Weekly Market Pulse - 15th November 2018
There is now only 6 weekends until Christmas, 5 of which are effective open home weekends. If you are on the market now, and not getting any enquiries either by private inspection or through the open home, book a time with your agent and discuss how to increase foot traffic through the door. It could be as simple as adjusting the price, or increasing your market reach.
We have seen plenty of mum and dad investors buying up property for the last couple of weeks and are beginning to see a large number of ‘Generation X’ buying into property for the first time. Job transfers are really pushing sales in the area and what this tells us is we are in for a bumper Christmas. Buyers are still researching previous sale prices and are getting the information they want before choosing which properties to look at, and are often viewing less in person because they know what is value for money.
A home is worth as much as someone is willing to pay for it: often serious buyers have been in the market for a while comparing other homes and will have a very good idea of the market and the current prices. This means building too much 'wiggle room' into your price will only help someone else sell their home if it appears to be 'better value' to any potential purchaser.