Peter Rogozik Property Consulting: Your Buyers Advocate - Connecting People and Property |
|
Search Your Buyers AdvocateSubscribe to "The Buyers Advocate"Every six months Peter Rogozik Property Consulting produces its newsletter "The Buyers Advocate, Connecting People and Property". Each newsletter contains a wealth of information on the state of the property market, building and investment tips, legal advice and much more. Helpful LinksContact UsLevel 27, 525 Collins Street PO Box 278 Tel: 03 9689 9080 Yarraville Office International |
Helping Property BuyersIt's one of the most important decisions you'll make.Finding and purchasing the ideal home or an investment property is a complex, stressful process - full of potential risks and pitfalls. To do it successfully usually takes considerable time, money, and skill. What do we do?Peter Rogozik Property Consulting can streamline this process - taking much of the legwork and worry out of buying a property in Melbourne or Victoria. We provide a complete range of buyers agent services for anyone intending to purchase property. We are your buyers' advocate for property in Melbourne and Victoria. Find how Peter Rogozik Property Consultants can help you How we do it?Peter Rogozik Property Consulting manages:
Read more about our complete range of services for buyers and renters
Feature ArticlesAmazing Results - selecting the best investment property for capital growthOur firm has always prided itself on being extremely discerning when selecting an investment property for our clients. The property has to meet strict criteria before we would recommend a purchase. The difference in capital growth between a good choice and the optimum choice can be hundreds of thousands of dollars in the medium to long term. Recently there have been 3 resales of properties I selected on behalf of investor clients. The capital growth was substantial in a relatively short period of time. Property Management - Why Choose UsThe aim of our property management department is to add extra value to our owners. To all our property owners we are prepared to offer the following at no extra cost. Is Your Advocate 100% Independent?As property consultants we have always prided ourselves on being totally independent. We are not aligned to any particular selling agent, property developer or any other group where a conflict of interest could arise. When we search for properties on behalf of our clients the whole marketplace is examined. Our clients can be assured that we will submit properties that best suits their individual needs without fear or favour to anybody. A growing trend amongst buyer's advocates is to advertise their services on the websites of selling agents. In this situation I believe these buyers advocates are setting themselves up for a conflict of interest. Will they favor that particular selling agent when submitting properties to clients? What about a situation where they are negotiating the purchase of a property that is listed with that particular selling agent. Because the selling agent has allowed them to advertise on their web site, are they going to go soft on them with negotiation? I believe there is potential for a conflict of interest. Your Buyers Advocate NewsMelbourne Property Market Snapshot March 2010The second half of 2009 saw the Melbourne property market surge forward on average by 10%. Consumer sentiment changed dramatically as people realized that the global financial crisis wasn't going to impact Australia as it had other large western economies. Confidence was restored with the resulting effect on property prices. Dummy Bidding Alive and WellA real estate agent situated in Melbourne's inner west has resorted to using a dummy bidder on properties that are unlikely to attract multiple bidders. On the 23rd of May of last year I attended an auction in Yarraville with a young couple hoping to purchase their first home. The dummy bidder placed several bids before the property was passed in. I was immediately suspicious as I was aware that this person was an associate of the selling agent in that he provided maintenance services to their property management division. Financial Institutions place restrictions on lending for 1 bedroom apartments - must be 50 sq mtMost financial institutions place restrictions on lending in relation to genuine 1 bedroom apartments based on internal floor area. This policy is ridiculous and archaic. The fact that these financial institutions place such a high emphasis on floor area only demonstrates that they do not understand the fundamentals of real estate, an amazing reality given their resources. Legal Chat - By Andrew Padanyi B.A., LL.B.Despite recent changes to the Sale of Land Act in Victoria (the Act), it’s still possible to unwittingly create a terms contract (as distinct from the usual cash contract) where the vendor gives possession of the property before settlement. This occurs where the contract provides that the purchaser is entitled to possession before final payment. Is Your Advocate 100% Independent?As property consultants we have always prided ourselves on being totally independent. We are not aligned to any particular selling agent, property developer or any other group where a conflict of interest could arise. When we search for properties on behalf of our clients the whole marketplace is examined. Our clients can be assured that we will submit properties that best suits their individual needs without fear or favour to anybody. A growing trend amongst buyer's advocates is to advertise their services on the websites of selling agents. In this situation I believe these buyers advocates are setting themselves up for a conflict of interest. Will they favor that particular selling agent when submitting properties to clients? What about a situation where they are negotiating the purchase of a property that is listed with that particular selling agent. Because the selling agent has allowed them to advertise on their web site, are they going to go soft on them with negotiation? I believe there is potential for a conflict of interest. Top Ten Real Estate MistakesBelow are the top ten errors that buyers make when purchasing residential property for investment purposes. Beware of Blind CordsTragically at least 15 Australian children have died in incidents related to curtain and blind cords since the early 1990s. Most recently, two Victorian infants died after being strangled by cords in August and September 2009. Top ten tips when buildingThere are many traps and potential pitfalls when building a house. Below are my top ten tips however they are by no means exhaustive. Always seek advice from a range of building professionals at every step of the way. Beware of Statisticians who don’t attend auctions.You can rarely make generalizations about property markets in major cities. Unfortunately many statisticians are prone to such errors. Generalizations about property markets are based on the incorrect premise that all properties perform the same from a capital growth perspective. Unfortunately most statisticians who are not in regular contact with buyers and sellers or attend auctions regularly make incorrect observations. When a Proprty Bargain is not a Bargain!I always get a little concerned when property buyers start talking about buying a bargain. More often than not their interpretation of a bargain is flawed. What they have purchased or are going to purchase is a cheap property that will not perform very well from a capital growth perspective. Changes to Foreign Investment RegulationsRecently there have been a number of changes made to the regulations governing foreign investment in Australia. I have outlined a few of the more significant changes. A more comprehensive explanation of the recent changes is outlined on the Foreign Investment Review Board website. Real Estate Investment Tip - Why Property Reports are essentialBefore purchasing a piece of real estate it is so important to examine all aspects of your purchase namely the real estate, building and legal issues. Our property reports has saved our clients much grief, I would like to take this opportunity to cite some examples. Property Management ReviewI have experienced the strength of the Melbourne rental market first hand. With the advent of our property management department we have rented out a number of properties within 10 kilometers of the CBD over the past 6 months. I have been amazed at the amount of high quality tenant applications submitted. It is very reassuring to investors knowing that their properties will not remain vacant for an extended period of time. Blue chip inner urban properties will always perform well from a capital growth perspective this in turn leads to regular rental increases. Rents across Melbourne, especially inner Melbourne, have skyrocketed over the last 18 months. EditorialYour Buyers' Advocate Newsletter Editorial (Issue 13)The Melbourne property market again gathered momentum mid 2009 which resulted in average price growth of around 15 percent. This increase precedes the peak of the market which occurred in November 2007 followed by a reduction in prices due to the effects of the global financial crisis. view the full editorial article
Peter Rogozik Property Consulting in the mediaPeter Rogozik has been featured on the hit television show "Hot Property" and " A Current Affair" (view the video clip here) and in the press. Read about Peter Rogozik Property Consulting in the media
|
| © Copyright 2001 - 2010 Peter Rogozik Property Consulting | |
| PO Box 278 World Trade Centre Vic 8005 Tel: 0419 364 429 Fax: +61 3 9689 2560 | Website created by: Digital Evolution |