I have a 830 sq mtre property on a main road in an expensive suburb of Melbourne. I estimate it to be worth approx. $2.2-2.5 Mill. The adjoining block is about the same size. If we put both blocks on the market together, will it be worth more than if we sold them individually?
Hi Jack, It really depends on a number of factors. The major one would be understanding how the blocks could be developed both individually and collectively. If combining the blocks takes the potential development from say 2 x 2 unit sites to a 6 unit site then it likely increases the value of both blocks.
The other major factor is considering the improvements on each site. Are both homes certain to be knock downs, or is there greater value in retaining one or both properties?
We would be happy to assist in analysing this type of information for you and providing you with specific advice on the subject properties. Please email admin@ianreid.com.au your details and we will be in touch
Thanks for that. My name is Jack but I won't give you my details yet as my neighbour is not committed at this stage and needs more information. Our properties are knock down so we are looking at land value. We are on Toorak Rd Camberwell. If it is any help two similar sized properties down from us have been developed with 3 levels and 18 units with underground car parking. Also I've heard if we present development plans to Council and get building approval it is more valuable to developers and more than covers the drafting costs. Lastly, how is Ian Reid paid? Cheers
What services do they offer as developers in Sydney a playing games with vendors on off the plan industrial,the government didn't cover these people on the last law changes on developers giving back deposits and a year later .relisting the same development at a inflated price. Does this company cover this side of property investment advice
Hi Do you give reliable investment strategies for wealth multiplication in properties? I am willing to pay for your time and advice. I listen to 3AW and think you guys are reliable in advising me. Michael mantonau@gmail.com
Do u choose your own estate agents or once submitted by the person wanting to sell if they hve any ? If one use your service does one hve to sign one or two contracts-eg one wth the estate agents and one wth yourselves? Appreciate your feedback. Cheers
The person selling there home will use a designated agent of his/her choice. In my particular case I used the advocacy service to find a property for myself. Ian Reid buyer’s advocacy offers an auction day service where they will bid at auction for your choice of property once you have found what you want. You can then upgrade to what is called they’re co pilot property service where they can find you properties but the initial inspections are done by yourself first. Then there is the Full Service where they will source on market off market and private sale properties and do all reports for you. I hope this is informative and helps you.
Hi Mar B, thank you for the question. We will recommend the best agents within your area to submit proposals for the sale, but we are also open to including any agents you wish be part of the process. There is one authority to engage IRVA and the selling agent conjunctionally and commission shared by both parties. Please let us know if you need further clarification by calling our office on 03 9430 0000.
HI Ian do 1st home buyers only need 5% deposit on purchase , or is it 10% for everybody ?
Hi Gary, The First Home Loan Deposit Scheme allows 10,000 first home buyers to apply for government assistance to purchase a property with as little as a five per cent deposit and without the need to take out lenders mortgage insurance (LMI). You will need to speak to your bank or mortgage broker about how to apply for this and the criteria attached. Under normal circumstances, First Home Buyers would need to save a minimum of 10% deposit in order to qualify for a home loan, however everyones situation is different so we advise to speak with a mortgage broker. If you would like a recommendation for someone we would be happy to help.
Hello Ian, an unusual situation. Our home sold via auction 5 weeks ago. Two weeks ago we followed the Govt advice are living in lockdown. To explain my family are not leaving the house or yard & I leave twice weekly to do shopping. On Wednesday the Agent advised the purchaser's bank wish to send a valuer through the house and a kerbside valuation is not sufficient. At this stage we have said no. Where do we stand?
Hi Stephen, These certainly are unusual times. If you sold your property by auction, or within 3 days before or after the auction date and there were no special conditions added to the contract, then your sale is completely unconditional. It is not subject to the purchasers financial approval and therefore you are well within your rights to deny access to the buyer for any reason other than one final inspection. This final inspection normally happens within a couple of weeks of settlement. In case there are any specific circumstances that we are not aware of, we suggest you run this by the solicitor who prepared the Contract of Sale and follow their advice. Otherwise stay safe and we wish you all the best.
We live in Warragul do your services reach that far
Good Afternoon Heather, Yes, we have covered Warragul in the past and would be happy to do so again for you. Can we arrange for an advocate or our Customer Care team to contact you to discuss further? Alternatively, you are most welcome to contact our office on 03 9430 0000 at your convenience. Thanks in advance and we look forward to assisting you. Ian Reid Vendor Advocates - Customer Care
Thank you I will talk to my husband and get back to you.
Hi I need to know what are my rights as a property owner, I have a tenant that is stating that he can leave my home, his lease was up on the 31st December 18. He has broken the lease agreement, 1) he hasn’t kept the house in the condition that he walks into. There was too be no dogs,he has 3 of them and they have destroyed my gardens and yards, he has broken things in the house. I have photos of the condition of the property. When my husband passed away I thought I would lease out for a short time. Pls can you give me some information that can help me, the real estate said that I have to wait another 2 months as she forgot to put a form in, I’m assuming to the courts and forgot to submit them on time she was two days over the time frame.
Hi Sharon, We sincerely apologise for our delayed response. We didn't seem to receive an alert that a question had been asked and have only just seen it here. We're sorry that you haven't had a good experience in letting out your fathers property, that's a real shame and a headache you just didn't need. If you are still having troubles we are most happy to speak with you over the phone to discuss a few options that we can suggest based on the situation. We don't have a resident property management team but our staff have some experience with that aspect of the industry. If we can help. please contact us on 9430 0000
I need to sell a property in Queensland, which is currently being tenanted but it is inbetween getting a new tenant, the home has just been fitted with new carpets and had painting done. How do I go about selling, never done this before, can you please assist me. Conrad
Hi Conrad, thank you for your enquiry. We can definitely help you out. If you could please pass on your contact details and property details we would be happy to do some research and give you a call. Alternatively, you can give our team a call on 03 9430 0000.
I just sold a tenanted property. Just contact Ian Reid Vendor Advocacy and they will walk you through a stress free procedure. They will help you to pick an estate agent for sale. You do not have to pay them. They get paid by the selling agent.
our estate agent knows we won't sell under a certain figure, but still put in his contract to sell our property, a lower price, 70k bellow what he knows we will accept, is that legal and ethical???.
Hi Mick, Your agent is required to give you an accurate estimate on what he/she believes your property will sell for and this price cannot be a range greater than 10%. This price may well be below your expectations. However, if you have stated a firm minimum acceptable price to your agent, then it is illegal for your agent to advertise your property below this amount, even if they believe that this price is above market value. The agent must immediately adjust the quoted range when they become aware their advertised price range is below the vendors acceptable price. i hope this helps you. Please advise if your property is listing with an agent through Ian Reid Vendor Advocates, so that we can follow up on this and address the advertised price.
Kind regards,
Ben Reid
Managing Director
Get an answer from our members and Ian Reid Buyer & Vendor Advocates representatives
Extra Information
ProductReview.com.au has affiliate partnerships. These do not influence our content moderation policies in any way, though ProductReview.com.au may earn commissions for products/services purchased via affiliate links.