PROPERTY FAQ

 

FREQUENTLY ASKED QUESTIONS  SELLING YOUR PROPERTY AND PROPERTY MANAGEMENT

 
SELLING YOUR PROPERTY 

 

As your agent we will work hard and commit to achieving the best outcome in the shortest time for your property. 

We will endeavour to make the selling experience as stress free as possible.

Please don’t hesitate to call us at any time.

This brochure is designed to guide you through the selling process and provide answers to the most frequently asked questions.

Selling Your Property brochure cover, please ask for a brochure 6234 7033

 

 

What happens once I appoint you as my agent?

During the initial period of your authority, a lot of the activity tends to take place behind the scenes. Depending on what type of marketing plan you select, your photography, advertising copy, internet listing, digital floor plan, brochures and board will need to be ordered, prepared and proofed. The space will need to be booked in your selected media, sales staff briefed on your property and appropriate buyers on our database contacted.

 

When will buyers inspect my property?

Having your property on the market can be a trying time. It is preferable for you to be ready for home inspections at short notice. Once a property is listed with us, all registered buyers are assessed as potential prospects. Those buyers that appear to be well matched with your property will obviously be encouraged to arrange an inspection. Our policy is always to phone first, giving you as much notice as possible in preparation for the visit.

 

What do I do when a buyer is inspecting?

When we organise an open for inspection or a private inspection of your property, we want the buyer to get the feel of moving in. If owners are not present, the buyer can spend more time at the property and not feel uncomfortable about invading your space. Therefore we strongly recommend that you go for a drive or short walk while we are presenting the property. If this is not possible we suggest that you step out to the garden while we show the buyer the interior, and vice versa. We have found that if you are within hearing distance of buyers, they will not discuss the property openly, so leave it to our Sales Consultants to highlight features of interest to the buyer. Our staff are trained to know when and where to mention relevant features during an inspection.

 

Will all buyers be accompanied by an Agent?

All buyers will be accompanied by one of our sales team. Should anyone ever knock on your door and ask to inspect directly with you, please refer that person to our office immediately for qualifying. We would recommend that you never allow anyone into your home unless you know who they are and why they are there! Never disclose why you are selling or the price you are willing to accept to anyone.

 

How will I know what’s happening during the selling process?

Your Sales Consultant will speak with you and give you regular updates and reports on all actions and activities. We also conduct strategic meetings with you throughout the marketing period to keep you up to date with accurate market trends. While we receive numerous requests for available properties, many buyers these days prefer to search for properties on the internet or drive by initially. We retain details of each enquiry for future follow up as all enquiries on your property are recorded in our private database.

Please do not hesitate to contact your Consultant at any time for any reason. If the person you want to speak to is out of the office, they can be contacted via SMS or email 24 hours a day, or you can consult with a support team member at the office.

 

What should I do if I intend to go away for a few days?

While your property is on the market, it is imperative that we are able to contact you at any time. As mobile coverage is not available in certain areas, it is important that you provide us with a landline contact number, or that of a family member or friend who knows where you will be, just in case we need to discuss an offer or answer a query from a buyer.

 

What should I do if other agents continue to contact me?

Once Fall Real Estate is appointed and a signboard is displayed, other agents should not contact you any further. However, some may try to do so by direct mail, leaflets or phone calls. Their intention may be to make you doubt you have chosen the right agent by undermining the relationship we have with you. 

We recommend that you ignore these letters and mail drops and refer any phone calls to us. The majority of agents will respect the decision you have made.

 

Should I accept an early offer?

Whether you should hold out for a higher price is never an easy decision. Our aim is always to achieve the best price possible for you. Hence we set the quoted price range in such a way that follows your instructions whilst presenting the property to the market in the most appealing way.

When a property first enters the market, it often creates its own momentum where competitions can sometimes peak in the first few weeks. Qualified buyers are more likely to make offers if they fear losing out, so some of the best offers can occur during the initial stages. If you are not backed by the right research or advice and reject these early offers without proper consideration, it may result in your property subsequently selling for less at a later date.

Some owners turn down early offers because they think it is all too hasty, have become overly confident of the market, or are relying on poorly informed research. Before you dismiss any early offers, take time to ponder these issues.

As agents, we deal with buyers day in, day out. We may be working with a buyer who is tired of looking over properties and keen to conclude a purchase. Other buyers know what they want and will act quickly when it comes on the market. Some buyers become very frustrated with the market after months of research and may pay a premium for the right home. The offer made may be your best, so each offer should be considered carefully. Once you reject an offer, it can be hard to attract that offer again. You should compare your offer to the price of similar properties which have sold recently in your area. Also take note of the feedback received from buyers inspecting your property. Fall Real Estate consultants are skilled negotiators. When we achieve the maximum price from the buyer, we will submit the offer to you for your consideration. It is up to you to decide whether or not to accept the offer. We will always support your decision.

 If the asking price is much higher than the perceived value, buyers may not make offers at all. Buyers base their offers on their assessment of the market. Irrespective of the price, all offers must by law be submitted to you, the vendor and represent the voice of buyers in the market place. Each offer is a sign of interest and can be a starting point for negotiations. All buyers handle real estate purchases differently. Some can decide in an hour, others take weeks. We recommend you consider each offer seriously, however, remember you can always say no if the offer is not in line with your expectations. Being in the position to say no to an offer is better than having no offer at all! Your Sales Consultant will show you how our proven negotiation skills will maximise the sale price of your property. Always remember we will keep working for you until a satisfactory outcome is achieved.

 

How should I respond to other people’s advice?

Occasionally, you may receive comments from friends, relatives and neighbours when they find out that your property is on the market. While the advice given is probably well-meaning, you need to remember that this is a friend’s opinion, not professional advice from an expert on local property matters. Please remember that these opinions are not usually based on any intimate knowledge of what buyers are looking for and what they are currently paying for similar properties to yours. If you are concerned that we have missed any relevant data in assessing the likely sale price of your property, please feel free to discuss this with us. We are always available to review and update the market feedback at any time.

 

Will I be advised of all offers?

As your agent we will try to keep you informed on everything the market is indicating, both good and bad. Please allow us to be direct with you. We will always provide accurate feedback on property inspections and confirmed offers. It is our role to find out what the market opinion on your property is and how real buyers compare it with similar properties. It is a fact that properties sell when they meet their market value. When your property sells, it means we will have confirmed its true value. We take great care in negotiating and maximising price terms and conditions to your benefit.

 

 Selling your Property FAQs Please ask fo a brochure 6234 7033

 

 

 
FALL REAL ESTATE PROPERTY MANAGEMENT
 
At Fall Real Estate Property Management our aim is to provide you with a service which makes the experience of leasing and managing your property a simple and efficient process.  We will minimise any vacancy period and maximise your investment return.
Please call us if you would like a brochure 6234 7033.
 
...putting people first

 

Property MAnagement brochure cover  please ask for a brochure 6234 7033

 

  

FALL REAL ESTATE PROPERTY MANAGEMENT

 

Your investment property is our priority. Entrusting us with this you can rest assured that one of your biggest assets is being cared for by the most highly trained and experienced professionals in the industry.

Choosing the right agent is one of the most important decisions you will make to protect your property and gain the best possible financial return. 

Following are some of the questions we are frequently asked by prospective landlords.

 

How do you go about choosing the right tenant for my property?

At Fall Real Estate we commence our screening process right from the point of first contact with the prospective tenant. Upon receiving an application we make sure that all appropriate questions have been answered and the identification is authentic. We also ask our applicants to provide us with a current credit check, three character references as well as some form of income proof and rental references where applicable.  Our team asks the types of questions that will help determine the authenticity of the references.

 

What choices do I have in choosing the tenant?

You will have the final say. Our team will recommend applicants or not recommend but in the end the decision is yours.

 

How accessible are you?

We have three locations in Greater Hobart and carry phones that allow us to check our emails at any time. We also have our phones diverted after office hours so that one of our team can always be contacted in case of an emergency.

 

What measures do you take to protect my property?

At the commencement and termination of tenancy we complete an extensive condition report detailing the overall condition and features on the property. We also take a number of photos to back this up and use these to compare the before and after condition of the property.  A bond of four week’s rent will also be lodged with the Residential Bond Board collected from the tenants prior to handing out keys. The tenants are also required to pay two week's rent up front and maintain rental payments on time throughout their tenancy. Rental payments are constantly monitored and measures taken to recover any overdue payments at all times.

 

How will you promote my property for rent?

Research shows that many tenants search for their property on the internet. We update our own site regularly, fall.com.au, and subscribe to other major sites including:

We also run twice weekly ads in The Mercury which detail your property and provide, where appropriate, open times for showing. This also helps us to keep an eye on your property during any vacant times. If a prospective tenant wishes to have a private appointment we will do our best to accommodate their schedule where possible. Window cards and counter reports are displayed in our offices for viewing. We do not hand out keys to prospective tenants to inspect your valuable property.

 

Do you conduct routine inspections?

Yes. We arrange to go to your property early in a new tenancy to see how the tenants are going. From then on we carry out inspections every three months. You will be provided with a report detailing condition of your property both internally and externally including photographs. Any maintenance required is usually detailed to you at this time. We can arrange maintenance for you with one of our recommended contacts or you may choose to use your own contacts.

 

How often can I be paid?

We run statements twice a month. You can choose to be paid once or twice a month with payments made on 1st and 15th of the month or the next working day when this falls over a weekend or public holiday. We can also pay any outgoings such as council, body corporate or water rates if required. Statements and invoices can be emailed to you at any time, anywhere in the world.

 

How many people will be looking after my property?

Our team are trained to work in all areas of Property Management should someone be away for any reason. They all play a part in the leasing and management of your property, from handling enquiries at reception, to processing accounts and applications, leasing and inspecting your property. We have Property Managers and support staff throughout to ensure your property is always nurtured and cared for. We are all part of one team (unlike franchise networks which are often in direct competition with each other).

 

Please call us if you would like a Property Management brochure 6234 7033

 

Property Management FAQs please ask for a brochure 6234 7033