Beware Low Commission Companies
I sell a lot of property around the Banksia Grove and Wanneroo area. Recently I have started to notice an increase in the number of low commission or discount real estate companies. They come into an area advertising heavily that they can sell your property for a very cheap fee (some as low as $5,000!). Just be aware that a lot of times these companies have numerous extra costs to those fees. So for example they might advertise a selling fee of $6,000 but then they will charge $200 for every home open and charge you for the final inspection. Once you start adding up these fees it can get very expensive.
The other thing to factor in is what marketing plan they are providing for this discounted fee. In a lot of cases there marketing plan will not be strong as the other companies. For example i can get you on 19 different Internet real estate websites, 6 Major shopping centre locations and have 2 exclusive buyer matching systems. If these other companies cannot offer you this then you will not be getting extra exposure to buyers and hence this will reduce your overall sales price.
Also you should factor in the experience that the sales consultant has. Some of them discount because they are new and do not have the same level of experience and skills as other agents.
So overall i am not saying you should not sell your property with these companies just that you should be aware of what they are offering in relation to other agents and make sure you are comparing agents on the overall package they can offer not just on who has the lowest commission.
Banksia Grove New High School
The State Government has announced that a new public high school will be built in Banksia Grove by 2015. The school will be built on Joseph Banks Boulevard and will cost $45 million.
First Home Buyers Give Real Estate Sales A Lift
892 first home buyers received the First Home Owner Grant last month, the number since the Government scrapped the First Hombuyers Boost in December 2009. This upturn may be an early recovery sign given that most first homebuyers are purchasing a property from a seller looking to trade up, which in turn simulates the entire market. The figure is still 15% below the 11 year average however so improvement is still needed.
The median entry house price for first homebuyers is $410,000. According to REIWA the top areas for first homebuyer activity is Baldivis, Canning Vale, Ellenbrook, Banksia Grove and Piara Waters.
REIWA Perth Property Update December 2010
REIWA has just released its latest figures for the Perth property market for the December 2010 quarter.
Perth median house price was $480,000 which is a drop of 1.8% from the September quarter of $489,000.
Average days on the market for the December quarter was 77.
Median House Prices Per Suburb:
Ashby$465,000
Banksia Grove $381,000
Carramar $506,500
Hocking $485,000
Pearsall $489,500
Sinagra $462,000
Tapping $500,000
Wanneroo $397,000
For more detailed information on your suburb please email me
Banksia Grove Quarterly Sales Update Oct – Dec 2010
Banksia Grove Property Update for October till December 2010.
Number of sales 30
Highest sale price $485,000
Highest block price $275,000
Lowest sale price $335,000
Lowest block price $160,000
Average time on market 59
My Recent Sales:
14 Witchetty Loop, Banksia Grove $370,000
FREE MARKET APPRAISALS
Top Seller for Banksia Grove
David Evans Real Estate 08/09/10
