Banks are lending money for purchasing property, even more exciting, they are competing for a reduced pool of buyers.That would be a mistake, I believe. However, good the reasons for delaying your decision to buy or sell may seem, the truth is that the current market offers value for both sellers and buyers – if they know where to look.
It’s a great time to be negotiating a favourable repayment rate on your home loan. For buyers, this is a great time to buy a first house or to get more value for their property buck. As important is the fact that, in all but a few areas, property prices have been steadily declining for a number of years.With this in mind, it’s no surprise that we’re seeing lots of buying and selling activity in the mid-market range in most segments. In short, it’s very much a buyer’s market.
On the flipside, of course, sellers are under pressure in such a market, but they’re not necessarily as disadvantaged as it might appear.