No Agent Property Tips: Perth’s Top 5 Suburbs for 2016

Perths Top 5 Suburbs for 2016-No Agent Property Tips

Learning about the No Agent Property market, a.k.a For Sale by Owner, means keeping abreast of the latest in suburb news in Australia. This time we’re covering the top Perth suburbs.

Perth may not be as busy as Melbourne or Sydney, but its laidback appeal is what most people are looking for. If you’re searching for good pickings, there are a handful of suburbs here that may just convince you to move.

Location is surely a factor in options, and the properties along the coast and riverside are usually first prospects in buying houses. Suburbs nearer to the city and less affluent districts are prime targets in searching for rentals.

Considering your lifestyle and the amenities that complement, here are the top five Perth suburbs to note in your No Agent Property search before the year ends.

Armadale

Perths Top 5 Suburbs for 2016-No Agent Property Tips

As early as 2014, median house prices in this suburb steadily increased from 7%, currently at $325,000. Continued development of the area only improved its reputation and marketability, especially for investors. Affordable homes in the No Agent Property market of Armadale appeal to prospectors on a budget, and ongoing infrastructure projects perk up local offerings.

Armadale has enough transport nodes to ensure easy commute. It’s an important junction between the South Western and Albany Highways, and the Armadale railway line is also one of five servicing Perth. Leisure spots like Minnawarra Park and Araluen Park sweeten the deal.

Balcatta

Perths Top 5 Suburbs for 2016-No Agent Property Tips

If you’re after a No Agent Property closer to the bustle of the metropolis, this suburb should be on your short list. It’s a mere 12 km from the Central Business District; this central location is appealing for those who want proximity and the convenience of larger space. Balcatta is the affordable option, and it comes with many perks.

This suburb is also commercial and industrial, and its appeal to middle-class investors is its affordable prices. The median range is $540,000, not bad considering its proximity to the CBD.

Subiaco

Those familiar with this suburb consider it as first pick for No Agent Property deals, and for good reason. Living in “Subi” is a lifestyle statement. It’s very close to the city, and the variety of leisure, sporting, and dining options makes you feel you’re living in suburb near the busier cities. Subiaco is currently the pet of ongoing redevelopment, making it the prime prospect for families, single young professionals, students, and even retirees.

Notable spots here include China Green, the old Ace Cinema, King’s Park, and Swan River. Also near Subiaco are Perth’s soon-to-open Children’s Hospital and the University of Western Australia, bonus amenities you can’t overlook.

Perths Top 5 Suburbs for 2016-No Agent Property Tips

Victoria Park

It’s an inner-city suburb four kilometres south of the CBD. The convenience is only matched by character, which is why properties here are sought-after by investors.

Notable here is the busy café strip along Albany Highway, a spot for the savvy leisure-seekers. Top this with tree-lined avenues and themed home designs, and Victoria Park offers good investments at reasonable prices.

As side note, this suburb is also close to the Curtin and TAFE campuses–something to consider if you’re after rentals and leased properties.

Cottesloe

Median prices of houses in Cottesloe fetch a price tag of around $2 million. This is still reasonable, considering its location. Nestled between Perth and Fremantle, the vibe is as laidback as the nearby beaches. And the diverse mix of residents keeps the community interesting.

Entry costs to rental houses fetch around $1,000, $5,000 a month for apartments. It’s safe to say “Cott” is the suburb to be if money isn’t a problem and you won’t settle for anything less than ideal in the city.

No Agent Property Forecast in Perth

Perths Top 5 Suburbs for 2016-No Agent Property Tips

This is a good time to dive into the No Agent Property Perth’s suburbs, especially the ones on the list. These are either up-and-coming or reliable investments, and value is expected to increase next year.

As always, it helps to do the legwork and research on worthwhile prospects. Consider the median price for the area, sales and rental returns, current and projected developments in your decision.

A house in a Perth suburb could be your next best in investment!

Have a house or business to sell in Australia? We can help! For a one-time nominal fee, zerocommisison.com.au will list your property or business on the top websites in the country. Learn more on our site and sell a home or business privately today!

Like this post? Check out our other blog posts to deepen your knowledge of the Australian property market:

Find out why our For Sale by Owner customers are extremely satisfied

Today, selling a house in the For Sale by Owner industry is not only an easy feat, it’s the most practical route. Selling a house privately has never been this simple and effortless. The Internet is constantly evolving. Thanks to social media and a dynamic real estate industry that’s shifting to online real estate agents, selling a house yourself is the smart choice.

We here at zerocommission.com.au make it our mission to not only provide a user-friendly experience for our customers, we aim to help save you thousands of dollars in the sale of your home. The average commission of traditional agents in Australia is a staggering $14,090! Imagine getting to keep that money in your own pocket and not an agent’s.

for sale by owner sell a house privately Australia

But don’t take our word for it. We have a list of very satisfied customers who’ve sold a For Sale by Owner home through us. Here’s what some of them have to say about zerocommission.com.au

Note: These are REAL people and they’ve given us their consent to talk to people like you who are interested in our services. Should you wish to get in touch with one of our happy customers, email us at office@zerocommission.com.au

For Sale by Owner Customer Testimonial #1

Zerocommission.com.au is a great Australian company! They’ve been an absolute pleasure to deal with–always there to assist me and offer tips and guidance when needed.

I thought I might not get the attention and after-service promised after I paid my money, being an Internet-based company. How wrong was I! It was everything they promised.

Heather from Dubbo, NSW

As mentioned earlier, we don’t take any commissions, unlike old-school real estate agents who pocket thousands of $$$ after each sale. Instead, for a nominal fee of $299 ($50 for rentals), we’ll list your For Sale by Owner property on the top real estate sites in the country (RealEstate.com.au and Domain.com.au) UNTIL SOLD.

Is that fee recurring or one-time? You pay only once! No hidden fees, no monthly dues.

for sale by owner sell a house privately Australia

For Sale by Owner Customer Testimonial #2

I’ve just listed our house on RealEstate.com.au and Domain.com.au, thanks to the services of Stephen of zerocommission.com.au whose been in Real Estate for over 30 years and found a better way to help BUYERS find their new home….

Who needs real estate agents who take advantage of your sale by charging you tens of thousands of $$$ to do…what?

As my solicitor said, “No one knows your property better than you and no one can be as honest”.

If you’re thinking of selling your home, I recommend you talk to these people first. My listing took me 10 minutes to do and I had immediate support and assistance. Don’t list your property until you chat to Stephen. It doesn’t matter where you are in Australia….Be sure to check out his latest offers and tell him I sent you!

– Sue, Brisbane

After you’ve created an account on our easy-to-use website, you’re then given the ability to create and manage your listing. You can also edit your listings as many times as you wish with zero charges.

We understand that potential home buyers can also be reached outside the online world. A For Sale sign will be mailed to you free of charge. We strongly advise you place this sign on your property to increase your chances of attracting buyers.

Buyer enquiry details are delivered directly to your email. We also provide 24/7 customer support to all our customers!

for sale by owner sell a house privately Australia

For Sale by Owner Customer Testimonial #3

We tried zerocommission.com.au and sold our house sooo fast, we didn’t even have time to put the sign up.

Because we didn’t have real estate fees, we were able to lower our price and then it was a really good deal for a buyer.

Zerocommission.com.au was always helpful and informative. The price we paid to them was equivalent to an ad for two weeks in the local paper’s real estate page, which no one even looks at now.

It’s definitely the way to go. We can’t thank them enough. Thanks, zerocommission.com.au!

–  Julie A. from Mareeba, QLD

These are just some of our happy customers who sold a For Sale by Owner home in Australia through us. Email us today (office@zerocommission.com.au) if you wish to get in touch with one of these satisfied clients. Or head over to our site and list your real estate property for sale today!

4 Common Mistakes You Must Avoid When Selling a Business

selling a business Australia for sale by owner

Are you attempting the feat of selling a business? This is not like the smaller goal of, let’s say, selling a mobile phone, your second-hand clothes, or even a car. Selling a business isn’t difficult but mistakes can be made.

Each day owners of small businesses around the world commit particular mistakes when trying to sell their enterprise. Learn from their blunders instead of committing these errors yourself.

We put together the 4 common mistakes to avoid when selling a business. Knowing and avoiding these tips can easily save you thousands of dollars.

Mistake #1: Failing to do promotion/marketing work when selling a business

Don’t fall into the trap of assuming a third-party will do the necessary promotional work for you when you’re trying to sell your business. Nobody knows your business more than you do.

Even the most expensive or most experienced broker will not be as passionate about your business as you are. You’d be very hard-pressed to find someone who knows the inner workings of your own establishment as much as you do. If being motivated about selling your own business were a contest, you’ll be sure to take home the first place trophy. And there’s no doubt about it.

This is not to say you don’t work with third parties to help sell your business. But don’t just sit back and wait for someone else to do the entire marketing job of selling your business for you. Share the post on your social media. Email and share the link of your business for sale to friends and colleagues.

Potential buyers would, of course, want to talk to the previous owner. Your level of experience and expertise about the company will be way ahead of anyone else. Communicating with the buyer directly will seal the deal and help you sell a business faster.

Mistake #2: Failing to plan ahead or refusing to sell at the right time

selling a business Australia for sale by owner

Trust us, you don’t want to wait too long or fail to plan the sale of your business. Selling a business is not as simple as selling some tangible item. There’s a window of opportunity that you just can’t miss.

Planning for the long term is crucial if you want to close the sale. You can’t just decide to sell a business on a whim. This means being meticulous about your records, providing interested buyers a comprehensive history of your company and keeping a portfolio about your business.

Your thorough planning won’t be put to waste if you’re looking to sell a business. Have all the records and your pitch ready so that when an interested buyer comes along, you don’t have to scurry and put together a sloppy mess of a proposal. No potential buyer will be impressed.

Mistake #3: Selling a business to an unfit buyer

Don’t just grab the first offer you see, unless there’s a concrete reason why you’re looking to sell a business fast. Remember that the first offer is probably not the best offer you can find.

Is someone offering to buy your business with no deposit yet wants a lengthy contract? This is a blatant red flag.

The proceeds of the business can go south after the new owner takes over. Without any money down, you could be left dealing with the failure of a business you thought you were retiring from.

Be wary of any potential buyers who lack experience in the business arena. The new owner may lack business experience, have a closed mind or be a poor leader. Ensure the details of the sale benefits you and meets your goals. This means knowing why you’re selling your business in the first place.

Mistake #4: Over or under pricing your business for sale

selling a business Australia for sale by owner

Now is not the time to be unrealistic. You don’t want to waste anyone’s time by setting the price too high or too low when trying selling a business.

Are you expecting too much for a business that’s not generating steady income? This is where meticulous planning plays a vital role. Consider factors such as your competitors, industry, customers and current market trends when pricing your business for sale.

Is your business stuck in a rut, not producing any income? Then you’re going to have to consider a going-out-of-business sale instead of quoting a steep price. What’s the advantage of a going-out-of-business sale? Immediate cash is one. Next, you get getting the business out of your hair. Let someone else, hopefully someone with more experience, handle your enterprise if it’s not making money.

If you’re feeling low and uninspired over a losing business, selling to the right buyer might be the solution. Sometimes cutting your losses and admitting defeat is the better course of action than milking a dried up cow.

But don’t act impulsively either. One common mistake of business-people is deciding to sell based on negative emotions. In effect, they end up pricing their business for sale too low. This is most true when owners decide to sell right after an unwelcome event happens, such as when illness hits or the tangible effects of financial woes. Timing is key.

Research, research and research when your goal is selling a business. Also, careful planning and acting out of logic instead of emotions will help you avoid these common mistakes when you put up a business for sale.

Like these tips? Check out our other marketing tips to help you close For Sale by Owner deals in Australia:

Rent My House: Terms to Include in a Lease Agreement

rent my house in Australia DIY landlord tips

You met your goal of rent my house in Australia but how would you feel if you find your apartment painted neon green on your next visit? This isn’t so bad, unless you’re the landlord. The culprit is your tenant, who was gracious enough to do repaint the walls for you. Being a DIY landlord is easy if you cover your bases and thread out loose ends.

What can you do when life gives you a lemon? You squeeze it and chalk it up to experience. Avoid mishaps by including these terms in the rental agreement. Even if you’ve filtered applicants like a lion picking out prey, it’s still possible the one you choose ends up a disappointment. This is why your terms of agreement need to be rock-solid and watertight. 

Here are six terms of agreement crucial in for rent by owner properties:

Term #1: Names of every tenant

rent my house in Australia DIY landlord tips

If multiple tenants are sharing your property, then everyone should be accountable and responsibility. Shared space has its limits, often within the bounds of hangouts and sleepovers. It’s a different story if you have what’s pretty much like the entire cast of Friends couch-surfing in your apartment without your permission. It’s important everyone is present during the walkthrough and upon signing.

You need the names of each tenant when you finally choose who’ll say yes to your rent my house ad. Every tenant indicated on the terms of the lease is responsible for the full amount of the rent, also on the state of your property. This means you can hound one tenant for the entire rent, even if others skip or move out. You can also end the tenancy for everyone with due cause. How’s that for evil genius (insert maniacal laugh)?

Term #2: Occupancy restrictions

rent my house in Australia DIY landlord tips

The terms should indicate the unit is exclusive residence to signed tenants. Children or dependents are also named and accounted for. Being particular with this policy gives you the right to say who gets to stay.

Remember, you screened and shortlisted for applicants, and only those approved should be allowed tenancy. Set the limit on allowed number occupants; this is for your own peace of mind. The clause is valuable because it prevents anyone from crashing your place, at the invitation of any tenant.

It’s also a safeguard from subletting. You don’t want anyone mooching rent money out of your property. Tenants who put up ads that say rent my house are a cause for concern. A tight agreement that spells out the occupancy restrictions an easily solve this problem.

Term #3: Duration of tenancy

This is an essential provision in managing for rent by owner properties. The document must indicate if it’s a rental or fixed-term lease arrangement. Rentals expire every month and renew automatically (unless terminated). A lease usually lasts a year, and terms are reviewed or adjusted upon expiration.

Decide how long you want the rent or lease to last. Consider tenant preferences as well, adjust the duration if you can. Everyone should have the same expectations, and one party should be allowed to end the tenancy if the other doesn’t hold their end of the deal.

Term #4: Rent

rent my house in Australia DIY landlord tips

Specify the amount of rent due, the regular due dates (first of the month, 15th of the month?), and how the tenant sends payment.

If you’re willing to accommodate a grace period, keep it down to two days. Setting payment options also spares you from the usual alibi of “I couldn’t reach you yesterday so I used the rent money to order Google Glass on eBay instead.”

Detail out your preferred payment methods (if you accept checks), any fees on late payments, and charges on dud checks. You’re in business for profit here, so close all the loopholes you can find.

Term #5: Terms on security deposit

This can be sketchy territory in for rent by owner properties if you don’t lay out the terms in detail, just to be sure. Avoid confusion and lawsuits by minding the details, including:

  • The amount of the deposit (must comply with state laws)
  • Specific provisions on how you’re allowed to use it (and how the tenant can’t use it)
  • How and when you’ll return the security deposit, at the end of the tenancy
  • An accounting of the deductions
  • Non-refundable charges (cleaning, coverage for pets)

And be clear that the security deposit isn’t meant to cover for unpaid rent.

rent my house in Australia DIY landlord tips

Term #6: Repair and maintenance

Your tenant will depend on you on the smallest upkeep if you don’t detail terms. You may even be liable for uncollected garbage! The tenant is expected to be responsible for keeping the property clean and orderly. They’re also liable for damages caused by neglect. You can also choose to prohibit installations or renovations: burglar alarms, built-in dishwashers, even wallpaper.

Tenants are responsible for informing you of damage and defects on your property. Detail how you’re going to handle alerts and requests, which are urgent enough and need immediate attention, and which ones you can put off for the weekend.

Managing a for rent by owner property comes with perks. Cover your interests in the terms to ensure a smooth lease. There are fewer kinks to straighten out, and hopefully you’ll always be on your tenants’ good side. Be the landlord your tenant wants to see, even on rent-is-due day.

Ready to look for tenants and rent your home privately in Australia? For $50 we’ll list your property UNTIL LEASED. Learn more here.

Being a DIY landlord can be a very rewarding experience. You might like our other blog posts to help you manage a rental property like a pro: