Melbourne Market Values Seldom Equal their Replacement Values

Saturday, April 16th, 2016

“Ideal” is a Shangri-La kind of a word. It’s not just because of its feel-good, pie-in-the-sky definition (“a standard of perfection or excellence”)—but because contained right there inside the word itself is a tacit admission. It’s only an idea—not something necessarily connected to concrete reality. Melbourne residents don’t come across “ideal” anything very often in […]

Top 10 Listing Phrases Might Not Attract Melbourne Home Hunters

Thursday, April 14th, 2016

It’s small wonder that with this spring’s selling season underway, Melbourne’s house hunters can afford to be a discriminating bunch—they have the luxury of picking and choosing from a crop of truly inviting offerings. And it doesn’t hurt that today’s low mortgage interest rates have enabled more Melbourne properties to fit within more family budgets. […]

Home Inspection or Offer? Which Comes First?

Tuesday, April 12th, 2016

A reasonable question posted recently on a real estate website can open an interesting discussion. It’s one that touches on a fundamental component of most Melbourne real estate sales. The question was, “Can I request a home inspection before I make an offer on the home?” The answer from the moderator was, “I can’t think […]

3 Benchmarks for Melbourne Real Estate Agent Dowsing

Friday, April 8th, 2016

Whenever a buyer or seller is set to enter the market, they find themselves faced with the task of identifying the Melbourne real estate agent who will serve them best. There are many of us to choose from—and not a lot guidance on how to proceed. Maybe there should be something like a Real Estate […]

Notes on the Ins and Outs of Melbourne Short Sale Listings

Wednesday, April 6th, 2016

Any dedicated bargain hunter who scours the Melbourne listings is not surprised to find among the most deeply discounted entries one of two notations: foreclosure or short sale. Everyone knows what the “foreclosure” designation means—it’s been repossessed by the bank. It’s an REO (real estate owned). By discounting the asking price, the lending entity invites […]

Melbourne Buyers and Sellers Arrive with Differing Mindsets

Monday, April 4th, 2016

Right now, just a few days into spring, we are right at the start of Melbourne’s peak real estate selling season. I’ve always found it odd that you don’t hear much about it—but that also makes it the beginning of the buying season, too! As a licensed Melbourne Realtor®, throughout the course of the year […]

Predicting Home Sales: More Quandary Than Certainty

Saturday, April 2nd, 2016

Even the least vigilant of Melbourne’s market-watchers had their antennae out last week, the traditional time of month when real estate statistics are released from the most authoritative sources. National trends in home sales frequently provide clues to the direction the Melbourne market is likely to take—and with the spring selling season already under way, […]

Melbourne Home Loan Calculations Depend on DTI Diagnosis

Thursday, March 31st, 2016

It might sound shocking, but Melbourne’s homeowners—present and future—have DTIs! Although the press has been largely silent, it’s important that the public be fully educated on the subject. But before anyone calls an emergency meeting to see what can be done… The good news is that, despite how dire it may sound, having DTIs isn’t […]

Melbourne Real Estate Benefits from Events…and Non-Events!

Tuesday, March 29th, 2016

A couple of recent developments made the news recently that promised to impact Melbourne’s real estate scene either now or in the future. The one that got most of the attention last Wednesday came from a familiar source: Federal Reserve Chair Janet Yellen. Her news conference’s less-than-stirring pronouncement (“Caution is appropriate”) made headlines nonetheless because […]

Looking into Words That Go with “House for Sale” Advice

Sunday, March 27th, 2016

You will find that most advice about preparing your Melbourne house for sale features a couple of indispensable terms: de-clutter, clean, and de-clutter. That’s not a typo: you can’t say ‘de-clutter’ often enough. It has to be emphasized that “clutter” doesn’t necessarily refer to shabby or threadbare items—it means literally everything that doesn’t advance the […]