How Much is that Property Worth?

In today’s fast changing property market one of the common questions I’m asked is “How much is that property really worth?” 

Obviously that’s a good question – no property investor or home owner wants to overpay.

For products that are plentiful, transacted often and largely the same as each other, determining market value is really easy.

But purchasing a home is typically not like buying tomatoes at the grocer.

Each property tends to have features that make it unique.

Even two houses, side by side in the same street could be valued differently because of their individual attributes.

To make things even trickier, property is typically not transacted frequently, so it may be hard to find a recent sale of a home similar to the one you’re interested in buying.

There is no “right price

Property is unlike most other things that you buy – there are no set prices.

Buyers and sellers must negotiate a price that is acceptable to both of them.

4 Daily Habits That Make You Smarter

These good daily health habits were what made the wealthy smarter, which enabled them to realize financial success in life.

The good brain health habits came first and financial success eventually followed.

Specifically, I found four good daily health habits that improve brain function.

1. Daily Aerobic Activity

20 – 30 minutes of aerobic exercise every day has been proven to stimulate the growth of axon branches on each neuron.

The more we exercise the more oxygen we take in and the more free radicals are soaked up by this oxygen sponge process.

Since the brain uses 20% of our oxygen reserves, increased oxygen flow into the brain soaks up more free radicals inside the brain, making it cleaner and healthier.

By making aerobic exercise a daily habit, you are keeping your brain alive and healthy.

Work Your Way to Success

Our success in life is rarely a result of making one BIG decision.

It’s more often the culmination of a series of thousands of small decisions, all adding up to achievement of our goals.

Set yourself up for success.

Get your mindset right and the little decisions along the way will be practically made for you.

We all have a million choices every day – but unless you’ve plotted your overall direction in life, you’ll drift off course by lunch-time.

Your equity is the result of your mindset.

There’s simply no way around this fact.

Now is the time to work hard on what works, and drop the things that don’t work.

7 Rules of Power Negotiation.

Negotiating is a part of living; we do it all the time. 

When you walk down a crowded street you negotiate the path you take.

A couple negotiates their relationship before and during marriage.

Although you may not realize what’s happening, for example you take out the garbage tonight and I will do the dishes.

Nowhere do we seem to need good negotiating skills more than at work where we negotiate with staff, clients and suppliers.

And of course of the negotiation is one of the skills developed by all savvy property investors.

Over the years we noticed that some people are very good at getting terrific deals.  Most others simply get what the other party is willing to give. What’s the difference?

The first group knows how to negotiate.

Where do people learn to negotiate successfully?

There seems to be no school of negotiating.

Those who are successful at negotiation become so by doing many deals, in other words they learn from their experiences, but some just have a natural talent for it.

Beware of Property Investment Gurus- Temples of Doom

There are three things that we need to achieve happiness in life; someone to love, something to believe in, and someone to blame when things go wrong.

Enter the property investment guru…

Cashing in on these major needs, this dashing species has all of the hallmarks of success

A rags to riches story that is difficult to verify, the ability to arouse emotion previously only realised in religious cults, and a sound message:

“If I can do it, you can do it”.

This combination of popular psychology and extreme promises hypnotically encourages us to pay copious amounts of money for seminars – in pursuit of investment happiness.

More recently these gurus have taken on some nasty characteristics.

Just like sharks, confined to a fishpond, they are gnashing their teeth and showing signs of aggression.

To encourage seminar attendance, they are making outrageous advertising claims.

How to Spot a Guru

10 Lessons You Can Learn From The Rich and Successful

Below are the top 10 lessons you should learn from the affluent.

1. They are Self-educators

Corley said that rich people were often self-educators.

This means that most of them read to learn.

They read material that helped their dreams and goals on a day-to-day basis.

Many of these people also wrote down what they learned and implemented their new knowledge in their daily lives.

2. They apply the 80-20 Rule

Wealthy people tend to follow a 80:20 rule when it comes to money.

That means that they saved a lot of the money that they earned instead of wasting it away.

Corley says there are 3 ways to accumulate wealth: Save 20% of what you earn, expand your means of income, or both.

The third way is the fastest way a person can become rich.

3. They Chase their Dreams

How Does a Valuer Value Property?

In this article, we consult with managing director of FVG Property Group Mark Ruttner, who specialises in commercial and residential valuations, to gain his expert insight into how valuers assess and determine the worth of your home and investment properties and what this means for you.

First things first

What should you be looking for when considering your next property purchase – be it a home of your own or an investment – with regard to its potential as an equity building asset?

“The first thing I strongly recommend to anyone, regardless of whether it’s a residential or commercial property, is to have a valuer come out and look at it before you sign any contracts or make a firm decision,” counsels Mark.

He says this establishes your “comfort zone” as a purchaser, based on your own current financial position and what you hope to gain from the property over the term of ownership.

What will the valuer look for?

10 Things You Don’t Know About Millionaires

We all have our opinions about millionaires and the rich. 

I’d like to challenge some of those opinions and show you some things you might not know about millionaires.

It’s not about luck, fancy lifestyles or greed.

It’s about developing a mindset that sets you apart from the rest.

Here are 10 game-changers that you didn’t know about millionaires…

1. Millionaires are Hard Workers

During a survey by Spectrem, 94 percent of millionaires said that hard work was the number one factor in their success.

This could be in the form of literally building their businesses from the ground up, like Sam Walton and Walmart, or creating and acting upon new ideas everyday, like Steve Jobs and Apple.

How you can apply it: Hard work is a must if you want to be a millionaire. You’ve got to accept that and be willing to get your hands dirty.

2. Most Millionaires are Self-Made