Frank Valentic, from Advantage Property Consulting, sets us straight on how to know when we are in a buyer's market and a seller's market.
1. How do we know it’s a seller’s market?
2. How do we know when it’s a buyer’s market?
3. Is there a middle ground where both buyers and sellers can take advantage of the marketplace?
4. Are there different markets happening in different suburbs, or styles of properties going on at the same time? Like apartments might be slow to sell, but family homes are having run away auctions?
5. What are the best ways buyers and sellers can take advantage of the market that’s in their favour?
6. Cindy from Richmond has found a gorgeous 2 bedroom apartment that she just has to have. But every time she’s inspected it (and yes, she’s been to every single open for inspection), she’s seen at least 2 or 3 people looking at the contracts that have been displayed on the kitchen bench. She’s worried she’s going to have too much competition, but she loves the apartment so much, she’ll do anything to get it. What’s your advice on buying it at auction versus putting an offer in prior?
7. If you need to sell in a buyer’s market, what would be your recommended method of sale?
8. Sometimes you hear people say ‘the market is going to be better next year, or i’d better sell now as it’s going to do a turn next year…’ what is your advice on people trying to time the market?
9. How do you assess if the market has peaked or bottomed out?
Offer: Frank will offer a 10% discount off his buying advocacy, vendor advocacy or property management fees, to one lucky listener who likes, shares and comments on our Facebook or Instagram link.
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Episode 50: The Year That Was 2020!
Episode 49: Ross MacKinnon - Building a Sustainable Home
Episode 48: Sophie Lyon - How To Appeal to A Landlord When You Really Want that Lease?
Episode 47: Kiani Mills - Buying Property Interstate - Knowing the Different Conveyancing Needs
Episode 46: David Johnston - The Pros and Cons of Buying Off the Plan for First Home Buyers
Episode 45: Howe Tran - Choosing the Right Removalist for the Job
Episode 44: Chris Walsh - What's a Section 27 and How To Make the Most of It
Episode 43: David Johnston - Understanding The First Home Buyer Process
Episode 42 - Nicole Jacobs and Barry Sloan - The Best Tactics for Bidding at Auction
Episode 41: Will Walton - Creating a New Lifestyle in Regional Victoria
Episode 40: Adam Docking - Auction vs Private Sale vs Expressions of Interest
Episode 39: Dean Shipley - Buying in Regional Victoria
Episode 38: Francis Morello - Auction Day: What To Expect
Episode 37: Tania Bell - Knowing Your Benchtops
Episode 36: Geoff Gartly - Helpful Tips on Negative Gearing
Episode 35: James Green & Duncan Tonkin - The Changing Mortgage Industry
Episode 34: Agent X - Choosing The Right Agent Part 2
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