Looking to dive into the fast-paced and exciting world of real estate? You're in the right place! This blog post will provide you with a detailed roadmap on how to become a real estate agent, starting from being an agent's representative all the way to becoming a fully qualified agent. Ready to kick start your career in real estate? Let's dive in!
Step 1: Understand What It Takes First things first, it's important to understand that real estate isn't just about selling properties. It's about people, negotiation, marketing, and so much more. The most successful agents are excellent communicators, have an eye for detail, and are deeply committed to their clients' needs.
Step 2: Complete the Agent's Representative Course To kickstart your career, you'll need to become an Agent's Representative. This requires completing a course that provides foundational knowledge on property transactions, legal requirements, and ethical standards. Once you've completed this course, you can work under a licensed real estate agent and gain valuable industry experience. Step 3: Gain Experience Nothing beats real-world experience! This step is where the rubber meets the road. Work closely with a licensed agent, learn the ropes, and get a feel for the industry. This experience will be invaluable when you take the leap to become a fully licensed agent. Step 4: Complete the Full Real Estate Agent Course Ready to level up? After gaining experience as an Agent's Representative, it's time to take the full Real Estate Agent Course. This in-depth course will cover advanced topics such as property management, sales, auctioneering, business management, and advertising. Completion of this course will equip you with the skills and knowledge to operate independently as a licensed real estate agent. Step 5: Apply for Your Real Estate Agent License Once you've successfully completed the course, it's time to apply for your real estate license. This is a critical step as it allows you to operate independently, start your own agency, and take full control of your career. Congratulations! You've now completed your journey from being an agent's representative to becoming a fully qualified real estate agent. Remember, continuous learning and adaptation to market trends are key to a successful career in this dynamic industry. Ready to get started on your journey? At Create Real Estate, we offer a wide range of resources and support to help you succeed in your real estate career. Get in touch with us today! Dream big, hustle hard, and create your own path in the real estate world with Create Real Estate!If you are considering buying a house in Sunshine, Victoria, you are making an excellent decision. Sunshine is a vibrant suburb of Melbourne, known for its rich history, diverse culture, and fantastic lifestyle amenities. But how do you navigate the process of buying a home in this sought-after location? At Create Real Estate, we've guided many homebuyers through this process. In this guide, we'll share our insights to help you secure your dream home in Sunshine. Understanding the Sunshine Real Estate Market First, it's important to understand the local real estate market. Sunshine offers a wide range of housing options, from charming period homes to sleek modern apartments. Current market trends can impact the availability of these properties and their prices. At Create Real Estate, we have a pulse on the local market and can provide you with the most up-to-date information. Assessing Your Financial Situation Before diving into house hunting, assess your financial situation. This includes understanding how much you can afford, getting pre-approval for a home loan, and considering additional costs such as stamp duty, home inspection fees, and conveyancing. Choosing the Right Property Once you have a clear understanding of your budget, it's time to choose the right property. Consider factors such as the size, style, and location of the home. Sunshine is a suburb with diverse neighbourhoods, each with its own unique character. At Create Real Estate, we are local experts and can help guide you to a property that fits your lifestyle and budget. Making an Offer After finding a property that ticks all your boxes, the next step is making an offer. In Sunshine, like anywhere else in Australia, this process can be competitive. You'll need to determine a fair offer price, draft an offer letter, and negotiate with the seller. Our team at Create Real Estate is skilled in negotiation and can help you secure your dream home at the best possible price. Closing the Deal Once your offer is accepted, there are a few more steps to finalize the deal. These include securing your mortgage, getting a home inspection, and closing the sale. With years of experience in the Sunshine real estate market, the Create Real Estate team can guide you through these final steps to ensure a smooth closing process. Buying a home is an exciting journey, and it's one that we at Create Real Estate are proud to guide you through. As your trusted partner in Sunshine, we promise to provide you with professional service, local market expertise, and personalized care. Ready to start your home buying journey in Sunshine? Contact us today to learn how we can help you create your new home story in Sunshine.
At Create Vic Real Estate, we're proud to introduce our dedicated team of seasoned real estate professionals. Our agents are the backbone of our success, bringing a wealth of experience, local knowledge, and unrivaled expertise to serve you better. Size Matters, Quality Triumphs While size is important, it's the quality of a team that truly sets a real estate agency apart. At Create Vic Real Estate, we boast a sizable team of real estate professionals, each bringing unique strengths and specialties to the table. But what makes us stand out from the crowd is the quality of our team members. Every one of our agents is a seasoned professional with an in-depth understanding of the local real estate market. Our team comprises agents with diverse backgrounds and specializations, enabling us to serve a wide array of clients with varying real estate needs. Experience is Our Hallmark With a cumulative experience spanning several decades, our team at Create Vic Real Estate is truly a force to be reckoned with. Our agents have weathered the highs and lows of the real estate market, honed their negotiation skills, and have a proven track record of closing successful deals. From residential to commercial properties, our team's extensive experience covers all facets of real estate transactions. This wealth of experience equips us to guide our clients effectively, whether they are first-time homebuyers, seasoned investors, or sellers seeking the best market value for their property. Unsurpassed Knowledge, Local Expertise Our agents are not just experienced - they are local market experts. We live and breathe Sunshine, Sunshine North, Braybrook, Albion, Sunshine West, and Kealba, and this intimate understanding of our core market areas translates into exceptional service for our clients. We understand the unique dynamics of each neighborhood, from the demographics and property values to the unique selling points that attract buyers. This local expertise enables us to price properties accurately and market them effectively, ensuring our clients get the best possible return on their investment. We're Invested in Your Success At Create Vic Real Estate, we're more than just a team - we're a family. And as a family, we're committed to supporting each other to provide the best service to our clients. We continually invest in our agents through ongoing training and professional development opportunities, ensuring that they stay at the forefront of real estate trends and practices. When you choose Create Vic Real Estate, you're not just choosing an agent; you're choosing a dedicated team of professionals committed to your success. Visit us at 262 Hampshire Road, Sunshine, Victoria, or call us at (03) 9312 4444 to learn more about how our team can serve you better. Your real estate journey begins here.
When embarking on the path of wealth creation and retirement planning, purchasing a home is a crucial milestone for most Australians. An increasingly popular strategy for potential homebuyers is leveraging their superannuation fund for this major investment. In this article, we'll delve into the process of buying a home using super in Australia, answering key questions about this financial strategy. As you navigate this exciting journey, Create Real Estate offers a vast selection of properties for sale, providing an excellent opportunity to invest your super in real estate. Can I use my super to buy a house? Absolutely! The Australian government allows individuals to tap into their superannuation to purchase their first home under the First Home Super Saver Scheme (FHSSS). Introduced in 2017, this scheme permits you to make voluntary concessional (before-tax) and non-concessional (after-tax) contributions into your super fund, which can later be withdrawn for a first home purchase. How much super can I use to buy a house? Under the FHSSS, you can withdraw up to $30,000 in voluntary contributions, plus the earnings they've accrued, to buy your first home. Remember that these withdrawals are taxed at your marginal tax rate, although a 30% tax offset is applied. It's vital to remember that the primary purpose of super is to fund retirement. While this scheme can be a stepping stone onto the property ladder, it's crucial to consider your long-term financial security. How can I use my super for my mortgage? There are two main ways to use your super towards home ownership: 1. First Home Super Saver Scheme (FHSSS): As discussed earlier, this scheme allows you to withdraw voluntary contributions towards a home deposit. 2. Self-Managed Super Fund (SMSF): With an SMSF, you can invest in property, including both commercial and residential real estate. But the rules surrounding this are complex. The property cannot be your primary residence or that of a related party, and the investment must align with your fund's documented investment strategy. How to Set Up a Self-Managed Super Fund (SMSF) An SMSF can provide more control over your super and retirement planning, although it requires substantial time, financial acumen, and responsibility. Here's a basic guide on how to set up an SMSF: 1. Determine if an SMSF is Right for You: Not everyone is well-suited for an SMSF. It requires significant time and effort to manage, plus it can be costly. Consider your financial knowledge, your super's size, and the time you can dedicate to managing your fund. 2. Seek Professional Advice: It's recommended to consult a financial adviser, accountant, and legal professional to ensure you comprehend the responsibilities and obligations involved in setting up and managing an SMSF. 3. Establish the Fund: Set up a trust, create a trust deed, appoint trustees (you can appoint yourself), sign a trustee declaration, and register your fund with the Australian Taxation Office (ATO). 4. Create an Investment Strategy: This strategy should take into account the personal circumstances of all fund members, including risk tolerance and investment preferences. It should also consider how you'll manage liquidity and diversification. 5. Open a Bank Account: Open a bank account in your fund's name to manage operations and accept contributions, rollovers of super, and income from investments. 6. Adhere to Legal Requirements: Ensure you meet all ongoing legal requirements, including annual audits, annual returns, and maintaining records. 7. Investment in Property: If you're considering using your SMSF to invest in property, ensure that the property meets the 'sole purpose test' of providing retirement benefits to fund members. It's crucial to understand the rules and restrictions surrounding this, especially that the property cannot be used for personal purposes or rented to family members. Understanding and navigating the path to homeownership through your superannuation can be complex, but with careful planning and professional advice, it's possible to use these strategies to your advantage. Whether you're exploring properties on Create Real Estate, or considering setting up an SMSF, remember that each step you take towards securing your financial future is a significant one. In conclusion, superannuation offers an alternative route to homeownership. While it's not suitable for everyone, with the right planning and advice, you could be stepping into your dream home sooner than you think, bolstering your financial future in the process. Whether you're a first-time buyer exploring the First Home Super Saver Scheme, or you're looking to invest through a Self-Managed Super Fund, understanding how to buy a home with super in Australia can be a game-changer. Start your property search today with Create Real Estate and take one step closer to securing your dream home. Disclaimer: The information in this blog post is general in nature and does not constitute financial advice. Please consult with a financial adviser or professional before making decisions about your superannuation or any financial investments.
Combining her exceptional work ethic and expertise, Brenda Ngan has been dominating the real estate market as the number one sales agent not only in Braybrook but also in Sunshine North. This is an incredible feat considering the challenging market conditions. In Sunshine North, Brenda's recent sales for the 12-month period until 18th May 2023 included 16 houses and 5 apartments, with the highest sale reaching a notable $1.4M. These numbers reflect Brenda's dedication and effectiveness in handling various types of real estate transactions. It's noteworthy to mention that Brenda is a licensed estate agent at Create Real Estate, an innovative real estate company well-known for its cutting-edge approach to property marketing. The team at Create Real Estate believes in working harder, moving quicker, and always delivering more than promised. They are champions of innovation, offering creative solutions and adding value to every transaction. Brenda, being at the forefront of real estate sales, aligns perfectly with the ethos of Create Real Estate. Known for consistently surpassing the 100 sales mark annually in Sunshine, Brenda has become a beacon of success in the industry. Despite the hurdles presented by the pandemic, Brenda's drive to achieve the best results for her clients never wavered. Brenda's success in a male-dominated industry is a testament to her resilience and determination. She takes pride in her work and is grateful for the unwavering support she receives from her clients, family, and friends. Aspiring agents can learn from Brenda's advice: the real estate industry is not just about bright lights and big cheques. It requires hard and ethical work, consistency, perseverance, and a supportive agency like Create Real Estate. To learn more about Brenda Ngan and her work at Create Real Estate, you can visit their website. Independent Source: https://www.realestate.com.au/find-agent/sunshine-north-vic-3020?source=results&timeframe=-24
Have you ever wondered who's leading the Braybrook real estate market? Look no further than Brenda Ngan, a standout real estate agent making waves in Braybrook and beyond. As part of the dynamic team at Create Real Estate, Brenda's unwavering dedication and unparalleled proficiency have cemented her position as Braybrook's number one sales agent over the past two years. Brenda operates with a simple but powerful motto, "If it can be done today, don't leave it till tomorrow." This motto is not just a catchphrase but the driving force behind her exceptional work ethic and client-focused approach. Brenda isn't just a real estate agent; she's a trusted partner who goes above and beyond to ensure her clients reach their property goals. Brenda's portfolio boasts an impressive total of 381 property sales, with an impressive 15 sales in Braybrook alone over the past year. These aren't just numbers; they're testaments to Brenda's unrivaled expertise in property sales and her ongoing success in the Braybrook real estate market. Born and raised in Vietnam, Brenda moved to Australia in 2014, and today, she's a proud citizen of both countries. Her strong ties to Melbourne’s Vietnamese community, coupled with her fluency in Vietnamese and English, have given her a unique edge in the multicultural real estate landscape of Braybrook. When it comes to qualifications, Brenda is second to none. She holds a Victoria Estate Agents License and is a member of the Real Estate Institute of Victoria (REIV). Back in Vietnam, she earned certifications in Real Estate Property Trading and Transfer, and Real Estate Brokering. Moreover, she's a certified Property Valuer and holds university degrees in Business Administration and Foreign Trade. At Create Real Estate, Brenda is an integral part of a team that prides itself on delivering exceptional service and results. With an average of 100 sales per year, Brenda's contribution to the team and her clients' success stories are nothing short of remarkable. So, if you're looking to navigate the Braybrook real estate market, Brenda Ngan is your go-to expert. Whether you're buying or selling, Brenda's expertise and commitment make her the ideal partner in your property journey. Discover more about Brenda and the Create Real Estate team on their website. Steven Independent Source: https://www.realestate.com.au/find-agent/braybrook-vic-3019?source=results&timeframe=-24
As interest rates rise in Australia, homeowners and potential buyers are closely monitoring the financial landscape. After 11 rate hikes since May 2022, the Reserve Bank of Australia's (RBA) official cash rate now stands at 3.85%, leaving many wondering when this upwards trend will reverse. Understanding the impact on your finances is crucial, especially for those with a mortgage. For example, Canstar estimates that borrowers with a 30-year, $500,000 mortgage now pay around $1,133 more per month than in April 2022. That's an extra $13,600 a year, prompting homeowners to anticipate when interest rates might start to fall. To shed light on the future of the cash rate, we've analysed predictions from the 'big four' Australian banks and other industry experts: ANZ: ANZ economists anticipate one more rate hike in August 2023, peaking at 4.10%. They predict the RBA will initiate cash rate reductions in late 2024, starting with a 25 basis point cut to 3.85%. Commonwealth Bank: This bank believes the cash rate will drop by 50 basis points in Q4 2023, followed by more rate cuts in H1 2024, reaching 2.85% by June 2024. NAB: NAB expects the RBA to hold the cash rate at its peak of 3.85%, forecasting rate reductions to begin in early to mid-2024. Westpac: Westpac predicts a 25 basis point reduction by March 2024, followed by 25 basis points worth of rate cuts each quarter, resulting in a cash rate of 2.85% by the end of 2024. In addition to these bank predictions, industry expert Mark Crosby sees rates returning to a more 'normal' level around 4% during 2023. Rate cuts could be driven by lower inflation or a recession, but any cuts in 2023 could also indicate adverse economic conditions. Now, what does all this mean for Australian property prices, and is it a good time to buy? Rising interest rates often cool the property market as borrowing becomes pricier and reduces the pool of potential buyers. This decrease in demand could slow property price growth or even cause prices to drop. However, if interest rates fall, borrowing could become more affordable, driving up property prices due to increased demand. Whether now is a good time to buy depends on individual circumstances. If you're financially ready and can manage higher repayment rates, you might find good deals due to lower demand. But if high interest rates are a concern, it might be worth waiting to see if rates do fall, as predicted by the big four banks. However, this could also lead to higher property prices due to increased demand. Seeking advice from a financial advisor before making any major decisions is always advisable. They can help you evaluate your personal financial situation, the current property market, and the potential impact of interest rate fluctuations. Buying a property is a long-term commitment, so timing the market perfectly is less critical than purchasing at a time that's right for you. Stay tuned to our blog for regular updates and in-depth analysis of Australian interest rates, property market trends, and home buying opportunities.
When it comes to property investment, understanding the concepts of negative gearing and positive gearing can be your guiding beacon. But which is the best strategy for you? Let's demystify these real estate buzzwords and explore their pros, cons, and examples to help you make the right decision. Understanding Negative and Positive Gearing Negative gearing happens when your property-related expenses, such as mortgage repayments and maintenance costs, exceed the rental income. It's like running at a loss. However, this loss can be offset against your taxable income, offering potential tax benefits. Conversely, positive gearing means your property generates more income than the costs of maintaining it. This surplus gives you a positive cash flow, but it's subject to tax. Weighing the Pros and Cons
Navigating the lucrative world of real estate investment can be exciting and rewarding. Whether you're a seasoned investor or a beginner seeking to make your mark, understanding the different avenues for making money in real estate is crucial. From residential to commercial properties, each sector offers unique opportunities. This comprehensive guide will explore the various ways to generate wealth in real estate and answer the burning question: what type of real estate makes the most money? 1. Buying and Holding Properties The classic "buy and hold" strategy involves purchasing a property and holding onto it for an extended period. This strategy banks on property value appreciation over time. You can generate income through rent while waiting for the right time to sell for a significant profit.
Firstly, when choosing the right real estate agent, check their statistics. Apparently, numbers don’t lie. See how many properties the agent has comparatively sold or leased recently. And altogether, the days on market and prices achieved. Compare these with other agents. If an agent is consistently achieving great results and smashing records, basically, are doing something right. A successful agent with a big market share will certainly have greater access to a database. Correspondingly will give your property more exposure to the target market.
Check their reviews. Besides, feedback from other people can help you decide which agent is best for you. Use their experiences to guide you towards better agents and avoid costly mistakes.
You want to select an agent with in-depth knowledge and expertise about the local area and the industry as a whole. They can properly advise you on the market conditions. Also, they can give you realistic pricing expectations. Do not be fooled by the agent that promises you above-market prices just to earn your business. More often than not, they fail to deliver.
Decide what type of communication you require. Are you happy with regular email updates or do you prefer detailed telephone conversations? Are you comfortable leaving the agent to do their job? Sometimes, they can only contact you if they have an offer. Ideally, you would select an agent that you trust to look after your best interests. You advise them early on of what level of communication you expect. Good agents may not be able to spend a great deal of time updating you on what they are doing to sell or lease your property. They are too busy doing the work!
Finally, agents work hard and should be rewarded appropriately because you pay for what you get. When negotiating fees and commissions, keep in mind that if the agent is not being compensated enough then they are less incentivized to spend time and effort. Moreover, agents that compete by reducing their commissions usually need to do so because they do not have enough business.
For an agent that you can trust to create value and deliver results, contact the team at Create Real Estate.
There are lots of ways to invest in real estate. You can flip houses; rent out properties; buy real estate-related stocks, real estate investment trusts (REITs), and ETFs; or even take part in crowdfunded deals. Another great option worth eyeing? That’d be commercial real estate (CRE): a high-risk but also high-reward asset class, which encompasses a whole slew of property types you probably haven’t even considered investing in.
What is commercial real estate?
What exactly qualifies as commercial real estate? The most basic explanation, it’s any property designed to make money. It includes all the major categories you expect -- retail stores, office buildings, industrial warehouses, restaurants, etc. -- as well as more specialized properties, like storage spaces, hotels, casinos, and even healthcare facilities.
Why invest in commercial real estate?
Whether you’re coming from a long career in residential property or you’ve never invested in real estate at all, CRE can be a smart place to put your money. But why commercial real estate? Here are 5 reasons you might want to consider it for your real estate portfolio.
1. High-Profit potential
The biggest reason to invest in commercial real estate is simply its potential. Commercial buildings come with higher rents and price tags, and thus higher potential for returns, too. Instead of making a few hundred dollars on a rental home every month, you could make. You can get your ROI faster due to the influx of rental income. And since these are businesses we are talking about, you can significantly raise the rent compared to a residential structure. CRES, though, well they’re another thing entirely. There’ll always be a new amenity that you can add or a feature that you can install. Plus, if you have secured a prime location where tenants will thrive, then other investors will surely fight over your property should you decide to sell it in the future. Investing in Commercial Real Estate is a huge undertaking, true, but it also offers a lot of benefits. Not only does it have a faster ROI rate, but it also has fewer risks. The best thing about it, though, is that it’s fairly easy to triple its value with just a few tweaks.
2. Plenty of investment opportunities
Commercial real estate investment options run the gamut: You can invest in a full-scale mall or high-rise office building, or you can keep it small, putting those dollars toward a single storage facility, an industrial warehouse, or just one condo community. There’s a lot of flexibility both in what you can invest in and where you can do it.
3. Less turnover
If you’re from the world of residential real estate, this will probably excite you. Unlike apartments and single-family rentals, commercial real estate doesn’t typically operate on one-year lease agreements. Instead, most tenants sign three-year agreements at a minimum. This reduces turnover (and the hassle and cost associated with it) and also helps ensure stable cash flow for your business.
4. Conscientious Clients
Speaking of upkeep and maintenance, you will be pleased to learn that these chores are significantly easier compared to residential properties for two reasons. First, your clients are business owners as well so you can expect more professionalism. Second, since most of them are establishments that offer products and services, they’ll be concerned about maintaining their image as well and will surely try hard to keep the premises as clean and well-kept as possible.
5. A more diverse portfolio
If you’re already heavily invested in residential real estate, CRE can be a smart way to diversify your portfolio. As 2020 taught us, you never know what’s going to happen -- with the economy or in the world. So having your investments spread across different assets is one of the wisest moves you can make in the long run.