They say spring is the perfect time for real estate. It’s hotter, the days are longer and you want to get outside more. Finally, the kid’s sports have finished and you get that feeling that summer is on the way.
Now when it comes to real estate, many people think selling in spring is the key.
The gardens are blooming and it’s just so lovely. The natural light fills the house your viewing and you imagine yourself fitting perfectly in every single room of the property. You now have additional hours in the day and you can easily fit in viewings of extra properties and then still go home to a few more hours of productive daylight. Springtime brings more opportunity to view additional properties after work. The more properties you then can review the better to give you an increased understanding of what type of property will best suit your needs.
And let’s not forget that buyers are on average happier and more willing to spend big on a property during spring. Now, why is that exactly? From a buyer’s point of view – there is more competition. By that we mean there is more competition in the form of more properties hitting the market for sale. But on the other hand, there will also be more competition in terms of other potential buyers as well.
This is where buyers need to be aware of their emotional impulses. Each open house viewing can greatly increase your sense of urgency and emotional attachment to a property. You walk in, you’re instantly in love, yet the couple across the hall inspecting this property are also having the exact same response. Cue instant urgency and fear you will miss out on securing this property. This strong emotional struggle continues especially if you find yourself at auction. You keep increasing your bid, which may cost thousands more than you had originally budgeted. You have secured your property but what about the extra thousands of dollars you have spent? This is commonly known as buyer’s remorse.
The Newcastle property market is pretty hot right now, and with extra competition coming in from ‘out of towners’ taking advantage of Newcastle’s more affordable prices and higher rental returns than other capital cities.
One sure way to make sure you don’t get caught up in the overwhelming attraction to purchase in spring is to hire an experienced and independent buyer’s agent. A buyer’s agent is a newer concept when it comes to real estate and they are there to support just YOU, the buyer. Put simply, buyer’s agents save you time and money searching for your property needs whether you are a first homebuyer, down-sizing, up-sizing or a property investor.
Just think about it, an independent professional hired to search and secure your ideal property. Someone who can view up to 30 properties a week, has a huge amount of local market knowledge, knows the flood zones, finds and recommends up and coming suburb ‘hot spots’, keeps their cool representing you at auctions and usually saves you from paying extra on an emotional impulse buy. Plus buyer’s agents also help organise the pest and building report, liaise with conveyancers, mortgage brokers or banks to make sure everything is in line ready for settlement.
Us buyer’s agents are here to provide you, the buyer, with a fair representation during the property transaction and settlement. We will help discover your essential criteria and then go out and find you the perfect property. We use our extremely sharp negotiation skills to secure that property at a fair price. You can sit comfortably all spring knowing you have the best team on hand and an advantage when it comes to viewing and purchasing property.
If you think you would benefit by having Newcastle’s premier Buyer’s Agents represent you during your property search this spring. Get in touch with us today via our contact form below.