Selling In The Current Property Market

You’ve likely seen the crazy headlines - “Queensland Property Boom”, “Weekend Auctions break all Records”, “Property - Too Hot to Handle”.?It is true.?Covid19, lockdowns, incredibly low interest rates and a surge of people moving from the southern states to Brisbane/ Queensland have created the perfect property storm. ?Now, Brisbane has won GOLD -?the Olympics are coming to our little town! This is nothing but a boon for property prices.

Houses are selling - very quickly.?There has been almost unprecedented rises in the property prices over the past few months.?For sellers and investors, ?this is excellent news!

It’s really important to note that stock right now is still low, so if you have property you want to move - now is definitely the right time.?Less stock = more buyers.?Buyer demand is very high and economists say it’s showing no signs of dwindling just yet.?This is really positive.

We are currently heading out of winter, so it’s also incentive to sell before the spring rush.?As spring is traditionally the prime selling season, it’s a great idea to get in ahead of the other sellers and name your price now before the market fills with stock.

Ensure your house is prepared for sale.?Tidy up the gardens yard, attend to any repairs, declutter and make sure your house is putting its best face forward.?The weather is beautiful and all homes look great under a crisp, blue sky.

Select a really good Real Estate Agent. ?I’ve discussed choosing agents in previous articles, but this is a really important relationship, so you want someone who is going to have your best interests at heart, that you can trust and will see you through the entire process.?Selling your home is a really big transaction that is not only financial, but very emotional.

Understand the marketing of your property.?Ideally your agent will not rely solely on the usual suspects.?There are a lot of buyers out there, but you can also save a lot of money through a sale with a proactive agent that utilises a wide range of strategies and that is consistently working outside the market.?You’d be surprised how many properties can be sold right now, “off-market” in a short period of time and saving the costs of marketing campaigns and/or auctions.?This is not always the case, but the current market is prime for this style of selling.??

Know where you to want to move after the sale and make the appropriate arrangements.?Selling is easy - procuring rentals and new properties… not so much.?Plan early, arrange finance and accommodation or start putting the feelers out for your new home as you start the sale process. ?

It might be time to start thinking about whether you would like to take advantage of this excellent selling environment. ?

If you are considering selling your property, or just have some questions I’d love to chat.

Ryan Barabas of Elever Property Group is a leading professional in the Brisbane Property Market.?For assistance with any matters regarding your property, do not hesitate to contact Ryan on 0439 715 742.