Sell home now to beat rush

WITH only one month left before winter, Real Estate Institute of Australia (REIA) is urging homeowners who had been thinking about selling their house prior to Covid or waiting until Spring, to put those plans into action now.

REIA President Adrian Kelly said the pandemic had created a lot of uncertainty, but we have definitely come out on the other side with market conditions continuing to improve and the Australian economy bouncing back strongly.
Canterbury Bankstown real estate agents agree.
Alliance Real Estate Principal Theo Kalinderidis said they had achieved not only some terrific results for clients but also a few street records in the last three months.
“Local property market prices, as expected, have continued to go from strength to strength,” he said.
“The main reason for this is due to a chronic shortage of properties listed earlier in the year, resulting in stronger competition for each property.
“Owners that have been putting off placing their homes on the market should seriously consider whether they are ready to make a move.
“Don’t miss out on the opportunity that is out there now.”
Ray White Bankstown Principal Tony Roumanous agrees.
“Buyer traffic numbers have certainly increased and many vendors are already taking advantage of this,” he said.
“We’ve listed 104 properties in the last 60 days and only have about 30 left. On March 20, which was an incredibly wet and stormy day, we had 127 registered bidders for eight properties which all sold on the day.
“We’ve never seen anything like this and I’ve always said winter is the best time to sell because there is less stock.
“Don’t wait for Spring, sell now.”
Chambers Fleming Professionals Padstow Director Todd Owsnett says the reason why prices have jumped is the lack of supply.
“We expect that to level out as more homes come onto the market but it’s best to beat the rush and get in early,” he said.