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TOP EXPERTS TALK ABOUT HOW TO BUY, SELL, RENT AND INVEST… RIGHT To educate, inform and better prepare the public with expert information about how to maximise their real estate transactions and dealings.
Episodes
Thursday Feb 06, 2020
Thursday Feb 06, 2020
Leah Calnan, President of the REIV, talks to us about what agents need to tell buyers and tenants when looking at a property to buy or rent.
As a copywriter and a photographer, we definitely go through some homes with a sordid past. I know I’ve been through homes where you just get that chill through your spine when you step into a room that you feel you aren’t welcome. My brother-in-law even sold the house for the Mornington Monster – john Sharp who killed his pregnant wife and child with a spear-gun. He bought the house in October 2003 for $390,000, killed his family in March 2004, temporarily burying his wife in the backyard, and the house sold, after he was charged for murder, in 2006 for $325,000. It’s creepy stuff… but we are going to get to the bottom of what we need to know before we go and buy or rent a property with a past.
Intro:
Leah Calnan is the President of the Real Estate Institute of Victoria. She has previously served as Vice President and Senior Vice President over the past two years, and was elected the President role in October 2019. Leah is a titan of the property management and rental sector. Leah is the sole director of prestigious Metro Property Management, and was named Property Manager of the Year in 2016. Leah brings more than 24 years of real estate experience to the role, is a passionate trainer, has authored books on real estate and is a highly sought after presenter on rental laws. Welcome Leah.
Grant: leah, how did you get into real estate?
1. How much does an agent need to disclose in Victoria, when it comes to crimes and deaths that happen within a property?
A) Do they have to tell me if I ask, or do they have to say ‘by the way, a gang land killing took place here 10 years ago, but all the riff raff have gone from the area, so there’s nothing to worry about?’
2. How recent does the death or crime need to be, to be disclosed?
3. Carrie from Kew wants to know if an agent can be fined or penalised for knowing, but not disclosing?
4. What happens if the agent hasn’t been told about the negative history?
a. Can an agent be penalised for not saying anything?
5. How does the negative history need to be disclosed? Verbally or in writing?
6. What about other types of disclosure, like if the property is in a flood plain, termites were found 12 months ago, or if a fire took place in the kitchen in the last 5 years?
7. Do we need to disclose if there is a known ghost in the house?
8. What types of buyers really care about the history of the home in terms of crime and death?
9. What should we do if we really want the property, but are worried about the negative energy that may be perceived within the home?
a. In most cases, would it also lower the price?
10. Do disclosures also need to be made when someone wants to rent a property?
a. What are the new Victorian rental laws that will affect disclosure?
11. Do you have any stories about homes you’ve been in that have had a past?
If your interested please find below some links to further information about the Easey St Murders discussed in the podcast:
Original Article Sparking The Case:
Book Murder on Easey Street by Helen Thomas
Enjoy & thanks for listening!
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