Represents a property buyer in negotiations with a vendor or his/her agent. The buyer’s agent is paid by the buyer. Buyer’s agents should be licensed and certified to act as a buyer’s agent.
Any fixed asset other than freehold land. Items such as machinery, implements, tools, furnishings, fittings, which may be associated with land use, but which are not fixed to the land or premises or, if fixed, may be removed without causing structural damage to a building. Legally known as personalty.
(A) Method of obtaining ownership of real estate by way of company shares (usually preceded Strata Title Act); (B) Under Company Title, land and buildings are owned by a private company. The company’s shareholding structure is organised so that ownership of a certain number of shares entitles the shareholder to exclusive possession of a part of the building.
The instance Where an asset is acquired by a statutory authority through legislation, irrespective of whether an owner is willing to sell or not.
A property below its intrinsic value.
A property with a twist – something unique, special, or a bit different or scarce about the property.
A property where capital growth can be manufactured through refurbishment, renovations or redevelopment.
An area that has a long history of strong capital growth and one that will continue to outperform average capital growth because of the demographics of the people living there.
An affluent area where people are prepared and can afford to pay a premium to live.
An area going through gentrification where a wealthier demographic is moving in and pushing up prices as they improve the area.
A legislatively required bank account where monies are held by an agent or solicitor for or on behalf of another person e.g. deposits, rental etc.