Many of us tend to procrastinate about making the move to downsize, but if you are over 55, now there is an additional reason to act.
Part of our service is to help people move house as seamlessly as possible by removing the many barriers to downsizing.
My Grandpa used to claim he could teach a parrot economics - it just has to learn 'supply and demand' he would say.
That can also apply to property values - greater demand leads to higher prices and excess supply means lower prices.
Our ‘rule of thumb’ is that for every dollar spent on presenting a property for sale, three dollars should be added to the property value. But what does that mean and why ‘3-times’?
Rob spoke with Greg Bowring, Sales Manager & Auctioneer at Woodards Real Estate for his advice to vendors in a falling property market. The property market is now a buyers market, with purchasers wary of overpaying for property, with many holding back to see how far prices will fall in the post-covid fomo madness.
What should a vendor do to ensure they achieve the best sale price for their property and are not left to chase the market down?
Whether you are selling your own home, a parent’s property or as the executor of an estate, the issues you face are similar.
Let Tower Property Advisory guide you through your property sale with compassion and professionalism. Contact us today for a free, no-obligation consultation to discuss how we can assist you in achieving the best possible outcome during your transition.
