What are the Biggest Mistakes Home Buyers Make? Which Can Cost Thousands of Dollars… and Can Be Easily Avoided…
We’ve got sellers asking us if there’s any slow down on the horizon of activity…because there’s talk about rising interest rates and of course we’ve got the conflict going on in the Ukraine….and I have to say hand on heart is absolutely no indication of anything slowing down. If anything, we’re seeing a ramp up in activity.
So we’ve got buyers coming in from the UK, South Africa, and other countries, they’ve sold their homes already. They’re ready to make a quick decision and they’re not wanting to mess around or waste time. They’re making very strong offers at the moment. And they’re also seeing Western Australia as a safe Haven because we’ve dealt with the COVID-19 pandemic so well.
Also, you might not see a lot of for sale boards around and be under the impression that the sales activity has declined. You couldn’t be further away from the truth… we’re actually seeing sales figures up about 40% year on year. We’ve got very low levels of stock. So we’ve got high buyer activity, low levels of stock, and it’s kind of coming together to the perfect confluence for amazing prices. So a lot of homes are selling at 20, 30, 40 grand over asking price…. And we’ve even got guys from over East that are putting in offers completely sight unseen.
So along with the decline in available homes for sale, we’re also seeing an increase in the number of offers. So where let’s say a year ago, we’d probably get one, maybe two offers if we were lucky on our home… whereas it’s not uncommon now to have 2, 3, 4, 5 offers even before the first home open. So you’ve got an increase in buyer activity automatically you’re going to get a better price.
If you’ve been wondering where your property is sitting in terms of price, or perhaps curious about getting a bit of an update on where the market’s at please reach out to us – we’d love to help!