Leah Calnan, President of the REIV, talks to us about what agents need to tell buyers and tenants when looking at a property to buy or rent.
As a copywriter and a photographer, we definitely go through some homes with a sordid past. I know I’ve been through homes where you just get that chill through your spine when you step into a room that you feel you aren’t welcome. My brother-in-law even sold the house for the Mornington Monster – john Sharp who killed his pregnant wife and child with a spear-gun. He bought the house in October 2003 for $390,000, killed his family in March 2004, temporarily burying his wife in the backyard, and the house sold, after he was charged for murder, in 2006 for $325,000. It’s creepy stuff… but we are going to get to the bottom of what we need to know before we go and buy or rent a property with a past.
Intro:
Leah Calnan is the President of the Real Estate Institute of Victoria. She has previously served as Vice President and Senior Vice President over the past two years, and was elected the President role in October 2019. Leah is a titan of the property management and rental sector. Leah is the sole director of prestigious Metro Property Management, and was named Property Manager of the Year in 2016. Leah brings more than 24 years of real estate experience to the role, is a passionate trainer, has authored books on real estate and is a highly sought after presenter on rental laws. Welcome Leah.
Grant: leah, how did you get into real estate?
1. How much does an agent need to disclose in Victoria, when it comes to crimes and deaths that happen within a property?
A) Do they have to tell me if I ask, or do they have to say ‘by the way, a gang land killing took place here 10 years ago, but all the riff raff have gone from the area, so there’s nothing to worry about?’
2. How recent does the death or crime need to be, to be disclosed?
3. Carrie from Kew wants to know if an agent can be fined or penalised for knowing, but not disclosing?
4. What happens if the agent hasn’t been told about the negative history?
a. Can an agent be penalised for not saying anything?
5. How does the negative history need to be disclosed? Verbally or in writing?
6. What about other types of disclosure, like if the property is in a flood plain, termites were found 12 months ago, or if a fire took place in the kitchen in the last 5 years?
7. Do we need to disclose if there is a known ghost in the house?
8. What types of buyers really care about the history of the home in terms of crime and death?
9. What should we do if we really want the property, but are worried about the negative energy that may be perceived within the home?
a. In most cases, would it also lower the price?
10. Do disclosures also need to be made when someone wants to rent a property?
a. What are the new Victorian rental laws that will affect disclosure?
11. Do you have any stories about homes you’ve been in that have had a past?
If your interested please find below some links to further information about the Easey St Murders discussed in the podcast:
Original Article Sparking The Case:
Wiki: https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=2&cad=rja&uact=8&ved=2ahUKEwjWoa36gKPnAhUs7XMBHaQyC30QFjABegQICxAE&url=https%3A%2F%2Fen.wikipedia.org%2Fwiki%2FEasey_Street_murders&usg=AOvVaw2xHSkDqsXUsCTeHGn5lwox
Book Murder on Easey Street by Helen Thomas
https://www.betterreading.com.au/news/notorious-cold-case-read-a-review-of-murder-on-easey-street-by-helen-thomas/
Enjoy & thanks for listening!
Ep170: Sue Langeder - The Importance of Consistent Corporate Copywriting
Ep169: Alistair MacLean - Reimagining a Detonation Project as a Renovation Project
Ep168: Sophie Lyon - How To Prepare for a Routine Inspection
Ep167: Brooke Sichau - Trends in Kitchen Design
Ep166: Jade Carberry - Inspection Secrets: How to Inspect Property on a Time Limit
Ep165” Miriam Sandkuhler - How to Downsize Effectively
Ep 164: Frank Valentic - How to Buy Property in a Property Syndicate
Ep163: Megan Taylor and Alicia Lecky -Two Years In for Residential Tenancy Compliance Checks
Ep162: Miriam Sandkuhler - How to Spot a Fake Buyer’s Agent
Ep161: David Klingberg - How to Know Where To Buy a House and Land Package
Ep160: Sophie Lyon - How to Complete a Condition Report When Starting a Tenancy?
Ep159: Nello Traficante - Understanding Land Tax
Ep158: Chris Christofi - Why You Should Buy an Investment Property Before Your First Home
Replay Ep 116: Alistair McLean - The Appeal of Mid-Century Modern Homes
Replay Ep71: Josh Summers - Flipping Properties
Replay: Ep1 - Frank Valentic: How Can You Add Value Without Spending a Fortune?
Replay Ep10 - Kim Steel: The AirBNB Revolution
Replay Ep56 - Dean Davis and Emma Nuttall - The Process of Styling
Replay Ep66 - Michele Scott - Numerology and House Numbers
Ep157: Christmas 2022 Episode
Join Podbean Ads Marketplace and connect with engaged listeners.
Advertise Today
Create your
podcast in
minutes
It is Free
Regenerative Skills
The Meaningful Life with Andrew G. Marshall
The No-Frills Teacher Podcast
The Jordan B. Peterson Podcast
The Mel Robbins Podcast