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Trang Vu

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24.01.2022 I saw this article when it first published last year. We all have our opinions regarding the new player on the field. Yet, what I come across quite often is exactly this "For example, a $1m house in Sydney, at a 2% commission, would earn a real estate agent $20,000 on settlement. Not bad for opening the door, taking down 50 or so names, and calling them back to gauge interest" I think this is the perspective of most of the homeowners who are trying to sell their house. And I... don't think that people actually know what is going on behind the screen, especially with a lot of high earned agents flashing their luxury cars, polished suits, and showing the high of being a real estate agent, yet there are many agents out there doing the hard and in my opinion, daunting work (door knocking and cold calling...) trying to earn enough for their daily life. See more

21.01.2022 Smoke from controlled burns is affecting air quality across the outer east and authorities say it is expected to remain smoky until tomorrow morning. Here's the advice for anyone sensitive to smoke.

18.01.2022 "There was a fever in the market last year that is gone."

14.01.2022 LAST WEEK AUCTION RESULT 21/04/2018 And what can you do if your house got passed in at auction? Total Scheduled Auctions: 969...Continue reading

14.01.2022 LAST WEEK AUCTION RESULT 18/03/2018 Total Scheduled Auctions: 1751 69% Clearance Rate* Sold at auction: 858... Sold prior to auction: 191 Sold after auction: 25 Passed in: 455 Withdrawn: 29 * Clearance rates are preliminary * According to realestate.com.au ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Again, the clearance rate fell below 70% mark. We have quite a few properties got passed in. I can totally understand the feeling of these vendors, as well as the agents working for them. However, why a property got passed in at auction? Because there is no bid higher than the reserve price. Reserve price is the lowest acceptable price by the vendor/s at an auction. 1.This price is written down and signed by vendor/s about 10 min before the auction start. No one (including the vendor/s) could change it when the auction begins. 2. The house can only be sold at auction if the reserve price is reached. You know this when the auctioneer calls "the house is now on the market" 3. If there is no bid that passes the reserve price, the highest bidder will get the exclusive right to meet the vendors and negotiate. 4. Ex: if the reserve price is 400,000. and the highest bid is 400,000. The house is sold under the hammer. if the highest bid is 370,000, the highest bidder can negotiate with the owner to buy the house. In the case that the negotiation fell through, the property is again open to the public but under private bidding wars. If you have any questions, talk to your agents. Next week, let's talk about why you need to know a real estate agent

12.01.2022 Looks like the party is over...

08.01.2022 LAST WEEK AUCTION RESULT 1/04/2018 Total Scheduled Auctions: 167 74% Clearance Rate* Sold at auction: 66... Sold prior to auction: 15 Sold after auction: 0 Passed in: 25 Withdrawn: 3 * Clearance rates are preliminary * According to realestate.com.au ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Easter weekend yet the result is higher than previous weeks. If you are a buyer who is desperate to get a place, will you show up for an auction, even if it is on long weekend period? See more

05.01.2022 Yes, in just a week...

05.01.2022 LAST WEEK AUCTION RESULT 7/04/2018 Total Scheduled Auctions: 820 69% Clearance Rate* Sold at auction: 342... Sold prior to auction: 110 Sold after auction: 9 Passed in: 187 Withdrawn: 23 * Clearance rates are preliminary * According to realestate.com.au ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ We are having more properties sold prior to the auction. This indicates that more vendors are nervous before the show. There is a process that can be done to get the best price possible for the property. Yet, an auction is more or less a gamble with your biggest asset. Sometimes, the vendors decided to accept an offer that presented to them prior to the auction as it shows a specific figure. Human nature makes us wary of the unknown, auction process can provoke similar feeling. I personally appreciated what I had learnt at iTRAK real estate. If you are nervous about the whole process, talk to us and we can help you while ensure getting the best price possible for your property.

03.01.2022 Still watching these guys and see how they survive in Australia real estate market

03.01.2022 Buying house 101 I have received quite a few messages about buying a house but they do not where to start. Hence I think I write a very basic step by step on what you need to do before buying a house. First thing first, to buy a house, you need to know what is your capitals. How much you can afford to buy a house, what are your limits, how much deposit you may need. I would recommend you to see a mortgage broker. They are people who work directly with many different banks fr...Continue reading

01.01.2022 LAST WEEK AUCTION RESULT 25/03/2018 Total Scheduled Auctions: 2202 66.5% Clearance Rate* Sold at auction: 977... Sold prior to auction: 199 Sold after auction: 16 Passed in: 550 Withdrawn: 34 * Clearance rates are preliminary * According to realestate.com.au ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ The number is lower than last week. It indicates that the current market is trying to balance after the record rise from last year. At the moment, the cash rate is held at 1.5% however, the bank rate is may be rising a bit due to the rise of America economy. However, I think this should be explained in more details later. As per the previous post, today we discuss the reasons why we need to know at least one real estate agent. Have you ever buy or sell a house? Do you remember how imitating the task seem to be? Having a friend or at least an acquaintance will help you enormously with all the questions you may have. A real estate agent will be able to keep you update with almost everything you need to know about your house. How much your house price has been going up from the last time you check. What sort of people are moving into the area? How is the current market? etc At the same time, by have someone you know, you will get more comfortable dealing with them when the time is right to sell. You at least know someone rather than pulling out your hairs trying to pick someone randomly from the string of strangers on your doorsteps trying to tell you how to sell your house. There is a story that I am not sure how many people actually know about. Let not point it out directly, but I still remember the time when a certain website charged us less than what most people pay for their phone bill these days, to advertise a property for sale. It was like a subscription and you can upload as many properties as you wish. Recently? The cost may be a lot more than what you will be expected to pay, compare to the last 5 years. The real estate agent can help you keeping update with all the technology involved as well as all the cost come along from 3rd parties. Also, a real estate agent can be a friend. I come across people tell me that they don't want to sell their house when they first meet me. No, I do not wish to sell your house if you are not ready. I understand the anxiety and the insecure when you actually have to move. So let's be friends and you know that I will help you navigate all the stress come along with selling your precious house.