Don’t leave your Spring run too late
There’s no doubt that the Spring of 2019 is a time for celebration for many people, whether you’re a property seller in Melbourne’s inner-north or a Richmond supporter revelling in a year to remember. Our congratulations if you’re one of the latter!
Having said that, however, it is important to remind everyone that nothing lasts forever, and that is particularly relevant if you are considering making a move in the property market in 2019. As strange as it may sound, (particularly when it feels like it was only a few weeks ago that we were complaining about the chilly Winter mornings), but one glance at your calendar right now will confirm that there are now just nine weeks left in Spring…and nine weeks is not a long period of time, is it!
On a positive note, it seems that the property market in the inner-north is now set for a relatively distraction-free run through to the end of the year, (if you ignore the odd horse race of course). Furthermore, the property market is showing genuine confidence in all areas and price ranges, with our team at Barry Plant Preston and Thornbury achieving some outstanding recent results for our vendors. Last week’s sale of the stunning contemporary home in Mansfield Street, Thornbury (pictured) was a prime example of this.
There are several reasons why you should be feeling positive if you are considering a sale right now. They include:
- Interest rates are at record lows and many economists are predicting they will go lower…perhaps as early as this week…making this a great time to take out a new home loan.
- October and November are the ideal time for families to buy if you want to settle during school holidays – less disruption and an easier transfer between schools if required.
- There’s plenty of pent-up demand right now from frustrated buyers who have been missing out in highly competitive auctions and are keen to buy as soon as possible.
- In fact, our team has been able to achieve a 100% Auction success rate for our vendors on numerous weekends recently, with several properties selling well above the ecstatic vendors’ reserves.
- Finally, Daylight Savings starts next weekend. That means even more opportunities for buyers to go house hunting during the week, increasing your chances of a quick sale.
So if you need some experienced advice and assistance, whether that means getting the right trades or services to help you prepare your property, or simply putting the right plan in place to ensure your timing is absolutely right, then don’t hesitate to contact our team.
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