CoreLogic's head of research, Eliza Owen, has published a new report looking at Australia's regional property markets, which are currently experiencing booming conditions. The report shows that the Illawarra is out-performing capital cities and other regional area's on a 10 year annualised growth rate in NSW.
Putting a value on your property can sometimes be difficult when emotions and past expenditure come into play. This is why a professional agent’s opinion is so important.
Springtime is flagged as the prime real estate selling season, but opportunities exist in all markets provided your agent knows how to position your property effectively. Other factors such as economic and market conditions as well as your own personal situation will also always play an important role in timing your sale.
Auctions are popular in the market at the moment and we suggest you familiarise yourself with the auction process. A standard residential property transaction is known as a Private Treaty sale. This is when you set the price you’d like your house to sell for, and your real estate agent negotiates individually with prospective buyers to achieve a sale as close to this price as possible.
Setting the right sale price for your property is imperative. A new listing will generate interest from agents and potential buyers. After they have viewed the property, interest will decline which makes it crucial to list your property at the right price when if first goes on the market.
With hundreds of properties listed on the market, how do you make your listing stand out in the crowd and grab the attention of every possible buyer.