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Environmentally-friendly ways to complete your next spring clean

Environmentally-friendly ways to complete your next spring clean


POSTED BY Ann Paterson ON 03 Oct 2019 | Comments
It's spring time again. The birds are singing, the flowers are blooming, and it is time to conduct the dreaded spring clean. However arduous the task ahead of you seems, it may relieve you to know that at least there are ways to tackle your spring cleaning without harming the environment.

In Your Living Areas

The best way to begin your spring clean is to declutter your living spaces. Not only will this give you a clear head, but it will give you the space to clean your home more thoroughly. The next thing you should do is give all surfaces a good wipe down. Instead of buying a feather duster, consider repurposing old clothes and towels into cleaning rags.

If there is a particularly bad odour lingering in your home, consider a more natural method of removing it before reaching for the air freshener. One good, environmentally-friendly way to eliminate odours is to air out your house. Open all of ...

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Key things to look for when inspecting a property

Key things to look for when inspecting a property


POSTED BY Ann Paterson ON 03 Oct 2019 | Comments
It is easy to get swept up in the emotion of owning your new home. You tend to overlook obvious faults, preferring to focus on the endless possibilities on offer. It pays however to temporarily park your emotions when inspecting your next property as it ensures you assess it through a set of critical eyes.

When inspecting any new property, one of the first things you should consider is the size of the property including the back and front gardens and any available storage. Ask yourself questions such as: How many bedrooms can you configure from the floor plan? Does the garage offer extra storage? Is the backyard big enough for pets? Can I seat my whole family comfortably in this living room?

Questions regarding space are particularly important to ask yourself when you are inspecting an unfurnished property. A room may look extremely spacious when empty, but end up being too small for your existing furnit...

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What is stamp duty?


POSTED BY Ann Paterson ON 03 Oct 2019 | Comments

What is stamp duty

Stamp duty is a form of tax paid by the purchaser for certain types of transactions. It can be applied to property sales, mortgages, vehicle sales, even some insurances or gifts. The amount of stamp duty paid is dependent on the value and type of purchase. The more you spend on a property, the more stamp duty will be paid. This money is collected by the state government where the purchase is made.

How much is stamp duty?

Stamp duty rates are set by state and territory governments, so there is no uniform system for the whole country. Look into the guidelines for the state you are buying in to ensure you have an idea of the cost of stamp duty and make ...

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Tips for a successful spring sale

Tips for a successful spring sale


POSTED BY Ann Paterson ON 03 Oct 2019 | Comments

Spring can be a great time to sell your home. In fact, it's often thought of as the best time to sell but it's important to keep in mind that other sellers know this too, so it can mean you're facing a lot of competition.

Here are Ann Paterson Real Estate's tips to help you stand out from the crowd and make the most of spring's opportunities.

Capitalise on the weather

Generally, spring is warm but not hot, its sunny and plants are bursting with new growth. Make this a key part of your sale strategy. Put some work into sprucing up your home for inspections. Use the weather to help buyers feel like your home is somewhere they really want to live, not just somewhere that meets their basic needs. It can be worth spending the money to consult with professional interior and exterior designers about changes you make to attract potential buyers and make them feel at home.

...

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A guide to buying real estate at auction


POSTED BY Ann Paterson ON 29 Aug 2019 | Comments
guide to buying real estate at an auction

What is an auction?


An auction is a popular method for selling real estate, especially in sought-after areas where there is competition for properties. It involves prospective buyers bidding against each other on the property and the property is sold to the highest bidder, providing the bid matches or exceeds the reserve price set by the seller.

Competitive bidding amongst prospective buyers allows the seller to drive the sales price up, maximising the sales price for the seller. However, for buyers, it can be a daunting and intimidating experience, particularly for an inexperienced bidder who does not understand the auction process.

If you are considering buying your property at auction, he...

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Changes in the air (BnB) in NSW: New planning regulations for short term rentals


POSTED BY Ann Paterson ON 29 Aug 2019 | Comments
 
The NSW Government is changing the leasing and planning rules for short-term accommodation in the state. If you live on the premises at which the accommodation is being provided, you can still rent out a room or portion of your home through Airbnb or similar online accommodation platforms. However, if you don't live there, things are about to get a little trickier for you.

New planning regulations

The new state-wide planning framework is intended to make the planning regulation of short-term accommodation simpler ...

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Our top tips for saving for your first home deposit


POSTED BY Ann Paterson ON 28 Aug 2019 | Comments

saving for your first home deposit

Saving up enough money for the deposit on your first home can be a daunting task. Some people have more experience saving than others, but chances are you probably haven’t had to save this much money before in your life.

Here are some tips to help you get started on your journey successfully saving up enough for a deposit for your first home.

Planning is everything

A good plan can make or break your savings goals. Take the time to create a budget that you can stick to. Write out all your weekly expenses (like rent, food and entertainment), your monthly expenses (like internet and phone), and your less frequent expenses (like electricity bills). To make things easier to track, use a budgeting app or spreadsheet to get to know what you spend money on...

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Increase your sale price by understanding the market


POSTED BY Ann Paterson ON 28 Aug 2019 | Comments
Increase your sale price
 
Understanding the market is important for getting the most out of selling your property. The last thing you want is to sell your home, only to find out that taking some simple steps could have increased your sale price.

Ann Paterson Real Estate has years of experience in the property market and can help you get an understanding of the market so you can avoid falling into this trap and make the most of selling your property. Here are some tips to get you started.

Swings and roundabouts

You probably already know that the market goes up and down at different times, but you might not know how this works and how to use it to your advantage. Sometimes it’...

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Opens vs Private Appointments


POSTED BY Ann Paterson ON 06 Aug 2019 | Comments

Open Home Vs Private Appointments

Most vendors feel uncomfortable about having strangers inspecting their homes, particularly when they can’t be there themselves during opens or private appointments.

Buyers will want to take a good look around – including opening cupboards to check storage capacity; and this can make vendors worry about their privacy and security of their possessions.

Offering inspections by private appointment only is one way of mitigating risk and increasing your comfort but it is not always smart sales strategy. There are many benefits to open inspections, so you need to discuss this with your agent and decide what suits you best.

At Ann Paterson Real Estate, we're always happy to chat with our sellers about their wants and needs. We can talk to our sellers and interested buyers about their preferences...

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4 Tips for Planning for Success when Selling Your House


POSTED BY Ann Paterson ON 06 Aug 2019 | Comments

Are you planning on selling your house? Running a good sales campaign can help you get the best results so you are equipped to invest in your future. Spending time carefully planning your campaign can make the difference between a good campaign and a missed opportunity.

Ann Paterson Real Estate has years of experience in the property market and knows how to plan a successful sales campaign.

Here are some tips to help you get the most out of the work you put in.

1. Wait until the market conditions are right

Patience is key. Don’t rush into selling – wait until the conditions in the market are right to maximise the return on your investment. A lot of different factors affect the market, like the time of year, the economy and changes to government policy. Keep up with the news and regularly keep an ey...

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How to increase your rental returns


POSTED BY Ann Paterson ON 18 Jul 2019 | Comments

It can be difficult to know when to raise the rent as an investment owner and without proper guidance, you might get it wrong. Whether you've owned your investment for a long time or are looking to purchase a property and aren't sure how to broach the subject of a rent raise with the tenants, we can offer some advice.

There are two ways to increase your rental returns – raise the rent and reduce your costs. Here are our best tips for doing both.

Raising the rent

You can only raise the rent when market conditions allow and/or when you improve your property.

Ask your property manager to review weekly market rental values in your suburb at least annually to ensure your property is rented at the maximum possible rent. Most managers do this as a matter of routine close to a lease’s end date. They will show you a list of c...

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What you need to know about the First Home Loan Deposit Scheme


POSTED BY Ann Paterson ON 18 Jul 2019 | Comments

Saving up a deposit for a house is often one of the biggest obstacles for first home buyers. The Morrison Government has promised to help eligible first home buyers purchase a property with a deposit of less than 5%. The scheme will start by January 2020, and not only does it speed up saving time, but it will also allow first home buyers to achieve their dreams of owning their home sooner.

We're used to helping first home buyers navigate the property industry and the eastern suburbs can sometimes be a little out of reach for these buyers if they're not properly prepared. This scheme is set to make things a fair bit easier, but it can be hard to follow, so Ann Paterson Real Estate is happy to explain just how it works.

Will I be eligible?

There are some 5% deposit schemes that already exist, but you generally need to pay lenders mort...

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Things to consider before purchasing your next apartment


POSTED BY Ann Paterson ON 18 Jul 2019 | Comments

With the increased number of residential towers popping up across our capital cities, more and more people are likely to consider an apartment as their property of choice.

Ann Paterson real estate works in a number of different markets across Sydney and specialises in the Harbour city's eastern suburbs. We have extensive experience helping buyers find the right apartment for their needs, whether it's in Bondi, Edgecliff or Coogee.

Here are some tips to consider before purchasing your apartment.

Fees and Charges

One of the most important aspects of apartment living is the ongoing fees and charges. As well as paying off a mortgage and utilities you will also be required to pay strata fees for the upkeep of items such as gardening, lifts, swimming pools and security. It is important that you are aware of what your strata fees wi...

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Getting your house ready to sell? Don’t overlook these spaces


POSTED BY Ann Paterson ON 18 Jul 2019 | Comments

Are you wondering where to spend your renovation budget before putting your home on the market? Improving your home will help maximise your chance of wooing potential buyers, but when you have limited time and budget, you need to make some important decisions on what to focus on.

One way you can decide what work you should do is by thinking about which parts of your house you might overlook but actually have the potential to make a difference to buyers. What leaves an impression on you when you inspect a house and it’s something special, versus when something’s not quite right?

Ann Paterson Real Estate specialises in offering a personal service to our sellers and are happy to offer advice on how you can improve your home ahead of the sale. Read on for our tips on the parts ...

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How much do I need to save for my first home?


POSTED BY Ann Paterson ON 21 Jun 2019 | Comments

How Much To Save For My First Home

First home buyers should consider their property as both a place to live and a cornerstone financial asset. Your first property is likely to fund your second, so you need it to achieve good capital growth. Therefore, Ann Paterson Real Estate recommends buying the best property you can, within the category you can afford; and holding it for the long term to ensure excellent re-sale or rental value in the future. So, the first step in working out what you need to save is working out your likely purchase price.

What’s the purchase price?

 


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Choose wisely when opting for agents of change


POSTED BY Ann Paterson ON 21 Jun 2019 | Comments

It could be a $64,000 question or potentially even more but choosing the best agent for your home needn’t be too difficult.

As with most things concerning property, the best foundation for success can be laid with quality research and planning – and meeting an agent that can tick all the boxes.

After all, you are relying on that person to make or break your financial future, and also depending on them to guide you through the highly emotional path of parting from your most cherished asset.

 

Therefore, it makes sense to do plenty of work beforehand if you wish to minimize stress and maximize financial returns. And in an id...

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How to prepare for inspections


POSTED BY Ann Paterson ON 21 Jun 2019 | Comments

How to prepare for inspections

When presenting your property to market, you want to attract as many buyers as you can and ensure that they’re leaving the inspection with your home front of mind for all the right reasons.

The last thing you want is for a buyer to walk in and immediately be put off by the interiors of the home, how it has been styled or its cleanliness. Not only will that buyer want to get out of there quick-smart, but they’re also likely to tell others about “that house we just saw”.

Our team at Ann Paterson Real Estate can give you some great advice when you’re preparing for an upc...

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What happens if it passes in?

What happens if it passes in?


POSTED BY Ann Paterson ON 31 May 2019 | Comments

People often assume that when a property passes in on auction day, it will eventually
sell for a poor price.


This is largely just a myth. We can show you recent examples of high-quality properties
across the Eastern Suburbs that passed in at auction then sold within 10-14 days for
their reserve price or even better.


If your property is correctly priced, well-presented and expertly marketed from day one,
then passing it in only means your sale is going to take a bit longer. There is no reason
for a price adjustment and we will simply keep working to achieve a great sale price for
you.


The likelihood of your property passing in increases when the market is soft and buyer
demand is lower.


For example, during the Sydney boom of 2012-2017, weekend auction clearance ra...

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Why Choose A Tree Change


POSTED BY Ann Paterson ON 26 Apr 2019 | Comments

Why moving to the country can work no matter what your stage of life

Thinking of moving to the countryside? Here are some reasons why it might be a great decision for your stage of life, and what to look for before taking the plunge. At Ann Paterson Real Estate, we’ve helped everyone from young families to retirees find their perfect country escape, and we can help you as well.

 

Sick of grey skylines, crowded streets and the constant noise of traffic? Why not pack it all up and move to the countryside?

 

“Tree changes” are increasingly popular, with young families and retirees alike looking for a healthier, more relaxed lifestyle. Th...

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The upsides of downsizing


POSTED BY Ann Paterson ON 26 Apr 2019 | Comments

The thought of swapping the maintenance of a larger home for a hassle-free future full of travel, friends and new-found freedom is a common theme for those considering downsizing.

 

At Ann Paterson Real Estate, we help many people who want to leave behind the upkeep of a large home without sacrificing their Eastern Suburbs lifestyle.

 

After all, it makes little sense in terms of your time and finances to stay in a place that has outgrown your needs when sentiment is the biggest factor preventing you from leaving.

Once the reality of the kids growing up and leaving the family home starts to wear off, there are many compelling reason...

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Four Tips for Property Investors


POSTED BY Ann Paterson ON 26 Apr 2019 | Comments

Buying an investment property? Here's how to make sure it's the right one.

 

Buying a rental property is an excellent way to build wealth for your family's future. Here are four tips to make sure you're making a good investment.

 

Investing in property for the first time can feel daunting. If you make the right choice, your investment property can provide you with a second income stream for life. Poor decisions, on the other hand, might see you taking on overheads that you can’t manage without stress.

 

At Ann Paterson Real Estate, our experience is your strength. We can advise you on what makes a...

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Why properties are taking longer to sell


POSTED BY Ann Paterson ON 26 Apr 2019 | Comments

Why properties are taking longer to sell

 

As the wider Sydney market undergoes a shift in property prices and supply vs demand, the number of days a property sits on the market for is beginning to lengthen.

 

While many see this as a reason to panic, it’s actually not as bad as it sounds. At Ann Paterson Real Estate, we’ve been around long enough to understand the ebbs and flows of a changing market.

 

Competition may have died down, but there will always be people looking to buy and sell. As the city returns to a more normalised market, buyers are taking longer to make their decisions.

 


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What to do when the property market falls – sell or wait out the market


POSTED BY Ann Paterson ON 26 Apr 2019 | Comments

 

The property market is known to move in a cycle, from a “hot” market where prices rise and property is in high demand, to a slow one where it can turn a little sluggish.

 

As the market falls or slows down, sellers face the question of “when is the best time to sell?” They question whether they should wait out the slow down or list in the current market.

 

If you’re wondering this yourself, consider talking to a property professional about your best options. At Ann Paterson Real Estate, we’ve had extensive experience navigating the changing markets so we feel confident that we can work with you to sell your home at a time that...

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How do elections affect the property market?


POSTED BY Ann Paterson ON 26 Apr 2019 | Comments

 

In the lead up to State or Federal elections, business and large corporations tend to be hesitant about making any huge changes to their processes.

 

Similarly, elections can affect the property market on a number of different levels. Depending on the policies being thrown around or the promises being made, buyers and sellers tend to hold back until the election is over.

 

At Ann Paterson Real Estate, we always have our finger on the pulse when it comes to election time. We want to make sure we can provide our buyers and sellers with all the advice and information they need going into and coming out of an election.

 

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Getting Ready For Winter


POSTED BY Ann Paterson ON 26 Apr 2019 | Comments

 

With summer days behind us now and cooler weather lurking just around the corner, it’s a good time to do some last-minute exterior maintenance to protect your home or your rental, and ensure a warm, safe winter.

Ann Paterson Real Estate is experienced in selling property no matter what the season so we know exactly what you can do to get your home ready for sale in the winter months.

Here’s what should be on your seasonal inspection checklist.

Start with the exterior, fixing rotten timber, then painting to seal it.

It’s also a good idea to wash down steps, paths decks and where ...

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The ABCs of quizzing an agent


POSTED BY Ann Paterson ON 26 Apr 2019 | Comments

After your life partner and career path, few decisions have more impact than who you engage to sell your property. Make a good choice and your bank balance and general health will prosper. A poor choice, however, will cost you precious time, money and peace of mind. To help you choose an agent who is just right for you, it is paramount you ask these six key questions:



  1. Can you provide vendor references?

A good agent will go above and beyond the call of duty to achieve the best price and sale outcome for your unique listing. As a consequence, they will impress their vendors and should not hesitate to put you in touch with past clients only too happy to sing their praises.

 

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How much is your property worth?

Get in touch to learn more about current market trends, conditions and local property sale.