The biggest race isn't always on Tuesday
Many residents of the Preston area, along with the rest of Melbourne, will no doubt be keeping one eye on all the ‘goings-on’ at Flemington this week.
However, the next week or two will also be a crucial period for anyone who still has ambitions to achieve a successful sale on their property in 2017.
So, with racing on so many people’s minds right now, the important thing to do if you are still weighing up whether to sell this year is to do much the same as the astute judges at the races are doing right now, i.e.:
- Study the form, and
- Check the track conditions
before you decide whether or not to make your run.
If you look at the form of the property market right now, you’ll find that…
- First and foremost, there are STILL far more buyers than there are homes available;
- This means that buyers are competing strongly, and pushing prices upward in the process;
- Our team in Preston has achieved several 100% Auction success rates during this Spring;
- Some vendors are exceeding their reserve prices by as much as 10-20% (or more); and
- There is no sign of a slow-down in the local market yet!
Clearly, the good news is that there is still time to run your race and emerge a winner, if you have the right strategy.
The key to stacking the odds in your favour to achieve a result that puts you in front of the field is to ensure that you go in with a clear strategy on how to cover the entire field of buyers, and to do it in the shortest time possible.
Remember, there are now just 6 WEEKENDS LEFT before the market starts to wind down for the holiday period, so if you are going to make your run, you need to start NOW! If you’d like a confidential chat about your options, call on us.
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