - Joyce Mantuano

BRONZE SALES ACHIEVEMENT - Jim Wells

SILVER SALES ACHIEVEMENT - Deb Cummins

GOLD PIN - Jim Wells

TOP 10 SALES CONSULTANTS - Deb Cummins

TOP SALES OFFICE (October) - Dougmal Harcourts Oak Flats

TOP OFFICE REVENUE (October) - Dougmal Harcourts Oak Flats

Where to for the Housing Market in 2010?

2010-01-25T11:33:00.000+11:00

There are a number of factors to consider when trying to look into the crystal ball and predict what is going to happen to residential real estate in the Illawarra in the next 12 months.

The primary driver at the moment would appear to be a wide spread shortage of property for sale. Coupled with slow land releases and a lack of major unit development at the the moment, basic supply and demand economies would indicate upwards pressure on prices.

As far as demand is concerned, there seems to be no shortage of buyers for property at the right price. Investors are starting to come back into the market, taking up some of the slack left by the drop off of first home buyers after the extra subsidies ended on 31 December 2009.

Rises in prices will only be modest however as several negative factors will have an impact. Firstly the 3 interest rate rises of recent times and the probability of another 25 basis points on 2 February 2010 after the Reserve Bank Board meets, along with some job insecurity in the region.

Overall, however I think that the market will be reasonably positive with modest price growth throughout the coming year.

Harcourts NSW Quarterly Awards

2009-12-14T11:49:00.001+11:00

Harcourts NSW held their quarterly awards celebrations at Cockle Bay, Darling Harbour on 12 November 2009. This was a celebration of the real estate achievements of Harcourts and Dougmal Harcourts offices throughout NSW for the July to September 2009 quarter. Dougmal Harcourts Oak Flats was amongst the highest achievers of the night.
Bronze Sales Achievement - Dale Whittaker
Platinum Sales Achievement - Deb Cummins
Ruby Pin - Deb Cummins
Top Exclusive Lister (3rd place) - Deb Cummins
Top Sales Consultant - Number of Sales (1st place) - Deb Cummins
Property Management Excellence (2nd place) - Dougmal Harcourts Oak Flats
Property Managers of the Quarter - Linda Easterman & Sharon Puckeridge
Top Sales Office (1st place) - Dougmal Harcourts Oak Flats
Top Office - Revenue (3rd place) - Dougmal Harcourts Oak Flats
Top 10 Sales Consultants (2nd place) - Deb Cummins

How and When To Improve Your Investment Portfolio

2009-10-19T15:04:00.000+11:00

This is something we are often asked by our current landlords/ investors and is I believe something we all should be thinking about regularly. After all, the whole point of investing is to make the best return possible over time.
We have noticed a growing trend in recent times which we think you should be aware of and possibly consider taking advantage of. There has been for many years a predominance of 2 & 3 bedroom properties with limited parking or just a single car garage for lease and very few 4 bedroom double garage properties. This has always made these 4 bedroom properties highly sought after.
This was largely due to the older established nature of the housing in the area. With the construction of new housing, particularly in the Flinders, Shell Cove area, but also in Albion Park, we have seen an opportunity for increased returns for our clients.
The main advantages, as we see it, of the “Trading Up” to a new or near new 4 bedroom double garage home are these:
Firstly there is the increased rent and reduced vacancy factor. Typically a 4 bedroom double garage home with a purchase price of $380,000- $420,000 will rent between $430- $450 per week.
Secondly the type of tenant attracted to these homes tends to be more stable and hence turnover in tenants tends to be less and vacancy between tenancies also tends to be less.
Thirdly the maintenance on these properties because of their age is significantly less and often covered under builders warranty at no cost to you.
There is also the benefit of a depreciation allowance of 2.5% that you more than likely do not get on your current property because of its age. This factor alone could be worth in the order of $3500-$4000 per annum as a deduction on the property. Depending on your current tax rate this could mean a significant extra amount back to you each year.
With many of our landlords/ investors having owned their properties for many years, probably in many cases having nearly paid them off, this may well be a good time to at least consider the possibility.
I am certainly happy to go into more detail on your personal circumstances at any time and would also recommend that you talk to your accountant / financial advisor before making any decisions. But with interest states still at low levels and prices remaining under control there has not been a better time in the last several years to make a move and improve your property portfolio.

First Home Buyers Grant Reduces

2009-09-22T12:10:00.000+10:00

At the end of this month the first home buyers grant reduces from $14,000 when purchasing an existing home to $10,500. This should not be seen as a reason for first home buyers to panic. When looked at in the cold light of day it should have little or no effect on your decision to enter the housing market. The reduction of $3,500 compared to the start of the year when buyers were often in bidding wars and / or races for contracts it may actually be a better time to buy now than it has been over the last 6 months. You will not have quite the same pressure to make a snap decision about your biggest purchase ever, and your bargaining position may be better if there are not as many other purchasers out there.
I do believe that the next 3 months is a good time to secure your first home as there may well be a lift in prices before too long. This will mainly be due to a supply and demand imbalance. The new home starts in the Illawarra continue to be at record lows which will bring further pressure on existing houses. Basic economics states that if more people want to buy a commodity than there are of those commodities on the market, prices will rise. We are already seeing a drop in the number of existing homes on the market compared to the normal influx of spring activity so this points to price rises in the future.
The prospect of interest rates rising again will make some people nervous however the commentators seem divided as to when & how much they will rise. It is inevitable that they will rise of course, they are at historic lows, but it is my belief that the rises will be very cautiously implemented by the Reserve Bank as they are unsure about the global outlook and will definitely not want to be blamed for stalling the Australian economies recovery.

Explanation of a Current Market Appraisal

2009-09-10T14:45:00.001+10:00

A Comparative Market Analysis will help an Agent decide the fair market value of a home in the current market.

This comparison is called a comparative market analysis (CMA). It uses the most current and reliable market information from various sources including their Office listings and from EAC Red Square and realestateworld.com.au. The properties included in this analysis are a sampling of properties in the area that are currently for sale or that have recently sold. They provide a base line from which to begin the comparison. Other factors considered in this comparison are the property features, land size, location, amenities and the physical condition of the property.

At times, the term "fair market value" causes confusion. The definition has three basic parts – particular house – current condition – time frame (usually 30 to 90 days). Put simply, fair market value is the price at which a home will sell within a reasonable amount of time. The CMA will allow the agent to figure out, using the above information, the fair market value for the home. Remember this is just an estimation and the price could vary up or down depending on the motivation of the buyer, seller and any fluctuations in the market.

Once the price is decided on and it has been tested it in the marketplace, changing market conditions over time may require adjustments to the price to remain competitive.

For more information, please contact our office at Dougmal Harcourts Oak Flats - 02 4256 6666.

Welcome to our Blog

2009-09-09T16:13:00.000+10:00

From time to time we will post information in relation to Dougmal Harcourts Oak Flats, properties that we have for sale and lease, market statistics and items of interest to real estate consumers in general.