Post to SinFongChanRE.Wixsite.com on 5/4/2018 8:21 AM
Commenting on “Sydney, Melbourne property prices continue to slide”
https://www.theage.com.au/business/the-economy/sydney-melbourne-property-prices-continue-to-slide-20180403-p4z7i2.html
It takes a lot of guts for me to predict property falling prices months ago, and believe that the higher end market will continues to do so for a much longer period.
If you go shopping around and find that the asking prices remain very much the same, it is because many sellers are in the la-la land, and many real estate agents are not honest enough to advise the sellers that they have to face the music. It is not the asking price that counts, what you must understand is that the final transacted settlement really matters.
There are other reports showing house approvals have improved lately, that does not imply the prices are rosy. If you have been a good heckling shopper in flee markets, or some Asian shopping alleys, you may sharpen your bargaining skill and front up the real estate agents. They can only say no to your offer, but there is no harm in trying.
The asking price can go up, and go down, as long as the both parties do not come together and agree on it. The property is not sold if both signatures do not appeared on the dotted line in the sale contract.
I have also mentioned that April 2018 may see some signs of plateauing and even some upward movement. However, the rise is very small, and not to get too excited. The over $1.5 million properties which are not new will have difficulty in selling.
Many young people with the finance provided by their parents, who are so gung-ho in bidding way above the reserved prices few months ago, will find themselves in diabolical trouble. The purchase price affects many rates and charges, and insurance. If they cannot afford to keep up with all these expenses, they may have to offload the houses at much reduced prices.
Are you ready to shop now?
Thank you for reading.
Commenting on “Sydney, Melbourne property prices continue to slide”
https://www.theage.com.au/business/the-economy/sydney-melbourne-property-prices-continue-to-slide-20180403-p4z7i2.html
It takes a lot of guts for me to predict property falling prices months ago, and believe that the higher end market will continues to do so for a much longer period.
If you go shopping around and find that the asking prices remain very much the same, it is because many sellers are in the la-la land, and many real estate agents are not honest enough to advise the sellers that they have to face the music. It is not the asking price that counts, what you must understand is that the final transacted settlement really matters.
There are other reports showing house approvals have improved lately, that does not imply the prices are rosy. If you have been a good heckling shopper in flee markets, or some Asian shopping alleys, you may sharpen your bargaining skill and front up the real estate agents. They can only say no to your offer, but there is no harm in trying.
The asking price can go up, and go down, as long as the both parties do not come together and agree on it. The property is not sold if both signatures do not appeared on the dotted line in the sale contract.
I have also mentioned that April 2018 may see some signs of plateauing and even some upward movement. However, the rise is very small, and not to get too excited. The over $1.5 million properties which are not new will have difficulty in selling.
Many young people with the finance provided by their parents, who are so gung-ho in bidding way above the reserved prices few months ago, will find themselves in diabolical trouble. The purchase price affects many rates and charges, and insurance. If they cannot afford to keep up with all these expenses, they may have to offload the houses at much reduced prices.
Are you ready to shop now?
Thank you for reading.
