Emily Wallace
speaker
117 appearances
1 recordings
1 series
first heard Mar 2022
last heard Mar 2022
Emily Wallace’s voice in public audio — every appearance, attributed to the second.
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Appearances
As Australia grows and population grows there's a lot of areas that are now being targeted for new freeways or tunnels or you know infrastructure that will actually impact that property
down the track.
So I think understanding that element and then on a micro level, the property itself, is it structurally sound?
Is it fundamentally functional?
Are there aspects that would be better in another suburb if you spent the same amount of money for a different property?
But probably the biggest one around, if it's too cheap, it probably is the notion of underquoting.
Now, I know every state has different laws and rules around how they stipulate the indicative price of a property.
But certainly in Victoria, you know, the quote ranges are very transparent.
Often, when you look at them, or certainly from my point of view, I can look at them and go, that's an underquote.
And the reason you would know that is if you're in the market constantly and have seen comparable properties and you've done your research.
So if you're a buyer out there this year and you're wondering, like, is that too cheap for a reason or is it an underquote?
I would first and foremost do your research on comparable sales in the area that have sold in the last three months to see if the numbers stack up on a land accommodation and location perspective.
If it looks like it's drastically cheaper than everything else, then I would go into investigating a little bit more as to why that might be the case.
And just be frank with the agent.
You know, why is it quoted this way?
I saw property XYZ sold three weeks ago, you know, $200,000 more than this and it's a similar property.
Why is that?
don't necessarily trust everything they say, but certainly query them if you've got evidence to suggest that it is lightly quoted.
Yeah, a very common one, the feeling of being disheartened through the process.
So that's also being around realistic, you know, which is a good exercise to do regardless of a particular property is to do your research as to what you can actually afford because indicative selling price versus actual sale price are two very, very different figures.
Showing 81–100 of 117 · page 5 of 6
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