THE MARKET

I originally set up this blog many years ago so that buyers could tap into it and get the down to earth version of what's happening in the market.  They were so confused by what agents, newspapers, friends, procrastinators were all saying it was making them so nervous that they were ending up doing nothing.  Same thing is happening again.

Again I will reiterate to those buyers out there DO NOT LISTEN TO PEOPLE WHO DONT HAVE REAL ESTATE !!  The people that have the most to say are the fence sitters themselves always missing out on that great opportunity - ask yourself WHY !!  because they actually cannot make a decision and they fear the next step.

I understand that buying your first home or an investment is a huge step but you have to define what you are in fact looking for, keep within your budget although agents try and push you above it, stick to it.  No property is going to be EXACTLY the right one even if you build one they are never EXACTLY what you want.

Align yourself with an agent you feel comfortable with, tell them your exact budget minus probably $10k to $20k for stamp duties, settlement fee's (depending on the purchase price) and be shown those that are obtainable.  Where the problem lies is agents or yourself are going to homes that are $100k over your budget, then when you come down to your exact price range you cannot accept what is being offered up to you.  People have to start somewhere and it's about getting you into the market. 

You may not stay at the purchased property for more than a year, you can rent it out and go rent where you want to live, but seriously you need to put yourself into top gear and get moving as with the interest rates being so low and an abundance of property on the market the ball is currently in your court.  If you keep listening to those negative procrastinators you will be continually missing the boat.

What I can tell you is THE MARKET IS THE MARKET if you are the flipper then this market would not work for you, but if you are the person that is upgrading and has had their home for the last 15 years definitely working for you, yes you wont sell your house for that 2007 boom price but you have still made good money and the one you will be buying is also down so win win.  If you are entering the market for the first time you are not feeling stressed right now as you are generally not competing with anyone, if you are the investor yes the rents have gone down but it's really to what they should be so get in there and pick yourself up a really good buy.

All in all we have come back to a "normal" selling market where homes will sit on the market for 3 plus months unless its a set date sale, auction or a time frame marketing programme buyers are simply taking their time (now wether they are taking too much time to decide is another thing)....

MAKE YOUR OWN DECISIONS AND GIVE IT A REAL GO !!