Spring will be fast and furious
We are finding that the sentiment to buy and sell property at present is very high for a number of reasons due to Covid-19. - People have not been able to travel, and don't see themselves in the foreseeable future travelling. This has sparked an appetite for downsizers to bring their plans forward because they have the time and spare cash to do so
- Sellers who are doing it tough financially are having to sell and downgrade to a more affordable property, which is allowing them to take out some cash, pay off some debt, and lower their mortgage.
- Some people have been told that they will be working from home part time now, so therefore their living arrangements have changed, and they need extra rooms for home offices.
- In general people have realised that they are going to spend more time at home and want different things now re living. They have also had more time to talk about doing the move, and have also had lots of time to prepare their properties for sale
Looks like we are not going to get a huge rush of properties coming on the market this spring, therefore it's going to keep the prices up.
PK's Property Market Predictions
I am tipping as soon as a vaccine is announced and Covid 19 is under control that the property market will really start to gain some momentum again.
If this all starts to settle down, the 2021 property market could be the year of all years.
PK's Hot Property Tips
This spring, don't wait around too much thinking your dream home will be waiting around the corner, because before you know it Christmas will be here, and you won't be able to house hunt again until mid-February.
To check out more of our market updates, hot investment tips and negotiating tricks, click here for our home buyer advice articles or call one of our Buyer's Agents today on (+61) 9960 1066, or email us so we can help you find the right property at the lowest possible price.
Also don't forget to check out our 300 plus testimonials and recent client savings from the past 22 years.
Call me today for a confidential chat in regards to helping you purchase your next home or investment property. Peter Kelaher 0419 200 018
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