Thursday, October 13, 2016

We are experiencing a strong seller’s market this spring!

This weekend marks the middle of spring already, and the marketplace couldn't be in a better position for people wanting to sell their home! The overwhelming feedback that we are hearing from buyers this week is that they are frustrated with not only the lack of stock on the market, but also the fact that they keep missing out on the properties they love. Buyers are hoping that with the long weekend and AFL and NRL Grand Finals now behind us, new properties will flood onto 
the market over the next few weeks resulting in 
a later spring rush than usual. 

The effects of lower stock levels over the last few months combined with the attraction of our Adelaide market from the eastern states, and on top of that the lowest interest rates we have ever seen, means we are experiencing a significant build-up of people wanting to purchase Adelaide property... that's even before the mass of spring buyers came into the mix.

For Team Toop, the realities of our market conditions really hit home this week. A member of our team shared a story about their client who came into our office to sign the contracts on their new home. As a new family with a young baby, they were overjoyed about finally purchasing their dream home. They explained that this was an extra special moment and a long time in the making as they originally started the search for their family home when they found out they were expecting. So for our Sales Partner to see their child, now six months old, was quite a surreal experience and really proved how long it is taking buyers to secure a property in the current marketplace. 

With 10 weekends until Christmas, buyers desperately want to secure a home before 
this mental deadline. As an agent, this is such 
a powerful window of opportunity to harness for sellers, and with the right sale strategies 
and marketing tools, incredible results can 
be achieved.

Our Team is experiencing the current strong seller's market first-hand, with every single one
of our auctions scheduled last Saturday selling prior, all with exceptional results! Over the last week alone, we have sold 24 properties including three sales to registered ToopVault members before the properties were even released to the public.

Our team is encouraging anyone who is considering selling their property to make 
the most of this opportunity and Adelaide's 
hot buyers. We have been discussing with clients who were planning to sell in the new year, to perhaps re-visit this thinking in order 
to take advantage of the current conditions 
and make the most of this 10-week window.

If you would like to find out more about how you could leverage this marketplace momentum, or to find out what one of our agents will be able to achieve for your property in this current market, please feel free to give either myself or one of our team a call this weekend. We would love to help you! 

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