Up, Down and Around We Go!

In any market a seller wants to obtain the best possible price for their property regardless of their circumstances.  When it comes to buyers, there are many types looking at varying price ranges – investors wanting to buy low and rent high, developers wanting to buy very low and have extreme margins, first home buyers or ‘gen Y’ who just want to just get into the market, and families who are usually movers and shakers and slide from one price range to another (usually more prone to be an emotional buyers).  But while our market is stable - not going up or down, which sounds much better than flat lined, buyers will start to look elsewhere if they cannot find a suitable home.

For those home owners considering selling, remember that preparation and presentation is the key as first impressions are so important!  We had a home with overgrown gardens that looked messy and unloved, but the owner wanted the property on the market.  After a week, we had no interest.  So we recommended a complete a garden clean-up and the owner agreed to a small budget makeover (sound familiar).  We had our tradesman go in and within a day we had changed the appearance of the home.  Even though we did this, we couldn’t guarantee a fast sale, just a better response.  Again, we notified our buyers and that weekend we had the home under contract. 

With Spring just around the corner, think about what you may need to do to get your home ready for sale.  Make a list, just like buyers, and tick them off one at a time.  But don’t overdo it as it could be money down the drain!  The other option is to get an agent in and see what will benefit your home to maximise your return.  Sound good?  Well if you’d like more information on the best possible step forward then just call!