Archive for November, 2008

Exploring Ways To Purchase Real Estate Part 1

Tuesday, November 25th, 2008

If you are looking for a real estate property, there are many ways to go about finding that perfect piece of property. There are several factors that will determine where you look for your real estate property. If you have a job, you may need to limit your search to areas that are within a reasonable commuting distance. It is also important to check into other things, such as schools, crime, and the location of shopping areas and hospitals.

Once you decide where you would like to purchase your real estate, its time to begin your search.

Buying Real Estate At An Auction

When you are looking at buying a home at an auction it is very important that you check out the property that you are interested in before you bid on it. When you purchase a property at an auction a 10% non refundable deposit will need to be paid immediately at the site of the auction. You will not be able to get this money back if you change your mind about wanting that particular property, so make sure you get a good look at the property and any tests or surveys done on it in the days leading up to the auction before you start bidding.

You will also want to make sure that you have your deposit money with you to pay at the time of the auction. Before the auction takes place you will also need to get approval for financing and know how much you are able to afford. It can be easy to get carried away with the excitement of bidding, so be careful. Have a pre-determined amount that you are willing to pay and don’t go over that amount in the heat of the moment.

In the next installment we will look at other popular ways to purchase real estate in Australia.

Sean Rasmussen
Property Options Australia
Property Options Blog © 2006 - 2008

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What You Can Learn from Mark Rolton

Monday, November 24th, 2008

Mark Rolton has many years of learning the industry and making costly mistakes under his belt. In his exciting teaching events, he sets out to provide investors like you with the financial knowledge that is required to get you where you want to be.

Experience Not Required

You do not have to have extensive experience in real estate, no need to be an extraordinarily talented salesperson, you do not have to have a genius IQ, nor do you have to have a small fortune to throw away. All you need is the willingness to learn these incredible methods and strategies and the desire to follow through with the process. Mark Rolton will do all the work for you.

Mark Rolton, founding director of Massland, has almost twenty years of experience in the property and construction industry. He developed Massland with a focus on developing budget housing. He saw an opportunity in the market and he seized it.

Voice Of Authority

For the last seven years, Mark Rolton has been dedicated to using property options as a way of profiting from development sites. Mark Rolton is now considered the voice of authority on property options is Australia. He is now in the business of speaking and teaching others how to capitalize by investing in property options.

Mark Rolton’s expertise, knowledge and overall understanding of the market, helps to achieve huge returns for partners and investors alike. Mark Rolton is a dedicated athlete and has used that discipline and determination to achieve outstanding results in the business industry.

Focus On Property Investment Success

Massland’s main focus is to move forward in the development sector with diverse experience and key skill sets. The intention is to maximize returns and solidify the position of the team in the industry of the future. Mark Rolton’s strategies will benefit individuals from all walks of life from single moms to CEOs. Do not waste another minute, contact Mark Rolton and find out what you can learn today.

Sean Rasmussen
Property Options Australia
Property Options Blog © 2006 - 2008

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Learning About Agents and Agencies Part 3

Sunday, November 23rd, 2008

In this installment we are going to take a look at the limited role that estate agents play in dealing with legal documents and what needs to be done to fulfill the law in regards to who fills out the paperwork.

Agents And Lawyers

While estate agents are allowed to perform some of the legal work involved in a real estate transaction, most of it must be done by a Lawyer Estate Agent. The Estate Agents Act of 1980 determined that the use of contract documents is legal work and stated that an estate agent is not qualified to conduct such work. If an estate agent does engage in filling in the blanks of a contract note they can be punished with a penalty of two years imprisonment. This is a matter which has very serious consequences and is not taken lightly.

If neither one of the parties involved in the sale of a property is represented by a lawyer and a contract has not been drawn up, the estate agent used to be allowed to use a contract note, but the contract note has recently been banned from being used due to confusion over the legality and permanence of the contract. If a contract of sale has been prepared by a lawyer who is not available to attend the execution of the contract, the estate agent is allowed to fill in the blank spaces of the document under Section 53A of the Estate Agents Act of 1980. However the estate agents are only allowed to fill in blanks of specific documents and are not allowed to add in any additional terms or conditions to the contract. They are only allowed to fill in the blank spaces.

In the past there has been some confusion as to what exactly an estate agent is and what their role is. Even the High Court said that the term “agent” is misleading and stated that these agents do not have the authority to act on behalf of a vendor in relation to the contract.

Sean Rasmussen
Property Options Australia
Property Options Blog © 2006 - 2008

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Learning About Agencies and Agents Part 2

Saturday, November 22nd, 2008

In this entry we are going to explore more about estate agencies, the jobs that they do and the roles that they play in negotiating contracts.

What Does An Estate Agent Do?

An Estate Agent is responsible for negotiating sales contracts and selling properties for their clients. An estate agent can be a lawyer, or a person who has their estate agents license. An estate agent is defined by the Estate Agents Act of 1980 as a person who places an advertisement in a local paper saying that they are in the business of selling real estate or negotiating real estate on behalf of others.

Who Is An Estate Agent?

An estate agent or agent basically is a person who advertises themselves or makes themselves available to:

Sell, buy, exchange, take a lease of, or dispose of any real estate or business on behalf of another person.
Negotiates for the sale of a real estate property through the use of exchanging letters or taking on leases
collecting rents.

Professionals who also are involved in the business of buying and selling real estate, handling sales negotiations and leasing are also considered to be estate agents. Since the buying and selling of property is considered to be a legal process, lawyers are also included in this group of individuals.

Estate agents, while not allowed to perform all legal work for their clients, are permitted to perform some of the work involved. The work that they are allowed to conduct on legal documents is very limited and strict penalties are imposed for those who fail to follow the law.

In the next installment of this series on understanding more about agents we will take a more in depth look at the legal work involved with the sale of property and who is responsible for conducting that work.

Sean Rasmussen
Property Options Australia
Property Options Blog © 2006 - 2008

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Billionaires Use Property Options

Friday, November 21st, 2008

Having a substantial fortune generally means that you understand the value of time. Not so long ago, famous real estate mogul Donald Trump was in over his head with a debt greater than $900 million. Mr. Trump was headed for a world of trouble.

Over time, Mr. Trump held the rights to millions of dollars worth of property thanks to property options. In less than a decade, Mr. Trump was back to billionaire status with dollar signs in his eyes. In fact, Mr. Trump was so excited about his success that he even considered running for President of the United States. He later decided against it, probably because the presidency does not pay as well as property options.

A Big Start

Donald Trump started big with his first major investment in options on many properties of Penn Central Railroad. This was also the site of the famous Hotel Commodore, before it was developed by Mr. Trump into the Grand Hyatt Hotel. These days, roughly 85% of Mr. Trump’s real estate deals are made through property options.

You Can, Too!

You too, can build a fortune using the same strategies and tools as the billionaires do. Mark Rolton is in serious need for more people on his team and he is more than willing to teach you everything you need to know about the process. He will pay for the cost of the development approval, the deposit and any outgoings. Mark Rolton knows the benefit of sharing the profits and collaborating in a way that is helpful to everyone.

Mark Rolton and Massland want more than simply to teach you about property options, they want to share their profits with you as well. Mark Rolton has the expertise, the capital and the resources to get the necessary development approvals, gives the sales channels for selling the approved development sites and then shares the profits with investors like you.

Sean Rasmussen
Property Options Australia
Property Options Blog © 2006 - 2008

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