Common Real Estate Trends

[brayoon]

Over the years there have been several trends in the real estate market.These can be nationwide trends, or can be focused in one area of the country. And remember, real estate trends are always on the change.Though when a trend seems to be sticking around for a long time,as a matter of fact trends are meant to change.There are several things that can cause real estate trends. This can be anything from changes in the economy to rising interest rates and much more. There is no way of saying for certain if real estate trends will come and go. Rather,it is something that you must simply deal with as it comes up. These trends affect everybody involved in this industry. This includes general house owners, buyers and sellers, mortgage companies, real estate agents, and many more.For this reason, real estate trends are always watched closely. This way, those who are involved know how to deal with these trends and can in turn handle them in the right manner. Following are the three common real estate trends to look for in the upcoming months.
1. Keep an eye on how the internet changes the real estate market in the months to come. The internet has changed several industries over the years, and this is certain to continue to take place with real estate.
2. Agents and brokers are looking for new ways to deal with upcoming generations. This is the trend that is going to change the industry in many ways than one.Simply put, the younger buyers of today are not like they were in the past.
3. Multiple Listing Services are taking a new form, and have seen several changes. Keep this trend in mind and this is something that is going to affect real estate agents in specific. These are just three real estate trends that may rear their head in the upcoming months. There are certain to be several more as well as some that are generalized in nature.

[kally]

Hello Friends.....

A nice post. Thanks for sharing the information.

Have a nice time ahead

Thanks

[MelbKate]

I'd add self-management to the list of emerging trends, as owners increasingly seek value for their money amidst rising costs and interest rates.

There are various products around, such as Posh and Rentwise, that make self-managing easy (not time consuming as the PM myth has it) and give owners the extra cash to reinvest in their properties.

[Gift Baskets]

I agree. Self management has worked for me. Have a strong negotiating presence and make clear your expectations and be forthright from day one so everyone is clear on what is expected.
Direct debit helps, straight from their employer.

[MelbKate]

Another trend for landlords to be aware of is property managers/agents pushing third party services, such as smoke detector inspections. Landlords should clarify whether such services are value for money or even necessary, especially when they could be performed by the agent or the landlord themselves at no extra charge.

[jbocker]

Another trend for landlords to be aware of is property managers/agents pushing third party services, such as smoke detector inspections. Landlords should clarify whether such services are value for money or even necessary, especially when they could be performed by the agent or the landlord themselves at no extra charge.

Good tip Melbkate, Smoke detector inspections ...are these mandatory in some states, I think I recall my Vic property agent telling me that I have to have them inspected.
Hmmm gonna check on that. I had noticed an increase in 'services' since new property managers being employed by my agent.

[MelbKate]

Good tip Melbkate, Smoke detector inspections ...are these mandatory in some states, I think I recall my Vic property agent telling me that I have to have them inspected.
Hmmm gonna check on that. I had noticed an increase in 'services' since new property managers being employed by my agent.

Landlords are responsible for installing and maintaining smoke alarms, although tenants can be obliged under a special condition of their lease to ensure the batteries are periodically changed.

While it is compulsory for all Victorian investment properties to be fitted with smoke alarms, there is no requirement for an independent "inspection service". The agent or landlord should simply check smoke alarms are working (by pressing the tester switch) whenever an inspection occurs. Pushing a button is not, in my view, a specialised service that merits an investment.

The inspection service makes no difference to a landlord's insurance policies - it is simply the agent seeking to shift any liability from it to the inspection company in the extremely rare event of a destructive fire that could have been better contained had the smoke alarm been working.

[jenny.smith]

Well there is tendency for owners to be aware of property managers / service press representatives from third parties, such as smoke detector inspections. Owners should determine if these services are value for money or even necessary, especially when they can be made by an agent or owner, without additional charge.

[james720]

Hello Friends.....

A nice post. Thanks for sharing the information.

Have a nice time ahead

Thanks

[Bronwyn]

Landlords are responsible for installing and maintaining smoke alarms, although tenants can be obliged under a special condition of their lease to ensure the batteries are periodically changed.

While it is compulsory for all Victorian investment properties to be fitted with smoke alarms, there is no requirement for an independent "inspection service". The agent or landlord should simply check smoke alarms are working (by pressing the tester switch) whenever an inspection occurs. Pushing a button is not, in my view, a specialised service that merits an investment.

The inspection service makes no difference to a landlord's insurance policies - it is simply the agent seeking to shift any liability from it to the inspection company in the extremely rare event of a destructive fire that could have been better contained had the smoke alarm been working.

Thanks for the tip MelbKate :thumbs: I have never even questioned it when property managers have ordered inspections in the past, but I certainly will be in the future!

Does anyone know the rules about who can conduct a smoke alarm inspection in QLD, NSW or WA, or where these regulations are documented?

[forsaleforlease]

One of the reasons some of these trends have been slower to happen to the Australian real estate industry than has taken place o/s is that the tools required to be successful were largely controlled by real estate agents. If you wanted to manage your own property or sell your own home to be as successful as your local agent you will need to be able to advertise where the buyers and tenants search which is www.realestate.com.au who do not allow private advertisers. This where my businesses is helping owners access the marketing that the DIY market needs to no longer be at a disadvantage to your local agent. www.forsaleforlease.com.au

[bemetoday]

You have to be prepared to pay their rental rate,You could out of the box hit it big, have lines out the door and be very successful. But you might have a period of growth over the first year..

[Michael]

I agree. Great post. The trend is your friend?? Not unless he hasn't made all his other friends first!!

[bemetoday]

I agree. These trends affect everybody involved in this industry. This includes general house owners, buyers and sellers, mortgage companies, real estate agents, and many more.

[CSQTownPlanner]

Currently, property short sales and mortgage foreclosures are a booming sector in real estate. Negotiating short sales is also common in today's real estate world.

[jbocker]

Currently, property short sales and mortgage foreclosures are a booming sector in real estate. Negotiating short sales is also common in today's real estate world.

Hi CSQTownPlanner
can you tell me what a short sale is - I am not familiar with the term. I wasnt aware of booming foreclosures in Australia (are you quoting elsewhere like the US?). I am curious on how we find out current mortgage foreclosures rates in Aus. Are you able to advise?
Thanks
jb

[CSQTownPlanner]

This is really very nice post. Real estate professionals need to educate themselves about buying and selling distressed properties, handling short sales and working with investors.

[DainaE]

I just read about cloud systems for real estate and I found it very cool since a lot of us are dealing with global clients and investments.

[matthewa]

Another trend I'd like to highlight is the effect of government intervention on real estate markets.
For instance, the removal of stamp duty concessions by the NSW Government for First home buyers in 2012, is likely to increase the demand of properties before 2012!

[remiasam]

Real estate trends affect everybody included in this real estate industry. it includes home owners, buyers and sellers, mortgage loan companies, realtors , and many others.due to this, real estate trends are always watched closely. This way, those involved know how to deal with these trends and can in turn handle them in the appropriate manner.