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Brisbane - Buying property in Brisbane - ourbrisbane.com Search ourbrisbane.com: Skip to page content Start major navigation What's On Living In Active and Healthy Visitors’ Guide Start minor navigation Members' Area Email News & Weather Transport Maps About Brisbane Dining Guide Mostly Sunny. 23-32 °C . Currently 25.7 °C Living In Start side navigation Introduction Find a suburb Brisbane Real Estate Buying Guide Buying Property in Brisbane Statistics, Tools & Tips Legal Considerations Selling Guide Search Homes for Sale Search Homes for Rent Renting in Brisbane Renovation and investment tips Mortgage Calculator Maps Moving to Brisbane Jobs Brisbane Life Gardening in Brisbane Home Renovation Home Security Start page content Buying property in Brisbane What’s different about buying real estate in Brisbane? Well, some things stay the same no matter where you’re buying, such as finding a good agent and knowing the features you want in your new home. But there are things unique to Brisbane, such as local planning, zoning changes and flood information that influence the local property prices . The architecture of the property you buy can also impact the price. Find out the difference between a traditional Queenslander, a workers cottage and a reproduction Queenslander. If you haven’t bought property in Queensland before, we can help by connecting you to organisations and businesses that will advise you about the relevant legal processes and related laws. Plus there are a few things that can affect Brisbane’s local property prices which you need to know about. If you are new to living in the sub-tropics and in Queensland architecture, we explain some of the different housing styles and what you should look for in your new home to stay cool and comfortable. Looking to buy in Brisbane? Use our inspection checklist when you’re looking at various properties. Print out a few spares to take with you when you’re checking out potential new homes. It’s an easy way to remind yourself of the features, benefits and drawbacks of each of the properties you’ve looked at. If you’re not sure about where in Brisbane you want to live, use Brisbane Suburbs Online . It has everything you need to know, including statistics, demographics, local services and suburb profiles. back to top Legalities of buying a home in Brisbane The website for the REIQ has a wealth of information about the legalities and processes of buying a Queensland property. Read the recommended steps when buying and understand the associated costs . It is usual to get a pest and building inspection prior to buying and acceptance of the contract can be made subject to a satisfactory pest and building inspection. Termites (also called white ants) can be a very real threat and it is best to get the property checked by an expert. See the list of inspectors offering this service in Brisbane . The Office of Fair Trading publishes a helpful guide for consumers buying property. The guide is called ‘Real Estate Realities’ and it can be downloaded as a large pdf file or call 1300 658 030 for a printed copy. It outlines your rights and some common pitfalls. The guide also explains what ‘buying off the plan’ involves and your rights if buying at auction. Buying off the plan and bidding at auctions can be complex and your rights are different to those under a regular REIQ contract, so protect yourself by being well informed. See the houses available at auction from the Public Trustee and for sale . If you are considering buying a property at auction from the Public Trustee, you should read their conditions first. When you buy or sell a house you need to transfer the property title. This is called conveyancing. You’ll need to budget for the costs of conveyancing and searches when you buy. The ourbrisbane business directory has listings of local conveyancing companies to help you with the legal aspects of buying or selling your property. Some searches required for conveyancing can be lodged online through Brisbane City Council . You can also search for existing building plans and Brisbane property through Brisbane City Council. Buyer’s agents – if you would rather someone else did the househunting and tricky negotiations, think about using a buyer’s agent. They can also do research on the property and location or bid at auction on your behalf. Buyer’s agents charge a fee for their services. back to top What influences Brisbane housing prices? House prices aren’t just influenced by boom or bust real estate cycles. In Brisbane there are a number of factors that could affect house prices, including: The South East Queensland Draft Regional Plan as proposed by the Queensland Government, intends to limit development to certain areas of South East Queensland. For updates, check with the Office of Urban Management . The proposed North South Bypass Tunnel , to be built under the Brisbane River. Depending on the final location of entry and exit points, plus the impact on traffic, this project could influence property prices. Keep up-to-date with the project’s progress. The Green Bridge – between Dutton Park and St Lucia for bus and pedestrian use may affect prices in those suburbs. Flooding - Consider getting a flood report from Brisbane City Council for a small fee. It’s a worthwhile investment, particularly if you are thinking of buying in an area prone to flooding . Zoning changes – The Brisbane City Council Call Centre is probably the best place to find initial information about zoning restrictions on any property you want to buy. Call 07 3403 8888. They can tell you what area the property is in, and any building restrictions. back to top Architecture If you are buying a house in Brisbane, real estate agents classify houses using some common terms. Here are our definitions of the main styles of architecture found in Brisbane (as understood by laymen and not architecture experts!). They are: The Queenslander - a traditional home built of timber, with VJ (vertical join) or tongue and groove walls, tin roof and surrounded by verandahs. Built in this style until mid-1930s, Queenslanders are built on stumps to increase airflow around the house and the floors are of timber that can be polished. Some of the pretty features includes breezeways above the doors, moulded or plaster ceilings, leadlight windows and window hoods. A Queenslander-type house may not be able to be demolished or removed, depending upon the relevant local Council laws and if it is in a demolition control precinct . The Queensland Museum has detailed information about the different styles of Queenslander house and history. Worker’s cottage - very similar to a Queenslander home but smaller, with usually only a verandah at the front and a single hallway. May have less ornate finishes and be on a smaller parcel of land. If you are new to living in Brisbane, and you want to live in a traditional tin and timber home, consider a couple of things: they require maintenance – they need to be painted every ten years and constant attention is required to keep old windows, doors and plumbing functioning properly. can be noisy – they usually only have single-skin timber internal walls, which means that noise passes through rooms easily. Polished floorboards and lack of insulation in external walls can add to the noise factor from inside and outside. hidden renovation costs – if the house is unrenovated you may need to pay for a lot of work that won’t be seen, such as replacing old stumps, reroofing and rewiring. However, they are beautiful, have character and we love them. And compared to brick homes, Queenslanders are relatively easy to lift so you can build underneath, and removing internal walls or building additions (assuming you have a good builder) is usually fairly simple. Post-war home - a less ornate timber home built in the years following World War II. Simple lines, plaster internal walls, plain timber windows (sometimes replaced with aluminium) and timber floors. There are fewer constraints on a post-war home as it can often be removed or demolished without special permission. Brick home - common in Brisbane suburbs established in the 1970s. These areas are generally around a ten kilometer radius of the city. Features includes a tiled roof, garage, aluminium windows, fly screens and security. Lots have swimming pools and can be updated to reflect current trends Reproduction Queenslander - a newly built home designed to look like a traditional Queenslander or worker’s cottage. However they feature new conveniences such as an ensuite, better use of floorspace to suit modern lifestyles, plenty of powerpoints and cabling, insulation, large deck and sometimes airconditioning. Apartments - warehouse conversions are new to Brisbane, with many apartments being built and renovated in the old industrial areas of Teneriffe, Fortitude Valley and West End. There has also been a surge in building residential units in inner-city areas. If you haven’t lived in a sub-tropical climate before, find out what you should look for in a house so that it stays naturally cool. For example, which direction does it face and does it have awnings, blinds or gardens that help deflect the sun’s heat? The Green Home factsheets include information for home owners about sustainable living practices. back to top Advertisements Start footer Advertise | Directory | Newsletters | About Us | Legals & Privacy | Contact Us | Help | Sitemap



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MSN Money - Nothing quick about getting rich with real estate MSN Home Hotmail My MSN Sign In Money S earch MSN Money: Help Home News Banking Investing Planning Taxes My Money Portfolio Loans Insurance Investing Home Portfolio Markets Stocks Funds ETFs Commentary Brokers CNBC TV MSN Money Insight Jubak's Journal SuperModels Start Investing Strategy Lab Company Focus Mutual Funds Street Patrol Other Views Contrarian Chronicles TheStreet.com Resources Commentary Index Decision Centers Start Investing Mutual Funds Find Hot Stocks Simple Strategies Power Tools Investing For Income Real Estate Related Links Expert Picks Market Dispatches CNBC Stock Picks Message Boards Print-friendly version Send this to a friend Research any REIT Find top-performing mutual funds Sortable database of SEC filings Find stock winners with our screener Personal finance bookshelf Find It! Article Index Finance Q&A Tools Index Site Map Recent articles by MP Dunleavey: • How to invest when you've got just $500 , 1/15/2004 • Your 3 worst debt consolidation moves , 1/11/2004 • Feel guilty if youre not shopping? , 1/4/2004 More... Related Sites Robert Allen Institute Millionaire Hall of Fame National Association of Realtors John T. Reeds Web site John T. Reeds reviews of the real estate gurus Carleton Sheets Web site Joe Crumps Real Estate Moneymaker.com The Basics Nothing quick about getting rich with real estate advertisement A real estate seminar promoter promised to create 1,000 new millionaires, but so far none are in sight. See what happened to his believers. By MP Dunleavey Like a lot of people these days, Marjorie Stark wouldnt mind making a little extra cash -- or even a lot of it. So when she attended an information session for Robert Allens Creating Wealth Through Real Estate seminar in New York, she was more than willing to pay $2,495 for Allens intensive three-day course on real estate investment strategies. Concerned about not having enough to retire on and wanting to pass along some wealth to her kids some day, the 62-year-old New York City educator said to me then: I am convinced that real estate is the way to go. I was there that night, too, and I could scarcely resist the mouth-watering idea that those three days could make me rich. As the guy leading the session announced: We are on a mission to create 1,000 new millionaires in 12 months! A year later, Stark isnt any closer to being a millionaire. She hasnt bought any new property nor made any money on real estate -- except for the rental property she owned before and bought the hard way (with cash and bank loans). She even admitted that when she saw Robert Allens newest venture was in vitamin sales, I thought I was going to puke. I was very disillusioned. But Stark is undaunted and still believes there are fortunes to be made in real estate. She just enrolled in another seminar at a local college on how to buy distressed and foreclosed properties, she says. With a full-time job, Im not sure how I can do it, but, boy, am I itching to go! Start investing with $100. Explore our new ETF center. Theres something about real estate Stark is not alone. The National Association of Realtors doesnt track independent real estate investment seminars or how many people attend them, but their allure springs eternal like the get-rich hopes of those who sign up for these courses. The odds of winning are not high. Robert Allens 1,000 new millionaires never materialized in the last year, for example. Allen operates whats called The Enlightened Millionaire Institute. Its Millionaire Hall of Fame Web site lists only 50 millionaires (defined as having generated gains averaging $2.6 million). A spokesman admits not all of them exclusively used the Allen method of real estate investing. (And, in a disclaimer, the site notes, No information has been verified or authenticated. Results vary. All successes are subject to one's own knowledge and effort.) Despite all that, the Robert Allen Institute still conducts two or three seminars a week in different cities and says it reaches about 1,200 people each month. (Thats 1,200 x $2,495 = $2.99 million a month, in case you left your calculator home.) Allen is just one of dozens of artful salesmen who preach fancy financing, no money down, flipping properties quickly and numerous other strategies to get rich buying and selling real estate. And the question all this preaching raises is, do these investment techniques, systems and strategies really work? Can they actually make you rich? After all, would people keep trying it if it couldnt be done? Or are hundreds of thousands of people simply seduced by expert sales pitches and swindled out of hundreds and sometimes thousands of dollars? Weighing the evidence Like so many things in life, it depends on whom you talk to. Or whose Web site you believe. John T. Reed is a real estate investment coach himself, based in Alamo, Calif. Hes also a self-appointed watchdog for this industry. He keeps the most exhaustive list I could find of dozens of so-called gurus, along with reviews of their techniques, books and other products. Although Reeds Web site , where you also can buy his various books for $29.95, reads a bit like he has a chip -- a very big chip -- on his shoulder, he was recommended by the National Association of Realtors as a serious investigator in the industry. Not that hes against real estate investment, or some of the reputable folks who teach their own hard-won wisdom. But those have been degraded by "the endless parade of B.S. artists coming into the real-estate-investment-advice field. It is an embarrassment to the good people in the business." And many people believe his grousing is justified. Norm Bour is the host of The Real Estate and Finance Hour on KLSX in Los Angeles, a top talk radio station. Hes worked in real estate as a mortgage lender and describes the proliferation of real estate seminars, workshops and scams as a major pet peeve. Case in point: foreclosures, he begins. Real estate in California has gone berserk in the last few years so people are looking for foreclosures to buy. The idea being you can buy a foreclosure more cheaply than other property and potentially gain a windfall when you sell it. But, as Bour notes, You can count on one hand how many actual foreclosure properties there are (for sale). Yet theres no lacking of people who are offering real estate foreclosure lists. One might pay $35 for a list, but it may be peppered with properties in other states. Its not fraudulent, but its certainly deceptive. The shady gray area Well-known personalities like Robert Allen or Carleton Sheets , who have extensive marketing organizations, are a little different, Bour says. They offer some very solid basics, but the number of people who can do what they propose is very small -- because they make it sound so much easier than it is. Thats what Josh Kelinson, a freelance advertising consultant in New York, found when he and two friends tried to follow the Sheets method. The three pals pooled their resources to master what Sheets preached, which is similar to the Allen method: buying property with no money down (or some other creative financing method) and flipping later on for a profit. One of his pals took the seminar, another bought the 8-CD set, etc. Thus inspired and determined, they tried to buy a building suitable for five apartments in Massachusetts, not far from where theyd all grown up. Kelinson says the actual experience of trying to buy an income property proved eye-opening. We spent a ton -- and I mean a ton -- of time on it. There was the approval process, the paperwork, getting lawyers. It took two to three hours a day, not including weekend travel time and unexpected snafus. I found it impossible to do with a full-time job. Ultimately, the project bogged down because of a major zoning problem. The building was in an area zoned for three apartments, and the building had been illegally converted into five apartments. The zoning authorities refused to grant an exception to the rules. Then, the building owner refused to return their deposit. The three were out $35,000. Still, Kelinson doesnt feel misled or duped by the Sheets method, and he and his friends are sure they can make it work with their next deal. There are a lot of other things out there that are scams, but this definitely can be done, he says. But investing in real estate is not nearly as easy as it looks, he says. Make sure you have the time to do it, he advises wannabe investors. If you dont allocate the time, it probably wont work. We want the system to work so much And therein lies the fundamental appeal, and ultimate trouble, of get-rich-quick (GRQ) strategies. Its the jackpot mentality, says psychologist Patricia Farrell, author of How to Be Your Own Therapist . Just like the schmoe who buys a winning lottery ticket -- every once in a while, someone, somewhere really does use these edgy real estate investment techniques to make millions. Its not the principles that are flawed, says Bour. Its the simplicity and ease that are overstated. Most of these courses are so seductive, Farrell says, because they operate according to a tried-and-true principle of behavioral psychology called the variable ratio reinforcement schedule. Basically, people (and rats) will persist in doing something, even with little or no return, if they are given the tiniest bit of hope of a coming reward. So the fact that some people do succeed at no money down strategies acts like a financial aphrodisiac for all those watching, waiting, hoping. So could the Starks and Kelinsons of the world be next? Is it just a matter of reapplying the Robert Allen/Carleton Sheets techniques until they work? Mark Wilson, one of the millionaires created by the Robert Allen Institute, would say yes. The president of Southeastern Housing Partners in Hickory, N.C., Wilson started investing in real estate in the late 1980s. We were doing OK, but nothing to write home about. Then in 2002, after hearing Robert Allen speak, Wilson paid $5,000 to join a one-year intensive coaching course. It changed his life, his business and, above all, his cash flow, he says. Although hed read Allen's No Money Down in college, the seminar focused more on another Allen signature strategy: developing multiple streams of income (from rentals, rehabs, buying foreclosed properties, commercial properties, etc.). Now, Wilson says, hes about to close a deal that will put his net worth at $8.5 million. He believes anyone can make big bucks from real estate if he or she is willing to take action -- not just sit on the sofa listening to tapes. Before you sign up, count to a million Of course, Wilson admits that it was easier for him to take the Robert Allen techniques and run with them. He had a lot of experience in real estate already. Most people, Bour points out, dont have those skills. And few people have the time or the diligence to acquire them. (Some skill sets you need to have -- and the course cant teach it to you, agrees Kelinson.) Bob Underwood of Stafford, Va., is one person who can testify to the fact that investing in real estate is not for those steeped in fantasy. Underwood bought an e-book from yet another author and teacher by the name of Joe Crump . Crump, who hails from Indianapolis, teaches a no-money-down technique, but he told me that he does it legally and ethically. Underwood, 43, has a wife and family and a full-time job -- and no time to muck about in real estate with no return. He paid Crump about $500 for one-on-one coaching in 2002 and, after a rocky start, has managed to buy three properties in the last two years. Hes sold one of them, made about $10,000, after taxes, in the process and is hoping to rehab and sell another this year. One deal Underwood did alone, the next was with a partner. He says theres no cookie-cutter method that works. What works, he says, is getting out into the market, investing the time to learn about the business, not neglecting your wife and kids (or day job), learning from your mistakes, making friends and getting advice from others as you move forward. Slowly, steadily and not particularly wealthily. Remember, you have to pay capital gains (taxes) on the profits, he says, so its not a lot of money in the end. But that, of course, isnt what people want to hear. People are lead to believe that all you need is the right plan and youll make a million, that if you use this system youll be rewarded, says psychologist Farrell. They dont realize that the possibility of getting that big reward is so remote. Editors' choice Don't get scammed by your mover Safeguard your Social Security number 5 ways to tap into the onshore drilling boom Your checkbook just became obsolete Turn $1 a day into $67,815 Readers' choice Ratings Top 5 Articles 9.30 Zombie debt collectors dig up your old mistakes 9.24 Keep thieves out of your bank account 9.22 Credit reports now free for entire U.S. 9.19 10 ways to avoid outrageous hospital overcharges 9.17 Tax breaks for Katrina victims -- and all of us View all top rated articles More Resources · E-mail us your comments on this article · Post on the Your Money message board · Get a daily dose of market news S earch MSN Money tips advertisement Sponsored Links Fund data provided by Morningstar, Inc. © 2005. All rights reserved. Quotes supplied by ComStock , an Interactive Data company. MSN Money's editorial goal is to provide a forum for personal finance and investment ideas. 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Colorado Real Estate -

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Foreclosure Property Investor's Kit

Amazon.com: The Pre-Foreclosure Property Investor's Kit : How to Make Money Buying Distressed Real Estate -- Before the Public Auction : Books: Thomas Lucier Your Store Books See All 32 Product Categories Your Account | Cart | Wish List | Help | Advanced Search | Browse Subjects | Bestsellers | The New York Times® Best Sellers | Magazines | Corporate Accounts | Amazon Shorts | Bargain Books | Used Books | Textbooks Search Amazon.com Books Web Search or Sign in to turn on 1-Click ordering. A9.com users save 1.57% on Amazon. Learn how . More Buying Choices 30 used & new from $11.59 Available for in-store pickup now from $19.95 Price may vary based on availability Enter your ZIP Code: Have one to sell? See larger image Share your own customer images Search inside this book The Pre-Foreclosure Property Investor's Kit : How to Make Money Buying Distressed Real Estate -- Before the Public Auction (Paperback) by Thomas Lucier (110 customer reviews) List Price: $19.95 Price: $13.57 & eligible for FREE Super Saver Shipping on orders over $25. See details You Save: $6.38 (32%) Availability: Usually ships within 24 hours. Ships from and sold by Amazon.com. Only 4 left in stock--order soon (more on the way). 30 used & new available from $11.59 Return to buying info page Editorial Reviews Review "…the best…" and "…well written…. On my scale of one to 10, this outstanding new book rates an off-the-chart 12." (Robert J. Bruss, Nationally syndicated columnist) Review "This is the best of the many how-to-profit-from-foreclosure books. It is well written, ultra-complete, and packed with more details than readers will need. The worksheets are invaluable to simplify what can otherwise be a complicated business. On my scale of one to 10, this outstanding new book rates an off-the-chart 12." --Robert J. Bruss, Nationally syndicated columnist. Book Description Pre-foreclosure real estate is one of the hottest investment opportunities on the market. The Pre-Foreclosure Property Investors Kit offers step-by-step instruction and no-nonsense advice on how to find great deals, estimate fair market value, negotiate with sellers, sell your property on your own, and win big in real estate. Youll learn how to get the best deals on foreclosure properties before they go to auction and utilize simple ready-made worksheets, checklists, forms, and agreements that make getting started easy. Even people of modest means can get into pre-foreclosure investing—all it takes is a little hard work, persistence, and the tools youll find in this handy guide. From the Back Cover "This is the best of the many how-to-profit-from-foreclosure books. It is well written, ultra-complete, and packed with more details than readers will need. The worksheets are invaluable to simplify what can otherwise be a complicated business. On my scale of 1 to 10, this outstanding new book rates an off-the-chart 12." —Robert J. Bruss, nationally syndicated columnist A practical toolkit for making money on pre-foreclosure properties One of the most lucrative avenues for investors today is pre-foreclosure real estate; investors who are organized, informed, and persistent can make a bundle. But if you start investing without the proper knowledge and tools, you could lose your shirt. With step-by-step instructions and practical, no-nonsense advice, The Pre-Foreclosure Property Investor's Kit shows readers how to make even more money by finding foreclosure properties before they go to auction—beating the competition to the punch. Plus, this comprehensive resource is full of ready-to-use worksheets, letters, checklists, forms, and agreements that make getting started easy. You'll learn: How to make as much as $60,000 per year investing part-time Why NOW is a great time to get started in pre-foreclosure investing How to use foreclosure notices to find local properties How to use direct mail to contact property owners in default How to estimate the current market value of properties Everything you need to know about your state's foreclosure statutes Most people think that investing in real estate requires a giant bank account and a perfect credit score. But with pre-foreclosure investing, even people of average means can get into the game—all it takes is a little hard work, persistence, and the helpful tools you'll find in The Pre-Foreclosure Property Investor's Kit. About the Author THOMAS J. LUCIER has been a real estate investor since 1980. An active member of both the National Association of Real Estate Editors and the Real Estate Educators Association, he is a widely published real estate expert whose advice has appeared in such publications as the Wall Street Journal and Commercial Investment Real Estate magazine Return to buying info page Suggestion Box Your comments can help make our site better for everyone. If you've found something incorrect, broken, or frustrating on this page, let us know so that we can improve it. Please note that we are unable to respond directly to suggestions made via this form. If you need help with an order, please contact Customer Service . Please mark as many of the following boxes that apply: Product information is missing important details. Product information is incorrect. Propose corrections using our Online Catalog Update Form . The page contains typographical errors. The page takes too long to load. The page has a software bug in it. 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