Selling Tips
There are five main avenues for selling your property:
The real estate market is no different from any other (market). It responds to supply and demand and numerous factors, such as interest rates, the economy, business confidence, employment rates, political stability and immigration, impact it.
We have the knowledge and experience to explain the current market environment and how it will affect the sale of your property.
At any given time we describe the market in one of three ways:
Price (current market opinion)
Our agents will identify a price range for your property by researching recent sales and comparing the attributes of various properties including the:
After looking at these factors they will propose a sale price range assessed to be most achievable for your property in the current real estate market including an initial listing price for your property.
- negotiation/private treaty;
- open listing;
- exclusive listing;
- auction; and
- sole agency.
The real estate market is no different from any other (market). It responds to supply and demand and numerous factors, such as interest rates, the economy, business confidence, employment rates, political stability and immigration, impact it.
We have the knowledge and experience to explain the current market environment and how it will affect the sale of your property.
At any given time we describe the market in one of three ways:
- Sellers’ Market – more buyers than properties available
During periods of high buyer demand, the market is called a ‘sellers’ market’. Values increase, properties sell more quickly, and buyers have fewer properties to choose from. Because there are fewer choices for buyers, the negotiating power rests more heavily with the seller.
- Buyers’ Market – more properties than buyers
In a ‘buyers’ market’, there is less demand for properties. Buyers have more properties to choose from, values are stable or may even decline, and sellers have to compete with each other to attract buyers. Because there are fewer choices for sellers in this market, properties will take longer to sell and the negotiating power usually rests with the buyer.
- Balanced Market – an equal number of buyers and sellers
In a balanced market, neither buyers nor sellers have a noticeable advantage.
Price (current market opinion)
Our agents will identify a price range for your property by researching recent sales and comparing the attributes of various properties including the:
- style of house;
- land size;
- condition of house (eg major renovator/highly presentable);
- number of bedrooms;
- car accommodation; and
- position.
After looking at these factors they will propose a sale price range assessed to be most achievable for your property in the current real estate market including an initial listing price for your property.