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Buying Tips

If you are looking to purchase a property, then you need to be prepared and do your research.

Sales Evidence

Firstly, make sure you get to thoroughly know sales evidence in the suburbs you wish to buy in, this is essential in order to determine the over-priced properties that will require extra negotiation to achieve a realistic price and also highlight any well-priced properties for your consideration.

LAND VALUE
It is a good idea to try and establish the price of the land the house is built on as a starting point for estimating the value of the property. Even though a home may appear to be much better value than another, it may in fact be overpriced because it is on a much cheaper block.

LISTING HISTORY
Also be on the look out for advertisements that say FIRST TIME OFFERED. Read the fine print, it may say...at this price. It could have been on the market for 6 months, or they have just put the price up or down.

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