Selling your house in a buyer’s market
By | 15th Mar 19

The the most out of your selling campaign.

The property market in Melbourne has shifted slightly to a buyer’s market with a few contributing factors steadying prices that properties are selling. It is a great time if you are a buyer looking to enter the property market but this doesn’t mean that sellers are at a disadvantage. It’s important to understand how this sentiment shift can work to your advantage as a vendor.

 

It’s not all doom and gloom for vendors as we are seeing through our Vendor Advocacy service – there are properties still fetching fantastic prices just by following some great tips to show off their home in the best light.

 

Do your research when selecting your agent

It is so important that you have the right fit when it comes to your selling agent. We recommend that you start your search with agents who specialise in your suburb as they will have a few advantages such as knowing the recent sales, upcoming sales and how the market is performing in your local area in detail. They will also have a higher chance of having a database of potential purchasers who may have missed out on a similar property or have been searching for their ideal property for some time. It’s really important you find the right agent for you and your property.

Do you research on their recent sales to get an understanding of the types of properties they have sold and ask them about their approach to the current market conditions in relation to your property? It’s important that you also have a grasp on who your buyer demographic is and how this will reflect in the type of marketing you choose to enlist.

 

Do your research

Buying or selling property is a huge undertaking as there is a lot of money involved. It’s important to have an understanding of the property market with comparable sales in the area to really gauge where your property might sit as a price guide.

You can find this information on the internet or by visiting local auctions and reviewing weekend sales results to gain an in depth understanding about how the properties in your area are performing. Having the right information by doing your research will really manage your expectations regarding the performance and time it takes to sell your home.

 

Still confused or just don’t have the time to find the right agent? Speak to one of our experienced Vendor Advocates who are able to do all the research and recommend agents in your local area to do the best job for you. Contact us by emailing us for more information on  buyer@advantageproperty.com.au.