Have you heard of a Statement of Information or have you seen one and wonder what it is?
In recent years, there has been an emphasis on providing buyers with more market information so that they can make informed decisions when offering on a property.
In Victoria, all properties must have one and you can find the Statement of Information for a property online or ask the agent for it. It outlines 3 simple, but useful, things:
- The advertised price
- The average sale price for the suburb
- Three comparable properties
This information can be particularly helpful on properties that are advertised as “Expressions of Interest” rather than a clear price.