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Frequently Asked Questions

Answers

Presentation plays a key role in the selling process. Giving prospective buyers a positive first impression can lead to a quick sale and the best possible price. Before you put your property on the market , pretend you are the buyer and conduct an inspection tour around the entire property and make a judgement.
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Your agent must be licensed and follow a strict Code of Conduct. You have freedom to choose any agent you wish, the agent cannot legally act for you unless you have first appointed them in writing using the appropriate approved forms. You must choose your agent with care and make sure they understand details of selling an Accommodation property and businesses.
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It is important to gain a thorough understanding of the property market and do some homework on the area in which you plan to buy. Talk to agents, source on-line information sources, talk to local councils and the Real Estate Institute of Australia.
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Gather information by "surfing the net", investigate recent sales, read and talk to obtain information. Drive around the area, attend open for inspections or make appointments for private inspections. Pay a number of visits to the property you are interested in. Gain confidence in your agent.
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Consult with financial institutions or finance brokers, so you know what you can afford before you start looking for an accommodation property or business. Shop around and get the best finance deal.
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Very important to discuss your plans with your Accountant and Legal Advisers. Need to discuss GST, Capital Gains Tax, Annual Income Tax and legal requirements on the purchase price and or sale price. If there is a business component it is important the Accountant understands the break up and split before you make the purchase or sale. Lifestyle Property Realty can advise on what questions need to be asked and also make available a list of Accountants and Legal Advisers in the area of purchase or sale of a property.
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Make sure you are clear about exactly when you are responsible for the insurance of your property. It is recommended that the buyer takes out building and contents insurance, effective from the date of signing the contract. Maybe find out about asset protection through a licensed consultant.
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Your agent at Lifestyle Property Realty can assist you with this matter. There are a number of strategies applied to appraise your property. You can also employ a qualified valuer to value your property.
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Your agent Lifestyle Property Realty can advise on this matter. There are regulations and licenses required to operate accommodation properties; eg: parking. Health and Safety Standards, what can be cooked in the kitchen etc. Can hire a consultant to give professional advise. Contact Lifestyle Property Realty about this issue before deciding an outcome.
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If you are operating a business you are required to provide detail on financials. Example: profit and loss statements, income and expenditure, occupancy rates inventories, stock on hand, etc. Your agent Lifestyle Property Realty can assist you with a kit of financial tools, such as owners benefits, P&L, Add backs and appraisal methods.
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With assistance from your agent Deserve A Property Lifestyle a check list will be completed. The listing procedure has been completed and the property is ready to market.
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After signing the Appointment to Act as an Agent, your property details will be put onto the Lifestyle Property Realty web site at no cost. If you would like your property in newspapers, magazines, have signage or other forms of marketing this will be discussed, signed and all costs are supplied by the seller.
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Most communication will be done by emails, telephone and fax. An initial personal consultation will be made and all inspections will be looked at on an individual assessment.
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If you can't find the information you're looking for please contact us. You can also find more information in our Buying a Property and Selling a Property sections.