Filed under: learning about the property market
In the book “Rich Dad, Poor Dad”, Robert Kiyosaki talks about a range of options for building wealth. One of the key investments he talks about is real estate foreclosures: the situation that arises when someone is forced to sell a house (for some reason), and the bank sells the property – usually at auction. This situation presents a great opportunity for the buyer: the sale price is likely to be below market value, and so as soon as the transaction has been completed, you have equity in the property.
Until now, it’s been hard to find these properties: the bank has an obligation to make sure the property is sold at a fair price, and so there is not much publicity around the listing of these sales as “foreclosure sales”.
At findmeahome.com.au, we’ve taken the database of properties that are listed for sale, and combined it with the Residex database of price estimates for properties. What happens when you combine those two? You get the Best Bargains Report.
When the database tells us that a property might be a bargain, we call the real estate agent and confirm. If it passes that test, it’s a candidate for inclusion in the Best Bargain Report.
The properties in the bargain report might be sold quickly, and so instead of selling a single issue we sell a 4-week subscription to the report.
Filed under: learning about the property market
Choose a state, postcode, then suburb, and find out how many properties we have listed, and our estimated price range.
There are lots of properties listed for sale on the findmeahome.com.au website. So many, that you might not think to look in all the suburbs where you might be able to afford property.
We’re working on a new feature that will let you browse through states, postcodes, and suburbs, and find out how many properties are listed for sale in a suburb, and what kind of price range you might expect to pay.
Try it out: it’s at findmeahome.com.au/suburbs/.
- Choose a state or territory
- Choose a postcode
- Choose a suburb
Is there other information that you might expect to see on this kind of page? Or another way of finding the information? Let us know in the comments below.
Filed under: site information
Thanks for your patience during that last round of maintenance. If you’ve been back to the site, you will have noticed the new homepage.
1. Read and agree to the conditions. 2. Click "agree".
As you can see, we’ve moved things around a bit. We’ve also added a table so that you can see how many properties we have listed on the site.
Once you’ve agreed to the conditions, you have two options.
Get a price estimate for any property, or search for a listed property
Instead of having to look around on the search results page for the “price estimate” tool, we’ve put it front-and-centre on the homepage. Also new, you can look up a price estimate for any listed property.
What do you think of the new homepage? Do you have any comments or suggestions? Let us know.
Filed under: site information
You may have noticed that the findmeahome site is closed, with a note saying that it is being upgraded.
What are we working on?
The old splash page allowed you to search on a suburb. What we’re working on is the ability to search on a property address. Once you type in an address, you’ll be able to either see the listing for that address (if we think it’s currently listed for sale), or to get a free price estimate of the address (once you log in).
We’re hoping that this search tool will make the site even better, but we need a little while longer before it’s ready. Please bear with us!
