Acquire and manage the services of Estate Agents, Real Estate Agents and Real Estate Brokers. https://xitter.cf/t.co/f0CHRBc9k7
Joined July 2014
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Vendorable retweeted
We see the implications of this @vendorable when there are either tax sales, or later someone sells it in a deceased estate and cost base issues arise. Happens all the time.
Vendorable retweeted
Looking for a fun way to learn about estate and elder law? 👀
Tune in to my podcast, @LegalTeaPodcast, where I break down complex legal concepts in just 15 minutes with a new episode every Tuesday.
Each episode rotates between three formats:
Interesting statistics regarding consolidation of rent rolls nationally with larger franchises increasing their numbers, and smaller / independent agencies decreasing their book sizes.
Article
afr.com/property/residential…
It pays to get high quality advice, specific to the asset in question when you're looking to sell, lease or value a property.
Providing advice around a specific asset type/location/category relates specifically to training, experience and networks of the service provider.
Real estate is not a homogeneous asset class.
Price differentials between blocks, along streets, across suburbs are very real.
I always read articles that talk about "the market is down" and think -- which market?
afr.com/property/residential…
—
Property selling tip 💡:
Having zero marketing budget for a property in this day and age is not a good choice.
Even if you want to minimize on costs, you should seriously consider what minimum viable marketing looks like in order to get the best price when selling.
Property sellers:
"Going to market for services is hard"...
also property sellers:
"This one single quote I got seems a little high..."
Folks do yourself a favour and especially is you're a fiduciary de-risk your position: go to market for services.
Cost and pricing aren’t everything.
It IS a large component of fiduciary duties, but getting the right service provider for your situation, with capacity to do your work, at the BEST possible price — well that’s always going to serve you well.
Cheapest isn’t always best.
High quality estate administrators will always want to go to market for services because you never know what market intelligence will be obtained by ‘testing the market’.
Preferred or panel suppliers can be included, but they shouldn’t be the only parties to submit to tenders.
📑 Tender Tip:
Clear instructions = better results.
Be specific in your brief to real estate agents: state your goals, constraints, and expected outcomes. Clarity prevents delays, ensures alignment, and builds trust for a smoother process.
Estate administrators in California, as we head into 2025:
❗️Prop 19’s tax rules may have created urgency
but
⚠️ the NAR settlement in 2024 settlement demands even more care
📚Read about the intersection of the two here:
linkedin.com/pulse/navigatin…
Significant changes in office vacancy rates, many of which have not yet normalised post Covid / WFH trends.
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Vendorable retweeted
Pre-nups are estate planning tools, too!
I have clients who get remarried in their 60s+ and typically, I recommend getting a Pre-Nup in place.
Not really for divorce protection, but rather, to protect their respective estates post-death.
Prenuptial Agreement Held to Be Valid Waiver of Spouse’s Statutory Right of Election jdsupra.com/legalnews/prenup… | by @goulstonstorrs
Are you seeking a real estate agent for an estate or trust administration matter? A matrimonial property separate matter? Or any other at risk / probity-sensitive sale?
You’ll need to be aware of what ‘value for money’ looks like to fulfil your lowest reasonable cost obligation.
Australia’s housing market in 2024 faces a perfect storm: labor shortages, rising costs, and regulatory hurdles are intensifying the ongoing housing crisis. #HousingCrisis #AusHousing #PropertyMarket
The NSW Home Building Compensation scheme is making it harder for small builders to scale. With construction costs already high, regulatory burdens are slowing much-needed housing projects. #ConstructionIndustry #RealEstateTrends #HousingCrisis
Australia’s housing market outlook: without serious intervention, both supply and affordability will worsen, keeping the market in a fragile state as we head toward the next decade. #HousingCrisis #MarketOutlook #RealEstate