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Frequently Asked Questions

Do you specialise in Morayfield?

Yes, we do. Penny is a local of Morayfield and loves living on acerage in the area. Penny has been a local in the area for years now and know what is takes to sell Morayfield acreage properties.Penny has lived and breathed Morayfield for years, giving her unparalleled insight into the local market trends, schools, amenities, and lifestyle. She understands what makes Morayfield special and can help you find the perfect property to match your needs.

Do you only sell in Morayfield?

No!  While Morayfield is our focus, we also serve clients in Upper Caboolture, Burpengary, and other surrounding suburbs. We also act as agents in Ascot, Qld, Hamilton Qld and Clayfield, Wavell Heights, Geebung, Northgate and beyond. Our network of referral agents extends our reach even further, connecting us with buyers and sellers across Queensland. Most of our clients come from referrals from either from past sellers and buyers or from Pennys extensive network of buyers' agents, tax accountants, solicitors and other real estate agents.

Acreage Specialist: Looking for that dream acreage property? Penny's own experience and her passion and expertise for selling Morayfield acreage homes will ensure you achieve the best possible outcome.

When I sell should I get a building and pest inspection or do the buyers do that?

There is no legal obligation for the sellers to provide a building and pest inspection report for selling real estate in Queensland. Providing a building and pest inspection can attract more buyers and potentially lead to a faster sale Over the last few years it has become standard practice to provide buyers with one if you have chosen to take your property to AUCTION.

 

Understanding Building and Pest Inspections in Queensland

To understand building and pest inspections in Queensland, here are some key points:

  1. Purpose: These inspections assess the condition of a property, identifying any structural issues, pest infestations, or other concerns that could affect its value or safety.
  2. Legislation: Inspections must comply with the Queensland Building and Construction Commission (QBCC) regulations.
  3. Qualified Inspectors: Inspectors should be licensed and experienced. They often have backgrounds in building or pest control.
  4. Report Details: The inspection report typically includes photographs, descriptions of issues, and recommendations for repairs or further investigation.
  5. Timing: Inspections are usually conducted before purchasing a property, often as a condition of sale.
  6. Cost: Prices can vary based on the property size and inspection complexity. It's important to compare services and choose a reputable provider.

Why the change from selling real estate in Ascot & Clayfield to Morayfield Upper Caboolture and Burpengary?

If you have ever been in the Bruce Highway carpark during peak traffic, you will understand! After the frustration of the commute during peak travel times, it was obvious to Penny to embrace the gold at her front doorstep. The negotiation skillset required to sell high end prestige property, is the same for selling prestige acreage properties in the Morayfield, Burpengary and Upper Caboolture areas.

What is a Smoke Alarm Compliance certificate and when Do I need to get one?

A Smoke Alarm Compliance Certificate in Queensland is a document that certifies your property's smoke alarms meet the required safety standards. This certificate is necessary when leasing, selling, or transferring ownership of a property.

Here are the key points:

  • Compliance: Smoke alarms must be photoelectric, comply with Australian Standard 3786-2014, and be interconnected.
  • Installation: Required in every bedroom, hallway connecting bedrooms, and on each storey.
  • Deadlines: By 1 January 2022 for leased or sold properties, 1 July 2024 for new or transferred caravans/motorhomes, and 1 January 2027 for all other properties
  1. Buying and installing smoke alarms | Your rights, crime and the law | Queensland Government
  2. Frequently Asked Questions​ | Queensland Fire Department
  3. Smoke alarms | Queensland Fire Department

Do I need to sign a Form 6 with a real estate agent to have them sell my property?

In Queensland, property agents must be appointed in writing via a PO Form 6 (Appointment to Act) before they can provide any auctioneer or real estate services to a client for reward. The PO Form 6 is a contract between the agent and the client, which sets out the rights and obligations of both parties. Form Number 6 (version 5) is used for requesting a decision by default in minor civil disputes and minor debts in Queensland Civil and Administrative Tribunal. (REIQ | Complete your appointment to act paperwork carefully)

Have you heard people talk about an off-market listing and wondered what they meant?

An off-market sale is a term used to define a property that is selling, or has already been sold, without any public advertising.

It’s a term that sometime pops up in property conversations and is usually linked to a property that needs an immediate sale, where the sale is often more important than the sold price.

So what is it and is it actually worth it?

Selling your property off market is not an ideal way to achieve the maximum price – it’s often a last-minute choice.

Off market means the home can be bought if its owner is presented with an acceptable offer but has decided not to promote the fact. An off-market sale is a faster sale, but not always the best outcome.

Cameron Patterson, Founder of InReach Investments says these transactions are common if a vendor needs an immediate sale.

Darren Dean, Owner and Managing Director of Sweeney Real Estate’s Yarraville and Footscray offices in Melbourne, says the anonymity of selling your home off market is often attractive to anyone with a high profile.

Vendors with tricky families or neighbours sometimes see value in keeping the home’s sale out of the public eye.

“Those in need of a quick sale are commonly relationship/marriage breakdowns, financial reasons, deceased estates or the vendor maybe going through employment changes,” Patterson explains.

“Regardless of their reason they all have one thing in common: they need the sale to take place urgently to allow them to get on with other higher priority issues in their lives.”

What are the advantages of an off-market sale?

To the buyer:

  • A bargain price. There is often little, if any, competition, – you may find you are the only buyer who knows about the silent listing and this exclusivity can mean buying for a lower price than on the open market.
  • More likely the vendor will accept your offer – “If the initially submitted offer is below market value and the vendor is in a distressed position, which is often the case, there is greater potential for the deal to be accepted,” Patterson says.

To the vendor:

  • A quick sale – if priced keenly.
  • Usually sold with more terms and conditions. When a vendor wants a low-key sale, the quickie sale is often subject to more conditions including shorter settlement periods, bigger deposits, or inclusive of any building faults, Patterson says.

What are the disadvantages of an off-market sale?

To the buyer:

  • You still have to find a property that meets all of your criteria – location, features, condition and price – so there may be more footwork
  • It’s all about who you know and it takes time to build those insider relationships
  • No marketing materials means you cannot build a visual file of ‘possible’ off market investments

To the vendor:

  • High possibility you will get a lower price than if you advertised your property
  • No chance to go to auction or leverage the enormous passive market of online viewers who regularly surf for investment or owner-occupied properties, Dean says.
  • You may come out behind. “It is horses for courses, but the reality is many vendors think they will save a few coins avoiding advertising costs when listing off market but actually cost themselves 10s of 1000s because off market won’t create the competition of a marketed sale,” Dean says.
  1. Source www.realestate.com.au