Be successful in this season
Shake off those winter blues and jump into a reinvigorated property market this spring!
With the property market likely to heat up over the coming weeks, it pays to enter it with a solid understanding of what awaits.
Here are few tips and tricks to help you capitalise on this spring’s selling season.
Variety is the spice of life
As the weather warms up, the idea of hopping out of bed a little earlier on a Saturday morning to attend an open house feels a little less frightening.
As a result, more vendors list their homes in spring than at any other time of year.
This is great news for home buyers since the greater range of property not only increases the odds of your securing a home but also improves the chances of finding a home that better suits your strategy and goals.
Clear thinking
One of the most important things for all home buyers is to keep their eyes open and their mind clear when preparing to purchase.
This point is particularly important during spring as most vendors would have spent the colder months tidying their homes and gardens in a bid to lure more home buyers in the warmer months.
Try to avoid getting caught up in the more cosmetic appeal of the property – aspects such as blooming gardens or greener lawns – at the expense of more important issues such as whether the roof is in need of serious repair or is the property close to schools, shops and transport.
Know what you want
The most important part of buying property is to know exactly what you want, from the type, size and location of the property, all the way up to how much you are prepared to pay.
Having a clearly defined strategy built on solid research is a home buyer’s best asset.
That strategy is also crucial when there are larger numbers of stock on the market since you need to be able to make a decision based on your needs and goals.
With your strategy front of mind, you will be able to sift through the various properties and make the best possible purchase.
To ensure you also get the best price in your next property purchase, bear in mind the following:
- Be on the lookout for potential problems in the house or unit. Any defect, large or small, can give you major leverage when the time comes to discuss price.
- Don’t get caught up in the sales game. Expect to hear that there are several buyers looking at the property.
- Pre-approved finance is a major draw card for vendors. It not only shows that you are serious about purchasing a home but that you can secure finance fast.
- Leave yourself some space to negotiate on price. While you don’t want to throw a ludicrous offer at the vendor, be sure to shoot low on your first offer.
- Understand the vendor’s motivation for selling. If the vendor is looking for a quick sale, leverage off this during price negotiations.
