It would be an understatement to say that home buyers and investors have struggled to secure finance for the past six months or so.
Why do so many property experts have difficulty predicting the market and why do they keep getting it wrong?
The property market always seems to evoke strong and conflicting opinions.
One of the most commonly asked questions to a real estate agent is when is a good time to buy or sell?
The answer to this question depends greatly on personal circumstances. Is it a financial decision (gain or loss)? Need a bigger or smaller home to live in or start an investment portfolio?
The reasons are as many as they are varied.
Interpreting agent’s price guides has become harder than earning enough money to purchase a property for many home buyers.
Each agency takes a different tact on how to position their respective listings to the market.
Some firms price accurately, some throw berley in the water and price well below market price in an attempt to bait prices.
The best agents will always be able to introduce buyers to your property without asking for any money. If an agent claims to have a buyer, as most real estate agents will, that should negate the need for spending money upfront on advertising. Unfortunately, many agents will initially ask a seller to spend money advertising their house (and their agency).
While market conditions are relatively healthy at present, the best buyers will always make themselves known to most of the agents in the area they wish to buy into.
If there is any unfinished work inside the property – such as skirting boards that have been removed – fix these things.
If there are any obvious minor repairs – such as door handles missing or broken hooks – fix these too.
Quite often when home sellers ask an agent to give them a price estimate on their home, the expectations they have are usually higher than the price the agent is thinking.
Some real estate agents, unlike valuers who are objective, may be tempted to raise their estimate price in order to get the listing.