Short Window of opportunity opens for smart buyers
December 9th, 2014 by Geoff Baldwin
There is no argument that the market has slowed as we approach the festive season however this period presents a short but attractive opportunity for property buyers to negotiate harder and save thousands according to CPREA (Certified Practicing Real Estate Agents) Chairman, Geoff Baldwin.
“Historically our real estate markets slow down from early November through mid to late January with the result that keen sellers become considerably more negotiable to the benefit of those few savvy buyers who are active during this period”, Mr Baldwin said.
“We also see listing stock increase due to buyer inactivity creating a wider choice of properties for those buyers who remain in the market.
“While sellers who are not under pressure for a result will wait out this short term slowdown it is also not unusual to see others who are keen for a result, to drop their price expectations at this time of year.
“Sellers who are upgrading understand that they may accept less on their current property but they will also benefit when negotiating their next home.
“Experienced investors know that the Christmas, New Year period is a great time to buy and hence we are currently seeing a significant increase in activity from our established investor base.
“Each year around the third week in January we see buyers re-enter the market in force and it is predicted that this coming January will be no exception so those who are keen to take advantage of the lull should be taking action now”, he said.