Is Now the Right Time To List and Sell Your Property?

by Next Address Selling Your Home Privately

This is the million-dollar question on the minds of potential Sellers across Australia.

As COVID-19 restrictions ease in most cities, except Melbourne, sellers poised to market their homes for sale have hit the pause button, concerned whether the move will net them the best possible sale price in these uncertain economic conditions.

The apprehension comes as buyers, encouraged by generous government stimuli, are scouring the market for value buys, with low stocks and a large number of house hunters fuelling competition in the marketplace.

 

Next Address notes these comments from Nerida Conisbee, the chief economist at realestate.com.au, said there was widespread unease across the property sector. Online search data signaled a higher number of buyers in the market compared to the same time last year.

 

"In terms of selling, we can see on realestate.com.au that there are a lot of buyers out there and no matter which way we look at it, by pure search, engagement on-site or enquiry, numbers of those looking are all well up compared to the same time last year," Ms Conisbee said.

 

"But on the other hand when we look at the economic fundamentals, we do have rising unemployment and a September cut-off date for a lot of the stimulus that's in place. So, although people do seem to be quite confident, we have this murky outlook."

 

We want you to ask yourself this, how long you plan to hold the property?

COVID-19 has presented an uncertain time for those wanting to sell their own homes. 

Greville Pabst, Valuer, Block Presentor and Melbourne Property Advocate know buyers are reconsidering their options. He has also noted investors are low on the ground as well. "For those who do need to sell, prices may drop in the next six months so a move to list sooner rather than later would be advisable." Read More…

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Created on Jul 20th 2020 07:49. Viewed 284 times.

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