8 Reasons To Get Ready To Sell Your Port Macquarie Property Now
For most of us still spending time at home either social distancing or working remotely, there’s never been a better opportunity to get down to the hardware store and pick up a few essentials to paint the spare room or fix some of those annoying problems around the house. If you want to hit the market when the buyers are primed, there’s plenty you can do to start preparing your home for sale now.
While it’s true that the number of homes for sale in Port Macquarie is significantly down due to many homeowners taking a wait-and-see approach to Covid-19, this has created scarcity in the market, so thankfully, at the time of writing this, we’re not seeing the price freefall that some analysts had predicted. For now that’s good news for sellers, as this means there are fewer properties from which a buyer can choose.
There are many different reasons why you might be looking to sell now. And although it is a huge decision in the current climate, we’d suggest if your home is well prepared and you’re ready to go, don’t try to pick the timing of the market. Instead, consider these eight common-sense reasons to act now:
- The lockdown is temporary, and restrictions in NSW have already been eased to allow the recommencement of Open Homes and on-site auctions, following stringent guidelines.
- Robust Government stimulus packages have provided somewhat of a safety net, instilling confidence back into the property market
- The low-volume of listings is likely to continue in the short term, which will help to maintain sale prices
- At present, we’re seeing few signs of panic selling in Port Macquarie. Those vendors choosing to stay on the market are remaining optimistic with their asking prices, and good results are still being achieved
- While there may be less buyers in the market at the moment, the ones that are currently out there looking are genuine. Buyers are also incentivised by the all-time historic low interest rates currently close to zero
- It’s important to remember that the wheels of the property market never stop turning. There are still buyers in the market; particularly first home buyers and investors, and with the easing of restrictions, we expect buyer numbers to continue to rise over the coming weeks
- There may be a higher than normal influx of property coming onto the market in spring, if those currently waiting it out decide to list as we return to the new normal. This could lead to an oversupply that doesn’t favour sellers
- Port Macquarie remains one of the most in-demand locations for both locals and out-of-town buyers. In fact, Domain recently reported Port Macquarie as the most browsed location outside of metro NSW
Ultimately, the decision to sell your house now or wait to see how the coronavirus situation continues to unfold, will depend heavily on your own personal circumstances.
Either way, it’s more important than ever to find an experienced real estate agent with the best strategies and technologies in place to help you get the best possible price. If you’re unsure where to start, we can help.