Blog

Welcome to some of my more informal insights into the world of Real Estate. Here I’ll introduce some of the hot topics within the industry and add some of my tips to help you make the most of your career in this business.

3 Reasons You Shouldn't Be the Landlord

Tuesday, July 05, 2016


Being the landlord of your own property sounds pretty easy. You just have to collect rent and take care of the occasional maintenance on the property, right? Unfortunately, being a landlord comes with a host of responsibilities. Hiring a property manager to handle those issues can make your life much easier. The reality is, you shouldn't be the landlord--and there are plenty of reasons why. Read more


Being the landlord of your own property sounds pretty easy. You just have to collect rent and take care of the occasional maintenance on the property, right? Unfortunately, being a landlord comes with a host of responsibilities. Hiring a property manager to handle those issues can make your life much easier. The reality is, you shouldn't be the landlord--and there are plenty of reasons why.

No middle of the night calls. When you're a landlord, you can't guarantee the tenants you'll end up with. Some will be practical: a minor leaking faucet or even a power outage can wait until morning to be dealt with. Other tenants will call you at every hour of the night with the smallest possible "emergencies," insisting that you climb in your car immediately to deal with them. When you hire a property manager to take care of those calls, you'll never be dragged out of bed in the middle of the night again.

Make rent collection easier. You have to collect a check from your tenants every month. From the need to adapt your schedule in order to be able to meet them to feeling harried and stressed as you chase down a tenant who is late with their rent yet again, collecting rent can be one of the most difficult parts of being a landlord. When you hire a property manager, you don't have to worry about any of it: just sit back and let them take care of it for you.

Repairs are far simpler when you use a property manager who already has a network in place. Do you know the best person in town to handle a plumbing emergency? What about the best contractor for repairing damage to the roof after a storm? Chances are, a property management company has a strong network of providers working for them, potentially even with discounts due to the high volume of service they offer. You'll never sit scouring the internet for someone to fix up your rental property again.

If you're convinced that hiring a property manager is the right solution for you, contact us today! We'll make owning a rental property one of the easiest things you've ever done. Whether the rental income is your retirement fund or extra income on the side, you'll be glad that you handed over the responsibility so that your time can be used for other tasks.

Preparing for a Sale: 6 steps to a successful campaign to sell your house

Friday, June 24, 2016


Congratulations on deciding to sell your home! The sale process may seem stressful, but breaking it down will combat a lot of that stress. These 6 steps to a successful campaign to sell your house will reduce the stress and speed up the sale process.  Read more


Congratulations on deciding to sell your home! The sale process may seem stressful, but breaking it down will combat a lot of that stress. These 6 steps to a successful campaign to sell your house will reduce the stress and speed up the sale process. 

  1. Prepare early. Waiting until the last-minute to sell your home adds unneeded stress and pressure to the situation. As soon as you decide that you need to sell, that is the time to prepare for your campaign.
  2. Decide on the best method of sale for the property. Do you want to go through a traditional sale or an auction? This is an important decision that will guide the rest of your campaign. Contact a professional if you need help in making this decision.
  3. Look at the financials. As soon as you get the professional timeline set for your campaign, it is time to look at the financials. When setting your target price for the property consider how fast you need it gone, the market around your property, what you owe on it, and what you need to sign for your next home.
  4. Take a look around the house and address those projects you have putting off. Consider the cost of these projects when you are looking into the financials of selling.
  5. Don't overlook the yard. Potential home buyers shop with their eyes long before they open the front door. Invite them in with well-maintained yards. Address any potential problems with the outdoor living spaces to alleviate stress and have a successful campaign. 
  6. Once the home is ready for the sale, list the property for sale. While you are waiting for potential viewers and buyers, check off any small projects left to do. Stay in regular contact with your sales agent to answer any questions potential buyers have.

You can use these steps on any type of property. For more information on setting up a successful campaign contact us today.

Let's Start with What Your Property is Worth

Would you like to know what your property is worth? Our agents know the market, know your suburb and can give you a realistic, honest price guide. Let's start with a Free Property Appraisal. We'll have one of our agents get in contact with you and help you understand, what your property is worth in todays market. If you want to sell your home before Christmas, we had better get a move on.

10 Things You Need to Do to Prepare Your Home for Sale

Monday, June 20, 2016


Getting ready to sell your home is a challenge. You want to be sure that you're presenting it in the best light possible so that potential buyers can imagine themselves there. Showing off your home's best assets isn't natural to many people, however, so check out this list of 10 things you need to do to prepare your home for sale to make it easier. Read more


Getting ready to sell your home is a challenge. You want to be sure that you're presenting it in the best light possible so that potential buyers can imagine themselves there. Showing off your home's best assets isn't natural to many people, however, so check out this list of 10 things you need to do to prepare your home for sale to make it easier.

1. Make those minor updates that you've been waiting on, whether it's touching up some paint, replacing a door that's hung wrong, or updating appliances from your grandmother's era.

2. Perform the kind of deep cleaning that you haven't done since you moved in. Dust all those surfaces you don't usually see, scrub the floors, and find all the nooks and crannies where dirt likes to gather. Hiring a professional cleaner can be well worth it!

3. Clear out unnecessary clutter. This includes your closets, kitchen cabinets, and spare rooms as well as clutter left out throughout the house.

4. Make it less personal. You want people to imagine themselves in your home, not to see your family there. Take down pictures, pack away personal collections, and look forward to placing those personal items in your own new home.

5. Remove excessive furniture. Bookshelves, toy boxes, lamps, and more may need to go in order to make your rooms appear more open and airy.

6. Tidy up outside, too. Clear out the overgrowth, keep the yard mowed, and make sure your walkways are clear.

7. Fix up a few little things. Updating fixtures and drawer pulls isn't expensive, but it can make a big difference in the way your room is viewed.

8. Don't forget the details! On showing days, put out the pretty towels and add a candle to your bathroom. Don't cook things like bacon or fish that will leave heavy smells lingering through the whole house. Close the toilet. It's the little things that will help attract buyers to your home.

9. Pay particular attention to the entrance. This is the first area that buyers will see when they come into the home. While it might not be a selling point, it will form a first impression that can't be ignored.

10. Brighten up the house by putting in new, bright bulbs in each room, particularly in rooms where potential buyers could spend a great deal of time.

When you put your home on the market, you want to put its best foot forward so that it will attract the right buyer as quickly as possible. Want to learn more? Contact us today for more tips on staging your home and making it stunning.

A Message to our Landlords - from Andrew Drane & Harcourts Hills Living

Tuesday, April 05, 2016


Good morning. Today I want to talk to you a little bit about the current real estate environment, the current market. We're in May 2016, a lot's happened in the last 12 months in real estate.

 Read more


Good morning. Today I want to talk to you a little bit about the current real estate environment, the current market. We're in May 2016, a lot's happened in the last 12 months in real estate.

Only two days ago we had an interest rate reduction for the lowest rate on record, I believe, the official cash right now at 1.75 percent. Many people are asking what effect that will have on the market. Well I can tell you that we've already had a downturn in the market, quite substantially from September, October of 2015.


        This interest rate cut, in my opinion, won't make much of a difference to the market. Look, the market is driven by supply and demand, it's also driven by confidence. Confidence has been low. What I think this rate cut will do however, it will create a bit more confidence in the market, enable those buyers to come again and confidently make offers on property. We also have to understand there's going to be an oversupply of apartments, there already is on the market, especially around the Hills at the moment. If you look around you'll see a lot of development going on, a lot of apartments being built, being constructed.


        There will be a bit of an over supply of dwellings for at least the next 12 to 24 months and that will have some effect on housing prices. Again, my opinion is that the market will remain flat for the rest of this year, but you know what? If you're looking to sell or buy a property you need to know that your real estate professional, or we like to call real estate practitioner, actually does have the knowledge of the market. They know the levers of supply and demand, they know how economic forces are going to effect the property market.


        When it comes to asking a vendor, for instance, to reduce the price of their home or the asking price of their home, you want to make sure that your agent knows what they're talking about and can back up that information or that advice through relevant data. Here at Harcourts, one of the things I insist that my staff do is regularly update themselves with articles from the Financial Review, read relevant articles and documents on the property market so we're always educating ourselves on how the property market works. I think that is absolutely vital in this market when you need relevant and timely advice on the real estate environment.


        I encourage you if you have any questions whatsoever, please give me a call. My number is on the screen below, send me an email, a text, I'm more than happy to discuss the real estate market. In fact, it's a passion of mine. I love doing it. I love training the guys here at Harcourts Hills Living on all aspects of real estate, but please feel free to give us a call just to have a chat. I'm Andrew Drane and I'll see you at the next Q and A.


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