This is one of the questions that are on all potential sellers' minds right now. Its a great question. I am going to start by saying for most salespeople its always a great time to sell your home. What I mean by that is that salespeople overstate the positives to strengthen their argument. At Piran Property Group we value sales but not at the expense of achieving outcomes for our customers. This means we want to see you succeed more than us. As a result, our approach is to provide the facts about the current market. They are as follows.
There was a strong demand for quality properties before COVID 19 shut down. Building and development activity was showing signs of improvement. The shut down caused many sellers to withdraw properties from the market due to the uncertainty and no home opens. The end of May has seen strong activity with plenty of people at home opens. Many proprieties have gone under offer or sold. The result of these two combined is fewer properties on the market.
The real question most people are wanting to know is will I get more for my home if I sell it now or later? Unfortunately, this requires speculating on what the property market is expected to do in the future. Events like COVID 19 and GFC will affect any market. Analysts predict a downward trend. Perth is better placed than most other Australian states with 5 years of negative growth the prices are not as inflated. Jobs and mining with population are stronger drivers in the Perth market than global economic trends. If there is one thing I have learned it's near impossible to pick the market.
As with most things removing the areas, we can not control will make decisions clearer. At Piran Property Group we focus on your individual needs and personal situation. Often looking at the net result of the move rather than the resale price shows a different perspective. Since your buying and selling in the same market, this could mean the cost is less to move. In addition to this, you also need to consider the personal costs associated with not moving. These can be anything from running out of space, being away from loved ones, time spent in the car driving to work.
At Piran Property Group we believe understanding customers is key. People's perception of the market is influenced by their situations. We promise you objective help and advice to help you make better decisions. This means taking the time to listen and understand and developing successful strategies to achieve customers' objectives. If it's not a great time for you it's not a great time but, for someone, it might be.
If your thinking of selling and want to find out more contact us today at www.piranpropertygroup.com
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