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 […]

Do Melbourne House Hunters Prefer New Homes? Yes…and No…

Friday, March 25th, 2016

Several different surveys confirm that if you ask American consumers which they prefer, close to twice as many say they would choose to move into a brand new home rather than an existing one. But—and there are several important ‘buts’—when it comes to today’s typical Melbourne house hunter, that answer can be a little misleading. […]

In Melbourne, Location, Location, Location! Remains Important

Thursday, March 3rd, 2016

“Location, location, location!” is one of the few proclamations which needs no verb, no adjective, no preposition to fully communicate its message. Everyone in Melbourne understands—and usually agrees with—its meaning: The location [of something] is all-important. In the commercial context, it used to mean “your store better be situated somewhere that gets a lot of […]

Strong Melbourne Jumbo Loan Outlook Continues

Wednesday, February 24th, 2016

“The Jumbo Jungle” may sound a little like the elephant compound in a wild animal park, but it’s actually a seldom-quoted tab under The Wall Street Journal’s online Real Estate section. The “jumbos” being discussed are the trunkless kind—the hefty mortgage loans whose center rings are found in binders instead of circus tents. Judging from […]

Buying Your First Melbourne Home: More Doable Than You Think!

Monday, February 8th, 2016

For Melbourne first home buyers who are of a certain age (for the moment let’s call that 40+ or so), the prospect of making such a prodigious commitment should be less intimidating than for the younger set. You have been around for long enough to have seen the ups and downs of the economic cycles; […]

Something Worth Keeping in Mind: Listings Don’t Wilt!

Thursday, February 4th, 2016

It’s probably inevitable (and may have something to do with the way our brains are wired) that when most people start looking for a home in the area, they’re automatically drawn to the new Melbourne listings first. Let’s face it: all things being equal, who wouldn’t choose a new car over a used one? That’s […]

Home Loan Budgeting Sets Parameters for Melbourne House Hunters

Tuesday, February 2nd, 2016

When you first go shopping for a Melbourne home, loan budgeting—figuring out how much a comfortable monthly mortgage payment would be—pretty much dictates the price range you will be considering. Some listings do the lion’s share of the home loan budgeting work for you through a ‘payment options’ box that provides a thumbnail mortgage payment […]

Mystery of The 184 Things Your Melbourne Real Estate Agent Does

Friday, January 29th, 2016

As its name clearly implies, The 184 Things a Real Estate Agent Does for You is an exhaustive list of the actions a Melbourne real estate agent is called upon to perform on behalf of a client. It is an authentic real estate Golden Oldie. Whenever someone wonders aloud what it is that Melbourne real […]

More First-Timers May Enter the Melbourne Housing Market

Monday, January 25th, 2016

  You don’t need real estate statistics or government bureau reports to sense that first-time home ownership rates have been in the dumps for a while. Melbourne housing figures have too few transactions month-by-month to draw many conclusions about sustained trends in home ownership here—yet it’s evident that for young adults everywhere, the glacial recovery […]

Melbourne Rent-to-Own Solutions Can Make Possible the Impossible

Saturday, January 23rd, 2016

The term “rent-to-own” sounds like a contradiction for good reason. It’s often called upon to reconcile a buyer-seller situation that does not fit a standard mold. A Melbourne rent-to-own agreement can allow potential buyers to move into a Melbourne house before their finances are up to snuff (or at least that’s the call most lenders […]