How do you determine a property's value?
A huge part of our job as agents is assessing the current market value of a property, but how exactly do we go about it? And how does an appraisal differ from a valuation?
In this episode Lachy and Matt discuss the process involved in determining the price of a property, how to differentiate between a logical value and an emotional or market value, and why both of these can differ significantly from the online property price estimates available through your bank and the major real estate websites.
Selling in an Oversupply Market
With auction clearance rates stabilising in the 50-60% range the past week, not every property that comes to market is going to sell straight away.
Buyer demand remains healthy, and quality properties are still attracting good demand, but as we head towards the traditional Spring selling season its likely there will be higher volumes of listings available than we've seen in a number of years.
So as a seller, how do you navigate an environment where there's multiple competing homes, where buyers have more choice, and where a select few properties are attracting 90% of the buyers? Well in this episode Lachy and Matt cover it all and more to help you sell in a market with more supply.
Making Sense of a Transitioning Market
The property landscape is changing, and it's changing fast. If you're feeling a little overwhelmed trying to make sense of all the media surrounding it we don't blame you, it's hard to find a consistent message around where things are heading and what you should be doing. In this episode, we share what we're seeing on a daily basis and draw on our industry-wide experience to help you navigate the transitioning market and further your real estate aspirations while others struggle with indecision.
Last year's frantic market and endless lockdowns made it hard for us all to link up at Realhub HQ and record new episodes, but last week we've been back in the studio to help you make sense of a transitioning market. Here's a little update of how last year finished up as well as a sneak peek of what to expect over the next few weeks as we talk buying and selling in this changing landscape. And as always, a massive thanks to Francois Greeff and the epic team at Content House for their support producing the show.
Matthew Farrugia LJ Hooker Terrigal Lachlan Macdonald
Lachy and Matt draw on years of real estate experience to offer impartial advice on everything prope
