Real Estate Right

Ep76: Kiani Mills - What Type of Deposit Can You Use to Buy a Property?

Deposits! Cash or bank transfer. Are they the only ways? 

Can we be clever in what we hand over to secure a property? We're going to find out what's allowed and what's not when we speak today with Kiani Mills about what type of deposit you can use to buy property. 

Founding Owner of KLM Conveyancing, Kiani Mills has created an unique and successful conveyancing service with offices in Victoria, New South Wales and Queensland. Kiani started her business 7 years ago while single-handedly raising 2 young children, building her reputation through drive, determination, trust and accountability to the business it is today. A reputable speaker appearing on Ticker Property News, the 'Geared for Growth' podcast and recently attending a Tony Robbins conference. 

1. I have a list of items that are great deposits and some which need clarification.

When buying a home, can we use:

a). Cash as a deposit?

b). Are cheques still used?

c). A bank transfer?

d). Cash in foreign currency?

e). Bank cheque?

f). Deposit Bond?

g). Bonds?

h). Gold or silver bullion?

i). TAB account?

j). Bitcoin or other crypto currency?

k). Share dividends?

l). An object like a car, watch, a bag of cocaine etc?

m). A winning lottery ticket transfer?

n). Rely on the government incentives as the deposit.

 

2. So when we choose to do a 'bank transfer' can the money be transferred from someone else's account, say the bank of Mum and Dad instead of the name of the actual purchaser/s?

3. As most people have a limit when doing a bank transfer from their own account, when buying a property at auction, how much do we need to come up with on the day?

   a). How do we get the remaining deposit to the agent?

   b). How long do we have to get the remaining deposit to the agent?

4. What happens to the deposit while we are waiting on settlement?

5. What is a section 27?

6. Can you buy a house in Australia using an overseas financial lender?

 

OFFERS:

15% off for any clients who mention Real Estate Right.

Kiani can be contacted on 0439 999 010 and (03) 9448 8282

Email: kiani@klmconveyancing.com.au

 

Need Copywriting?

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Email: orders@realcopyright.com.au

As well as sales copy, we can also assist you with: 

• Rental copy
• Staff profiles for your new and existing staff members
• Marketing letters/emails
• Newsletter articles
• Marketing material for listing kits, mail outs, etc
• Website blogs
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Ep75: Town Taster - Heathmont

Louise Carrigg is the Director of Barry Plant Heathmont and Ringwood. Louise and her team have been the No 1 agent in Heathmont for 8 years running. She lives and breathes the suburb, and is currently renovating her own Heathmont home for the second time!

1. How have you found the market in Heathmont?

2. Heathmont was originally a large apple orchard on the outskirts of Ringwood. What is it like now?

3. What makes people choose Heathmont over other areas like the bigger areas, like Ringwood?

4. Heathmont sits on two sides of Canterbury Road, is there a more popular side that drives the dollar up more?

5. What price ranges could we see in Heathmont?

6. How about for investors - do investors and tenants actively seek  properties in Heathmont?

7. Is Heathmont a suburb people actively search for, or do they stumble across it when they search for Ringwood and Bayswater?

8. What do you believe makes Heathmont different to the bigger suburb in the outer-east?

9. What's an unexpected surprise in Heathmont?

10. Do you think Covid has changed  the way people look at Heathmont?

 

CONTACT:

Louise Carrigg can be contacted by email at:   lcarrigg@barryplant.com.au

Phone: 041 482 7652

 

Featured in the podcast are residents Andrew & Wayne, Kaylah from Bendigo Bank and Rob who is the President of Heathmont Football Club. Thanks also to Louise Carrigg from Barry Plant Heathmont & Ringwood. 

Thank you for coming on as guests. 

 

Need Copywriting?

Call the 'Real Copy Right' Hotline: 5977 8889 

Email: orders@realcopyright.com.au

As well as sales copy, we can also assist you with: 

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• Staff profiles for your new and existing staff members
• Marketing letters/emails
• Newsletter articles
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Ep74: Nicole Jacobs - Choosing the Right Vendor Advocate for You

Vendor advocates are becoming a vital part of the real estate selling process, as they are more savvy in knowing exactly what the market has to offer, and what will make you the most money.  They are there to hold your hand when you need your hand held, but also there for you when you can't be at the property. Today we are going to find out how to choose the best vendor advocate to help you sell your property.

Recently moved to Whitefox Advocacy, Nicole Jacobs is still as lovely as ever, ready to help buyers and sellers make the most of their property journey. Nicole is one of the buyer's advocates on 'The Block' and offers an exceptional service, removing the emotion out of the sale and focusing on the value of the property and how it works for her clients.

1. Why do people use a vendor advocate instead of just using a real estate agent?

2. What are the Top 5 things we should be looking for in your vendor advocate?

3. Should your vendor advocate be actively involved in selling your property or just advising you, as their client?

4. Does it cost more to use a vendor advocate?

5. How can we see a vendor advocate in action?

 

WIN, WIN, WIN!!!

Win a copy of Nicole Jacobs book "Sold".

Head to the competition post on our Facebook and Instagram and tell us your buying or selling story to be in the draw. Don't forget to like and share the post to enter.

 

Contact:

Nicole Jacobs can be contacted by email: nicole@whitefoxadvocacy.com.au

or you via the website: www.whitefoxadvocacy.com.au

 

 

Need Copywriting?

Call the 'Real Copy Right' Hotline: 5977 8889 

Email: orders@realcopyright.com.au

As well as sales copy, we can also assist you with: 

• Rental copy
• Staff profiles for your new and existing staff members
• Marketing letters/emails
• Newsletter articles
• Marketing material for listing kits, mail outs, etc
• Website blogs
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Ep73: Evan Davis - The Difference Between a Bank and a Mortgage Broker

Gone are the days where we would build a relationship with our local bank manager - the person who would know how we save and spend, the person who knew all about our investments, and probably the person who looked after our parent's or brother's or sister's finances. With so many changes in the financial sector over the last 20 years, those looking for a mortgage have lost the confidence in getting the best deal with a bank and are turning to mortgage brokers. Today we will find our why?

Evan Davis, Founder and CEO of Money Cat Finance has over 15 years of experience in mortgage broking and multiple successful ventures in the property development and investment space. Evan specialises in self-employed lending and has a passion for helping Australians realise the great Australian dream of home ownership. 

1. How is a mortgage broker different to a bank in ways they can help you?

2. What is the percentage of home loans that go through a bank vs a mortgage broker?

3. Why are people more confident with mortgage brokers now?

4. What legislation has passed after the Royal Commission to make mortgage broking more acceptable than going through banks by Australians?

5. How do mortgage brokers get paid?

6. How has banking changed for the big 4 banks?

7. How often should we review our home loans?

   a). Why is this more acceptable now? Previously, you would never change your home loan.

8. The big banks really only want to help the securely employed, how do mortgage brokers help self-employed business owners?

 

Contact:

Evan Davis at Money Cat can be contacted on: 0413 467 246

or email: wave@moneycat.com.au

 

Need Copywriting?

Call the 'Real Copy Right' Hotline: 5977 8889 

Email: orders@realcopyright.com.au

As well as sales copy, we can also assist you with: 

• Rental copy
• Staff profiles for your new and existing staff members
• Marketing letters/emails
• Newsletter articles
• Marketing material for listing kits, mail outs, etc
• Website blogs
• Large scale development brochures and websites

 

Ep 72: Bill Pastou - The Importance of a Pre-Purchase Building Inspection

More and more, we are realising that getting a pre-purchase building inspection is necessary when buying property. While a bad report may not deter you from buying the property, at least you are armed with the knowledge of what needs to be done, and what it will cost, so you can bid on the property accordingly. Today, we will find out more about how you can use your pre-purchase building inspection to your advantage.

With over 20 years in the building and construction industry, Bill Pastou is a building consultant and franchise owner of Jim's Building Inspections- Northcote. He's passionate about everything to do with building and keeps a keen eye on real estate in Melbourne's Inner North. Respected in the real estate industry for his efficiency and comprehensive reports, Bill is one of the leading building inspectors in Melbourne. 

1. What is a pre-purchase building inspection?

2. How much would one cost?

3. What is involved?

    a). How much notice do buyers need to give you and what's your turnaround?

    b). Do you contact the agent to organise the inspection, or do you turn up with the buyer?

4. If I saw a property this weekend that was going to auction the following weekend and I wanted you to do an inspection on it, would that be enough time to buy the property?

5. How often do you tell a buyer that it's not a sound property? or is it more that they are informed and purchase the home knowing they will need to spend more money to get it right?

6. How many pre-purchase inspections do most buyers do before they actually buy a property?

 

OFFER:  

You can get 10% off your building and pest inspections when you mention Real Estate Right Podcast.

Contact: Bill Pastou at Jim's Building Inspections on 0425 804 566

or email: northcote@jimsbuildinginspections.com.au

 

Need Copywriting?

Call the 'Real Copy Right' Hotline: 5977 8889 

Email: orders@realcopyright.com.au

As well as sales copy, we can also assist you with: 

• Rental copy
• Staff profiles for your new and existing staff members
• Marketing letters/emails
• Newsletter articles
• Marketing material for listing kits, mail outs, etc
• Website blogs
• Large scale development brochures and websites

 

Ep71: Josh Summers - Flipping Properties

Flipping properties is something that can make you quite wealthy if you know what you're doing and have the right people behind you...if you don't... it could be a financial and physical mess. Today we have an expert 'Flipper' to explain what you need to get started.

Josh Summers is a young successful renovator who flips properties for a living.  He has the backing of people like Frank Valentic from Advantage Property Group, My Mortgage Freedom and Peritum Property to help him find the right property and the money he needs to make it happen. He has found a balance between investing in the property market without sacrificing lifestyle, which means he gets to enjoy life, travel and spend time with family. 

1. How does one 'Flip a Property?'

2. What sort of return as a percentage are you looking for when you search for a property to flip?

3. What suburbs are the best to find properties to flip?

4. In terms of renovations, what should be the bare basics you should do when you flip a property? (ie paint, floors, new kitchen, bathrooms, etc)

5. What are some of the structural issues that makes you decide this is the right property to flip or it's not?

6. How often do you find that you need to do things like re-wire, re-plumb, re-stump, etc? How much can that add to your budget?

7. What are some of the key recommendations you should do before you buy a property to flip?

8. What financial concerns should you have when flipping a property? (tax, unforeseeable costs, agent's fees, etc)

9. Lastly, can you give us an indication on what is the most you've made on a property, and what has been the least?

 

Need Copywriting?

Call the 'Real Copy Right' Hotline: 5977 8889 

Email: orders@realcopyright.com.au

As well as sales copy, we can also assist you with: 

• Rental copy
• Staff profiles for your new and existing staff members
• Marketing letters/emails
• Newsletter articles
• Marketing material for listing kits, mail outs, etc
• Website blogs
• Large scale development brochures and websites

 

Ep70: Town Taster - Point Cook

The longest serving agent in Point Cook, Tony Skrekovski was selling blocks of land off the bonnet of his car in 1996 on Point Cook Road which led him to found Barry Plant Point Cook, which has grown to be the leading agency for sales and rentals in the suburb. In 2008, his agency won the coverted REIV Best Real Estate Agency in Victoria. 

1. Obviously, the suburb began as the base of the Royal Australian Air Force, how much influence is still there from the RAAF?

2. Point Cook is quite a big suburb with Sanctuary Lakes Golf Club in the middle, are there more expensive pockets of Point Cook to other parts?

     a). Is the community infrastructure quite established?

3. What attracts people to Point Cook?

4. What price ranges could we see in Point Cook?

     a). What expected capital growth would you see in Point Cook?

5. Is it a good place to rent or invest?

    a) What's the percentage of tenanted vs owner occupied properties in Point Cook?

6.  Is Point Cook a suburb people actively search for?

7.  What makes Point Cook different to other suburbs in the west?

8.  What's an unexpected surprise in Point Cook?

 

Featured in the podcast is  Chris from Integral Tuition, Point Cook Resident, Kathryn Josevski and Tony Skrekovski from Barry Plant Real Estate.

Thank you for coming on as guests. 

 

CONTACT:

Tony Skrekovski can be contacted by email at:  tskrekovski@barryplant.com.au

Phone: 0419 555 772

Website: https://www.barryplant.com.au/real-estate-agents-tony-skrekovski/

    

Need Copywriting?

Call the 'Real Copy Right' Hotline: 5977 8889 

Email: orders@realcopyright.com.au

As well as sales copy, we can also assist you with: 

• Rental copy
• Staff profiles for your new and existing staff members
• Marketing letters/emails
• Newsletter articles
• Marketing material for listing kits, mail outs, etc
• Website blogs
• Large scale development brochures and websites

 

 

EP69: Sophie Lyon - Residential Tenancy Bonds - What's the Procedure from Start to Finish

A Residential Tenancy Bond is a necessary evil when you're renting a property. It's money that you put upfront as a guarantee that you will look after the property. It's usually one month's rent, however prior to the new legislation coming out last month, agents and investors were asking for more. Now that the new legislation is in, residential tenancy bonds have certain maximums they can't exceed. Today we are going to find out everything else you need to know about your residential tenancy bond.

Sophie Lyon has worked in property management for more than 30 years, and is currently the Director and General Manager of Property Management at Jellis Craig - Boroondara. Sophie is actively involved as Director of the REIV, and is an accredited trainer currently focusing on delivering training for the new Residential Tenancies Act. 

 

1. Say I'm 20 something, my parents have never rented so they have no idea, and I want to rent my own place for the very first time in my life. Scary, but exciting at the same time. It's frustrating as I know I can pay my monthly rent, but why do I need a bond as well?

2. Where does that money go?

3. How much bond is required?

4. Can the bond go towards the last month of rent?

5. I want to vacate the property next month, how do I get my bond back?

6. What complications can there be to get the bond back?

7. What's your best advice for first time renters?

 

 

CONTACT SOPHIE at Jellis Craig - Boroondara.

Phone: (03) 9810 5053

Website: jelliscraig.com.au

 

Need Copywriting?

Call the 'Real Copy Right' Hotline: 5977 8889 

Email: orders@realcopyright.com.au

As well as sales copy, we can also assist you with: 

• Rental copy
• Staff profiles for your new and existing staff members
• Marketing letters/emails
• Newsletter articles
• Marketing material for listing kits, mail outs, etc
• Website blogs
• Large scale development brochures and websites

 

 

 

 

 

Ep68: Kiani Mills - Stamp Duty Concessions

Stamp duty is that unexpected cost that is associated with buying property. It's tens of thousands of dollars we have to give to the State Revenue office for the privilege of buying property, and investors get slugged even more. Even with prices of property going up, the percentage of stamp duty is unchanged, making it an outstanding earner for the state government. Today, we are going to find out how we can make the most of the current stamp duty consessions when buying property in Victoria. 

Founding owner of KLM Conveyancing, Kiani Mills has created an unique and successful conveyancing service with offices in Victoria, New South Wales and Queensland. Kiani started her business 7 years ago while single-handedly raising 2 young children, building her reputation through drive, determination, trust and accountability,  to the business it is today. 'Member of the Year' at BNI, a global netowrking group in 2019, Kiani is here today to talk to us about buying property interstate, and how to understand the different conveyancing needs.

1. Who can get stamp duty concessions?

2. What type of concessions are there?

3. How is stamp duty calculated?

4. Is there a deadline to when you get the stamp duty concessions? 

    a). Is it the purchase date or the settlement date?

5. Can you get stamp duty concessions if you buy out your ex partner?

6. Can you claim back your stamp duty in your tax return?

7.  Is there any other ways we can reduce our stamp duty?

 

OFFERS:

20% off the Total Bill of KLM Conveyancing services if you say you heard about KLM Conveyancing through Real Estate Right.

Kiani can be contacted on 0439 999 010 and (03) 9448 8282

Email: kiani@klmconveyancing.com.au

 

Need Copywriting?

Call the 'Real Copy Right' Hotline: 5977 8889 

Email: orders@realcopyright.com.au

As well as sales copy, we can also assist you with: 

• Rental copy
• Staff profiles for your new and existing staff members
• Marketing letters/emails
• Newsletter articles
• Marketing material for listing kits, mail outs, etc
• Website blogs
• Large scale development brochures and websites

 

Ep67: Frank Valentic - Top 10 Questions You Should Ask Your Agent When Buying Property

With so many buyers out there keen to take advantage of government incentives, or create a change of lifestyle, it's imperative to show the agent that you are interested in the property by asking the agents the right questions. Today, we will countdown the Top 10 questions you need to ask your agent when buying a property.

Frank Valentic, from Advantage Property Consulting is one of the most familiar faces in Melbourne real estate. He can help you buy your dream home, development property or investment, as well as be on your team as a vendor advocate to help you sell your property.

Today, we are asking you 'what your top 10 questions a buyer should be asking an agent' 

10. What's number 10?

9. What's number 9?

8. What's number 8?

7. What's number 7?

6. What's number 6?

5. What's number 5?

4. What's number 4?

3. What's number 3?

2. What's number 2?

and Lucky Number one?

 

OFFER:  

Free 1 hour Property Consultation or Free review of your property portfolio. Valued at $500

 

Contact:

Frank Valentic can be contacted by calling Advantage Property Consulting: (03) 9883 8900

or by email: buyer@advantageproperty.com.au

 

Need Copywriting?

Call the 'Real Copy Right' Hotline: 5977 8889 

Email: orders@realcopyright.com.au

As well as sales copy, we can also assist you with: 

• Rental copy
• Staff profiles for your new and existing staff members
• Marketing letters/emails
• Newsletter articles
• Marketing material for listing kits, mail outs, etc
• Website blogs
• Large scale development brochures and websites