Hi Property Lovers
I've decided to give some advice (in my opinion) to buyers & sellers when entering into the market:
Sellers.....Just because there is a confidence back in the market doesn't mean the value in your property has gone up $500,000 in 2 months. What we are now seeing is a turn around in the market. Yes there are genuine buyers out there and properties are being sold......but we are still not out of the clear yet. If you are a genuine seller make sure your selling price reflects what the market will pay for it, otherwise your property will sit there and not sell...
Buyers....By far its still one of the best times to buy property, even with the ever looming rise of interest rates, they are still the lowest they have been in 40 years, and with property prices throughout the Western Suburbs adjusting to the current market buyers have a great opportunity to get into the market. Saying that, buyers must also be realistic in there offer's.....8 months ago when there was no movement in the market and very few buyers - you could get away with presenting a very low ball offer, today there is a lot more competition out there for buyers. We are selling a lot of homes on or prior to the first home open and some for full listing price. So buyers be cautious when putting a low offer in and getting stuck in the counter stage, as it is very possible a second offer will be put presented. If you really like the property present an offer that reflects your a genuine buyer.
Please take into consideration that this is only my personal opinion.
Thinking of buying or selling in Nedlands? Call me anytime.
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