Here’s some helpful FAQ’s from the real estate team at Chevron Realty

Buying or selling a home can be stressful for most people. There are many questions that can arise and an overwhelming amount of information online.

FAQ | Real Estate | Chevron Realty

Here are our most frequently asked questions about buying, selling, and renting a property on the Gold Coast. For any other questions, please call us or drop by to speak with a friendly member of Our Team.

Real estate agents are qualified /licenced professionals who can assist you in selling or renting your home. They are experts in their local area and can provide researched market appraisals of your property's worth to sell or to rent. Agents market and promote properties to ensure they reach the maximum number of consumers. Negotiation is a very important part of any real estate transaction and the agent with experience and knowledge in this area can greatly enhance the opportunity of you achieving the best price.

The price range advised will generally be based on current market conditions, recent comparable sales/rentals, current competition, local knowledge, and detailed research. It is important to compare apples with apples.

Fees vary depending on the services offered but as the old saying goes you get what you pay for. A good experienced, professional agent with proven negotiating skills will often achieve a far better sale than an agency offering a cheap alternative.

Advertising takes place in 2 forms:

  1. Traditional – newspapers, signboards, agency window displays and brochures
  2. Digital – online listings, email marketing and social media

Depending on the type of property and local market conditions the cost can vary. It is important to promote your property to the widest possible audience to ensure the property is not only on the market but also in the market. Often advertising money well spent is worth every penny ensuring the best possible price is realised.

Again, depending on market conditions, your motivation and the marketing expertise of your agent will generally determine the length of time the property will stay on the market. Generally, if the property is priced to meet the market a sale/rental should be archived within 60-90 days.

There are several different types of campaigns that may best suit your particular property. The most common are:

  1. Private Treaty – A list price is set, and buyers/renters negotiate around that price.
  2. Auction – Subject to an agreed reserve the property is sold to the highest bidder.
  3. Expressions of Interest – A deadline is set by which potential buyers submit a bid of what they are prepared to pay.
  4. Price on Application – Buyers will need to contact the listing agent in order to establish what price will buy the property.
  5. Tender – ls the selling of property through seeking written bids.
  6. By Negotiation – Generally a price is stated within a range and buyers are encouraged to make offers within that range.

You can sell your property while it is being leased but any buyer must be made aware that there is a tenant in place and the property cannot be sold with vacant possession. A tenant has the legal right to occupy the property until the end of the lease unless an agreement t can be reached for the tenant to move out prior to the lease expiring. Sometimes if a property is being purchased as an investment it is an appealing to have a reliable tenant already in place.

The main differences that we think are important are – Experienced and mature stable staff; Local agents since 1986; Our determination to deliver an honest professional service far beyond the client’s expectations. We work as a team to achieve the best result. We are proud members of the REIQ.