Berry Blog

Buyers that have been watching the market for months now are finally putting their hats in the ring and making their presence felt. 

So what does this mean for sellers?  More inspections, more traffic through your properties, and yes even some offers -now don’t get too excited just yet, we’ve still a way to go back to a more buoyant market, but all the signs are there as we watch Sydney and Melbourne auction clearance rates increase and in our own backyard, we are seeing SOLD signs dotting the landscape.

Whilst all of this news is exciting after such a long period of inactivity, the buyers out there are also adjusting to a transitional market, they are very much looking for value for money, and some are having a hard time understanding that the buyers’ market of 2018/19 has bottomed out and they may no longer have the ‘upper hand’ in a negotiation.  For the astute buyers who can read the signs, they will purchase now in the bottom of the new property cycle and enjoy the capital gain over the longer term in an emerging market.

So in summary, what we can expect to see as we approach a spring market is increased enquiries, increased inspections and some of our older property stock proudly sporting sold signs.

And... here at Raine & Horne we are all about transparency and to this end we will be undertaking over the next few weeks to have a look at the participants in this new transitionary market. 

We will look at the roles each participant plays, from your real estate agent to the solicitors, purchasers and sellers. 

We will look at the exchange process, and the timeframes and due diligence required to exchange your contracts. 

We will also look at the settlement process and also the individual roles each participant plays to get your property sold.  

We will invite questions from our readers and introduce to you some of the professionals who work on the periphery of our real estate market and how their roles impact your sales.