{"id":3542,"date":"2015-02-25T01:00:43","date_gmt":"2015-02-24T14:00:43","guid":{"rendered":"http:\/\/realestatetalk.com.au\/?p=3542"},"modified":"2015-02-25T01:00:43","modified_gmt":"2015-02-24T14:00:43","slug":"a-phenomenal-time-to-sell-property-john-mcgrath","status":"publish","type":"post","link":"https:\/\/channels.realty.com.au\/realtytalk\/a-phenomenal-time-to-sell-property-john-mcgrath\/","title":{"rendered":"A phenomenal time to sell property | John McGrath"},"content":{"rendered":"

In his recent column in\u00a0Switzer<\/a>, John McGrath\u00a0explains why it is a fantastic time to think about selling your property.<\/p>\n

Here\u2019s what he said:<\/h4>\n

We\u2019ve had two exceptional years of capital growth in Sydney and 2015 is off to a cracking start with clearance rates returning to above 80% over the first three auction weekends of this year.\u00a0<\/span>
\n\"\"
\nYou\u2019d think in this climate that home owners who have been thinking of selling would feel pretty confident about listing right now, but strangely enough, listings are down.
\nThe latest figures I\u2019ve seen from realestate.com.au show listings are down by 10% on the same time last year.
\nWhy is this happening?
\nMy guess is a lot of people are worried about selling and not being able to get back into the market because it\u2019s been rising at a 45-degree trajectory.
\nIt\u2019s understandable that sellers are worried about being caught without a home.
\nIf the market goes up another 5-10% while they\u2019re looking, it\u2019s going to cost them money.<\/p>\n

Low stock \u2013 what it means for sellers<\/h4>\n

\"Property-Game\"It means a phenomenal time to sell!\u00a0\u00a0Right now in Sydney, sellers can take advantage, not only of today\u2019s continually strong market momentum, but also the lack of competing homes to sell for a truly premium price.
\nLack of competition is a benefit that sellers rarely take into account and it can really have a positive impact on your sale price.
\nPeople who are selling in Sydney to move to flatter markets are in the best position right now.
\nAfter a big run of capital growth, we often see young families and downsizers selling to realise those gains and make the seachange to more affordable coastal communities at the same time.
\nThey get the best of both worlds \u2013 an amazing sale price and a much more affordable new home.
\nSouth-East Queensland is a popular destination for Sydney seachangers and we\u2019re seeing a bit of this now, with a lot more to follow in coming years.<\/p>\n

Low stock \u2013 what it means for buyers<\/h4>\n

The short answer here is less choice, particularly after you\u2019ve weeded out the poorer quality properties.
\nDon\u2019t settle for an inferior property in an inferior location because you\u2019re frustrated.\"hotspot\"
\nThere\u2019s actually a lot you can do to put yourself ahead of other buyers.
\nFirst and foremost, you need to accept that it\u2019s a hot market and you\u2019re probably going to have to pay a premium.
\nIf you\u2019re buying for the long term, this isn\u2019t such a big deal because in 10 years\u2019 time, your property will have appreciated significantly if you buy a good quality home in a good quality location.
\nSecondly, you need some strategy!<\/p>\n

Here are some tips:<\/h4>\n
    \n
  • See new listings first.\u00a0<\/strong>Register your details on agency databases \u2013 do a ring around. Registering for email alerts on the major portals isn\u2019t enough.\u00a0Agencies often email their database clients before putting new listings online and many also hold database-only inspections before going to market. This is a very important advantage for you, as you\u2019ll have first opportunity to buy.<\/li>\n
  • Make offers prior to auction.<\/strong>\u00a0Ask the agent if they\u2019re open to offers.<\/li>\n
  • Show you\u2019re serious.<\/strong>\u00a0When making an offer, sign the contract and attach a cheque for the deposit.\u00a0This makes your offer a lot more seductive to the vendor. Alternatively, put your offer in writing and mention you have your finance approved.<\/li>\n<\/ul>\n

    When will we see more stock?
    \nI think if there\u2019s a more modest growth pattern going forward, this will entice more people back onto the market. For now, it\u2019s a bit of a waiting game.
    \n <\/p>\n","protected":false},"excerpt":{"rendered":"

    In his recent column in\u00a0Switzer, John McGrath\u00a0explains why it is a fantastic time to think about selling your property. Here\u2019s what he said: We\u2019ve had two exceptional years of capital growth in Sydney and 2015 is off to a cracking start with clearance rates returning…<\/p>\n","protected":false},"author":176692471,"featured_media":2523,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13],"tags":[],"class_list":["post-3542","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-story"],"yoast_head":"\nA phenomenal time to sell property | John McGrath - Realty Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/channels.realty.com.au\/realtytalk\/a-phenomenal-time-to-sell-property-john-mcgrath\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A phenomenal time to sell property | John McGrath - Realty Talk\" \/>\n<meta property=\"og:description\" content=\"In his recent column in\u00a0Switzer, John McGrath\u00a0explains why it is a fantastic time to think about selling your property. 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