A REAL ESTATE MYTH

By August 17, 2017Latest

THAT COULD BE WORTH THOUSANDS TO YOU!

Anyone who knows anything about life will know that some common ‘beliefs’ are often the biggest fallacies. Everything from when doctors used to recommend smoking to “calm nerves” to the belief that “if it tastes good, it must be good.” Wrong, wrong.

The same thing applies in real estate with the widely held belief that “Spring is the best time to sell your home”.

Wrong again. It’s a real estate myth.

And here is why…

Sure, spring is the time when many people put their homes for sale. Those freezing Warrnambool days are over, the flowers and trees are starting to bloom and everything feels fresh and happy.

But guess what?

When lots of home-sellers do the same thing at the same time, it creates an abundance of supply. And, as any first year economist will tell you, the more that any commodity (homes) is available, the more it puts downward pressure on prices.

So, sure, when spring is in the air, our mood might be better but if we are selling our home, suddenly we find that we are in competition with perhaps hundreds of other home-sellers who are all offering their homes for sale at the same time.

It’s simple: The bigger the choice, the lower the price.

Right now, in the middle of winter, not many owners are putting their homes for sale. In our office, we currently have 23 times as many people enquiring about buying as there are people enquiring about selling!

Obviously, what this means is that, with so much competition for so few homes for sale, it is currently putting upward pressure on house prices, especially in some parts of Warrnambool and the surrounding district.

The lower the choice, the HIGHER the price!

 

So, yes, in the depths of winter we are selling many homes for what we can only describe as ‘eye-watering prices’.

We believe that what’s happening now in Warrnambool is stark proof that “the best time to sell is in spring-time” is a complete myth.

So, if you are thinking of selling soon – perhaps you are waiting for spring – it may well be possible for you to get A FAR HIGHER PRICE right now, in winter, rather than waiting a few more weeks for when “everyone else is selling”.

It’ll only take a few minutes for us to give you a FREE NO OBLIGATION PRICE QUOTE on your home.

If you’d like an estimate of what your home could sell for in this cold winter time when many of the selling prices are RED HOT, please call our office anytime on (03) 5561 2777.

In some cases, we may even be able to give you an idea of the current price of your home over the phone.

So, if you are considering selling, please let us know.

Thank you and very best wishes to you.

PS If you’d like a complimentary copy of a FREE REPORT by the real estate consumer advocate, Neil Jenman, called THE 8 VERY BEST WAYS TO GET THE VERY BEST PRICE FOR YOUR HOME, please call us on (03) 5561 2777 and we will mail or deliver it to you straight away.