Your Spring market has a deadline
Now that the AFL season has been run and won, and everyone except Richmond supporters have begun looking to the future, we are entering a very important time for local property owners. As we have pointed out in a full page Update in the local paper that is due out this week, many locals probably feel like Spring has just begun… after all, it was only a few weeks ago that we were still complaining about the Winter chills, right?
However, if you’re planning on making a move in 2019, the reality is quite different. One look at the calendar will tell you that there are now just 9 weekends left in Spring…and that’s not a lot of time, particularly if you have a few little jobs to complete before you hit the market!
The good news is that the property market now has a distraction-free run through to the end of the year, (apart from a horse race or two of course). That means you can expect plenty of activity from home buyers, particularly as:
- 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.
- Interest rates are at record lows and many economists are talking about the potential for even more cuts (maybe even as soon as this Tuesday), making this a great time to take out a new home loan.
- There is lots 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, last weekend our offices in the West SOLD 14 OUT OF 14 AUCTIONS, with several selling for more than 10% above the ecstatic vendors’ reserves.
- Last but not least, 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.
Now is a good time to ask yourself, “What’s our plan for the next 12 months?” If your plans include moving to your next home, there is only a short time left to prepare your property for the market before time starts to get tight.
So if you need any help, whether that means getting the right trades and services in to assist you, or simply fine tuning your planning to get your timing absolutely right, then don’t hesitate to contact our team at Barry Plant Taylors Lakes on 9390 8333. We are always happy to help.
Best wishes,
James Hatzimoisis & John Aaron Nakic
Directors – Barry Plant Real Estate
Taylors Lakes, St Albans & Caroline Springs