THE SAME HOUSE OFTEN IS VALUED DIFFERENTLY

Ever wondered why a home can be listed for one price, valued at another, lender-valued at yet another price and then sold yet another? #HomeBuyer#FirstHomeBuyer #Valuation #HomeLoan#ElephantStory This scenario is like the tale of the 6 blind men and the elephant. Each touched a part of the elephant and decides the whole big picture without any input from the others. The bank value If your home is mortgaged then your lender will definitely value it. This gives the lender security against the borrowed amount if you cannot pay your mortgage and the lender must sell the property to recoup its debt. Hence a bank valuation is usually conservative, sometimes 10%-20% less than the current selling prices of comparable homes. The selling agent’s price appraisal Real estate agents are commonly asked to assess the market value of a property. This will often help a vendor decide who to engage to sell their home. An agent will inspect the home and research comparable sales in the local suburb or town before producing written feedback with a sale price estimation such as “between $X and $X” or “from $X”. This price guide is used when advertising the house. The sale price The price the successful buyer is prepared to pay, and the vendor is willing to accept, on the day the contract is signed is the property’s legally binding sale price. Hot markets, high demand in certain areas and a big turnout on auction day can all have an effect on the final sale price for a property. The local council’s valuation The annual local municipal rates bill shows the notice a Capital Improved Value (CIV), site value, net annual value (NAV) and/or gross rental value (GRV). These figures are calculated using comparable sales data and the bi-annual figures from the State Valuer-General’s offices. Councils and water and fire authorities, use these figures to work out how much homeowners owe them for using their infrastructure and services. The homeowners’ price Every property owner will have a ‘dream price’ in their minds when they come to sell. It includes the memories, convenience factor and any add-ons made to the property. In the end the market will usually decide a property’s value by what a buyer is willing to pay for it at auction or through private sale. Are you looking for a valuation on your property? Contact me on 0425 341 086 or https://www.facebook.com/Madhu.Chaudhuri.FMS/ for a free property valuation.

Women are expected to do more

People often tend to get stuck when they analyse options, set goals and create a well thought-out, perfect plan. This may have worked well while attending school and feel like a logical way to approach a new endeavour. #Women#motivation #goals #Success #WomenCareer #WomenatWork
However, many major life improvements and career trajectories rarely have clear paths or destinations. If you don’t know where you’re going, it’s really difficult to create a map.
Also, since smart women often do things well, people often rely on them, whether it’s juggling multiple responsibilities or projects at work or caring for family. You may often put others first and not have the time to focus on yourself. This can lead women to feel overloaded and depleted and make it more difficult to try something new.

A decade of experience as a businesswoman and being a mother of three girls has given me loads of experience in various aspects of life. I am also a passionate astrologist and mentor various brokers in the mortgage field.
Share your overwhelming moments with me and I can share mine and my client’s experiences to help you move forward to take better financial decisions. Please contact Madhu on 0425 341 086 to discuss.

Winning Attitude

To make progress and enable higher quality, more productive work you need to consider the following three As. #progress #attitude #winning #success

1. Attitude is a state of mind that where you are conscious of what you need to get the job done effectively and efficiently. It’s about being prepared to listen and reflect. This targeted concentration enables you to ignore the distractions and make progress.
2. Attention is about being focused on the task in front of you and giving yourself
enough time to complete it. This involves doing work in dedicated chunks of time. Highly productive people set aside the morning for highly complex thinking. They also ruthlessly manage their schedule to ensure they don’t waste time. 

3. Aptitude is about being really clear on the purpose of the task and
having the plans and patience to carry them through. This is about knowing what
you need to pay attention to and prioritising your focus accordingly. It’s also about
being clear on why you want to do this because if the motivation is missing it will
be hard to follow through.

I love Westmead

Want to live only in Sydney? Here is a highly sought after deal.
#firsthome #Investment #Westmead #Parramatta #Sydney #NewHome#HomeOwner
Located at 93 Bridge Road,Westmead the new site occupies 8,664 square metres of prime R4 zoning land and benefits from a 92.795 metre frontage along Bridge Road to the western elevation and 256.6 metres of combined local internal road frontages along the Northern and Southern boundaries of the property.

The site is located in a gateway position close to the Westmead health district to the North and situated approximately 2.2kms from the Parramatta CBD. The EOI closing 16:00 PM, Thursday 5th April 2018.
The existing improvements on the site comprise 31 single storey two bedroom villas. 

Contact Madhu on 0425 341 086 or at loans@financeandmortgage.com.au to learn about buying off the plan.