Real Estate News


3 Red Flags to Watch For When Buying a Home


  It’s easy to get swept up in the excitement of buying a house and overlook the finer details of a property. While the wooden floors in the bathroom might look rustic and chic on inspection, exposure to moisture will eventually cause the wood to rot if not treated properly, and guess who's left to replace it? Here are 3 more red flags to watch for when buying your next home or investment property:     1) Amateur Repair Jobs If a home has been in a family for an extended period of time, there’s a higher chance of DIY repair jobs, particularly when it comes to electrical and plumbing. Carefully inspect properties for what may look like an amateur or short-term fix, and if in doubt about the safety or integrity of the work, request an expert opinion.     2) Water Leakages What might be easy to pass off as an innocent little drip (because you’re head over heals with the rest of the house) might actually turn into ...


How to Prepare Your Home For a Winter Sale


It's a common misconception that selling your home in winter is a waste of time. The good news about this unfounded belief, however, is that there are fewer listings on the market, resulting in less competition for you and more competition for home buyers - the stakes are higher for buyers and they're more likely to loosen their criteria for finding their perfect home.   If you're considering a winter sale, here are 5 things to get sorted before taking your home to market:     1. It's Gutter Happen   It's a dirty job, but somebody's gotta do it. Give your gutters a much-needed clean out before the open house. Not only are leaf-laden gutters unsightly, but you don't want buyers having to dodge cascading waterfalls on the way to the front door due to clogged gutters in the event of rain.    Before you reach for the rusty step ladder, consider some safety precautions, including how sturdy the ladder is and whether the old knees are up to the jo...


What You Need to Know Before Purchasing an Off-The-Plan Development as an Investment Property


  Many investors gravitate towards purchasing off-the-plan developments due to the perceived benefit they offer. Off-the-plan developments are often marketed as an easy way to enter the property investment world and the glossy brochures can certainly make them look like an attractive choice.   Being new builds, investors can maximise depreciation and minimise maintenance costs, which assists with boosting returns. Although this seems promising, due diligence needs to be exercised before signing the contract. Here are some tips before purchasing an off-the-plan development as an investment.     Be Wary of Guaranteed Rental Returns Many developers offer a ‘rental guarantee’ to entice investors. It can sound like an attractive option at the time – the market rent may be $350 a week, the guarantee $500 a week. Sounds too good to be true? That’s because it is. Once the rental guarantee expires, the investor is forced to accept rent at the m...


9 Little Known Facts About Pennisi Real Estate


  Forty-five long years we've been in business, yet there's still a few things most people don't know about our family-owned and run Essendon real estate agency. Here are 9 little known facts about Pennisi Real Estate we'd like to share with the Moonee Valley community...   1. We are the oldest real estate agency in the City of Moonee Valley. Sam Pennisi established Pennisi Real Estate in January 1973 at the age of 33 with a staff of only two. Today the company employees a team of over 20 and is the oldest agency in the City of Moonee Valley celebrating a prestigious 45 years in 2018. Learn more about the Pennisi story here.     2. We are massive supporters of the Cancer Council.   In 2018 already, we’ve raised $18,940 for Cancer Council Victoria’s life-saving work in research, prevention and support of the 622 people diagnosed with cancer in Moonee Valley City each year. Learn more about our annual fundraising campaigns here. &...


Highest Team Fundraiser 2018 Relay For Life


It is with great pride that Pennisi Real Estate has been announced the Highest Team Fundraiser for the 2018 Relay For Life.   Included in our fundraising campaign was the annual Pennisi Trivia Night, attended by 250 people to raise a total of $14,500.00.   We also competed in the Moonee Valley Relay For Life raising a further $3,240.00 and held a morning tea that raised $1,200.00 in memory of Dianne Pennisi who lost her fight with breast cancer in April 2017.   Together we raised a sum total of $18,940 for Cancer Council Victoria’s life-saving work in research, prevention and support of the 622 people diagnosed with cancer in Moonee Valley City each year.   The funds raised are making an incredible difference in our local community through the following initiatives…   Australian Breakthrough Cancer Study, following 50,000 people to understand more about cancer to help prevent and treat it. SunSmart, Quit and LiveLighter, which help pre...


Top 5 Tips For First Time Home Buyers


  Buying your first home can be daunting – both financially and emotionally. It’s likely to be one of the biggest investments you’ll make, so the Pennisi Real Estate team have compiled their top 5 tips to guide you.       1.  Start saving now (like, today) House deposits can take years to save, so it’s smart to start as soon as possible and save as much as you can. This not only demonstrates to your lender that you can exercise enough discipline to accumulate a large amount of savings, but you will also have a buffer of equity in the property from the beginning.Think about how much you could save if you passed on the cafe lattes and avo smash for a few months. If you skip two flat whites a day you could save nearly $2,000 a year... If you skip two avo toasts a week you'll save another $2,000 a year... It all adds up and in five years time you'll have an extra $20,000 ready to go...