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Dec 9, 2022
Benefits of downsizing your home
Does your family home seem a lot larger? Have all your children flown the coop? Are you looking to downsize for retirement? Downsizing your home can sound stressful! Don’t let the thought intimidate you, as it can be a beneficial process. Taking the opportunity to downsize is often the beginning of a new chapter. While it is a fresh start, downsizing has many benefits, and can be a very positive experience. Deciding to make the move can be hard. However, when you take the leap, you can see how beneficial it is to pack up. Watch the video as Joanne Danckwardt of One Agency JD Property Agents talks more about what downsizing is and the benefits of it. [siteloft_youtube video_id="Us2FEBjDUy4" autoplay="1" suggestions="1"] If you're ready to discover the secrets to being ready to sell your home, download our free insider secrets to being ready to sell checklist. YES, DOWNLOAD MY CHECKLIST What is downsizing? Downsizing (or rightsizing your home) occurs when you move into a smaller home than what you currently live in. It is often a decision made by people whose children have left home, or people considering downsizing for retirement, or seniors needing to downsize who are struggling to deal with the upkeep and costs of their home. It can also simply be that some people are keen for a change, are looking to streamline their lift, want to move closer to friends or family, or just want to fresh start in life. Whilst many spend time trying to upsize throughout their home-buying journey, downsizing can offer so many benefits. Increase in cash flow It is likely that your current home will have increased in value. Buying a smaller and cheaper property will provide you with cash equity, giving you added money in the bank. Smaller properties are generally less expense in their upkeep in areas such as electricity and insurance, a saving on bills for your cash flow. Instead of putting all your hard-earned dollars to a mortgage and utilities bills, you can start to enjoy your money. Eliminate clutter Downsizing forces you to declutter. Moving to a smaller home will mean you will not able to accommodate everything you have in your bigger home. Possessions can be become baggage. Without a valid reason to declutter, your space can be quickly overtaken. Downsizing means you have to prioritise your possessions, allowing you to remove things from your life that no longer serve a purpose. More time Having a smaller home means you will spend less time on cleaning and mowing and maintaining gardens, meaning you have more time for you to spend on the things you enjoy. This gives you a new type of freedom to explore new hobbies such as golf, tennis, travel or read. Or it can allow you more free time to spend with family and friends, providing plenty of enjoyment. You can enjoy your home without being a slave to it! Lifestyle changes Downsizing will often trigger a lifestyle change. For example, instead of having to worry about gardens, if you have downsized to an apartment, leaving to travel becomes less of a hassle as the gardens are generally taken care of by strata. Downsizing to a retirement village opens up the possibilities of new friendships, activities and amenities. Downsizing your home can lead to a less stressful lifestyle. How we can help with your downsizing journey To enjoy the benefits of downsizing, you should consider whether a smaller home will serve you and complement your lifestyle. There is no benefit to downsizing to something smaller to save time and money if you are unhappy about losing a bedroom or living space. Once you have decided that a smaller home will suit your lifestyle and future goals, you can appreciate the benefits of downsizing, and enjoy a fresh start. Making the decision to move to something smaller can be made easy. At One Agency JD Property Agents, we are ready to help, so you can get the most out of downsizing. We offer experience and knowledge that will help you make the buying and selling process as seamless as possible. We will provide you with advice, guidance, and results. We can help build a plan with you to overcome any fear, talk with about if you should sell or buy first, achieve sales results for you, assist with finding your next property to buy, and provide you with a range of strategic tailored real estate advice. If you're ready to discover the secrets to being ready to sell your home, download our free insider secrets to being ready to sell checklist. YES, DOWNLOAD MY CHECKLIST If you feel you could benefit from our experience with buying and selling, we’d love to hear from you. Simply reach out. We hope that has helped you today. If you have any questions, or you know of anyone who may benefit from our real estate services, we’d love to chat. Our number is 0426 264 771. We look forward to talking to you soon. Considering how you can Right Size your Home and perhaps move into Aged Care? Register for this short course and learn how to best right size your home when moving into aged care. If you have any family or friends that might benefit from real estate guidance, please feel free to pass on my details or share this link. I’d love to be able to help.
Oct 9, 2022
Historical downturns in the property market - what can we learn
It is no secret that the present is a challenging time for the real estate market with six consecutive monthly rate increases this year, and the rate currently being at a 9 year high. History shows the real estate market ebbs and flows with booms and downturns. While now might be a tough time, it is not like we haven't lived it before. With talk of more interest rate increases, and quickly, to curb increasing inflation, the talk among experts has been of a steep and lasting decline in house prices. So, what can history teach us? Watch the video as Joanne Danckwardt of One Agency JD Property Agents talks about historical downturns in the Australian property market, and why housing downturns in Australia are not exactly new. [siteloft_youtube video_id="9luIoKgrPM8" autoplay="1" suggestions="1"] If you're ready to discover the secrets to being ready to sell your home, download our free insider secrets to being ready to sell checklist. YES, DOWNLOAD MY CHECKLIST As rates have risen, property price growth has slowed, with prices falling in some regions. Many buyers can no longer borrow the same amount as this time last year, and as rates continue to climb, borrowing capacities with be further impacted. Prospective buyers face higher borrowing costs, and also uncertainty of future repayment costs. All this is being reflected in the housing market, with demand declining as buyers try to wrap their heads around the fast increases. This, along with the constant negative news, has dulled buyer and seller confidence and we have moved into the next stage of the cycle – an adjustment cycle, after the extraordinary growth over the past two years – an amazing 34% increase cumulatively since the start of the pandemic in February 2020. What happened during previous property market downturns? Since 1990, there have been only five periods when year-ended property price growth has been negative. These declines have never been greater than 10% in year ended terms, with the following upturn being larger than the downturn. According to PropTrack’s Home Price Index, in recent history, Australia-wide downturns have lasted an average of between nine months and ten months. In 2008/2009, the Global Financial Crisis impacted the Australia real estate market with a decrease of approximately 8.5%, while in 2011, property prices dropped due to global economic uncertainty and concerns. In 2018/2019, Sydney property prices fell by 11.4% over 22 months. Interest rates were not rising, but this decrease was due to credit changes, when banking and borrowing measures were put in place. With unemployment currently being at its lowest since 1974, and stronger wages growth, this could offset the increasing interest rates. Consideration should be given as household budgets are put under pressure with the increasing cost of living, coupled with rising interest rates. Household spending stability, wage growth, inflation, and interest rates are all factors that have an impact on property prices, along with the speed and depth of price decreases. While property price cycles are nothing new, it is understandable why people feel nervous about the current price slowdown. Like many property owners, you may be wondering what is the right thing to do at this present time. Should you buy? Should you sell? Or should you wait? Can you really predict the market? At One Agency JD Property Agents, we can provide you with advice, guidance, and results. We can help build a plan with you to overcome any fear, achieve sales results for you, assist with finding your next property to buy, and provide you with a range of strategic tailored real estate advice, and our rental services can help you to maximise your property returns. If you're ready to discover the secrets to being ready to sell your home, download our free insider secrets to being ready to sell checklist. YES, DOWNLOAD MY CHECKLIST If you feel you could benefit from our experience with buying and selling, we’d love to hear from you. Simply reach out. We hope that has helped you today. If you have any questions, or you know of anyone who may benefit from our real estate services, we’d love to chat. Our number is 0426 264 771. We look forward to talking to you soon.
Jul 15, 2022
Why selling your home in Spring starts in Winter
When it comes to selling your home, the conventional wisdom is that spring is an ideal time. The extra sunshine can make homes look brighter and gardens more blooming, and the warmer weather is more conducive to bringing buyers out. Great presentation is crucial to the selling process. A well-presented home is more likely to sell in a shorter timeframe and for a better price. Buyers are inspired by beautiful presentation. It gives them confidence in the quality of your home and helps them fall in love with it. Preparing your property, and putting effort into its presentation, will allow for its greatest features to be highlighted, and any negatives minimised. It also let’s buyers know that you are serious about selling. Beautiful presentation also means attractive photos. This is crucial because buyers will decide whether to inspect your property based on how good your home looks in the advertising. Buyers tend to stay longer at opens if a property is meticulously presented. This point is important because in order for a buyer to truly engage with your property, they need time to imagine themselves living there. Selling your home or investment property in Spring doesn’t need to be stressful. With the right advice and good planning, you can take control of getting your house ‘sale ready’. But preparing your home for a spring sale, means starting in winter, so that you are ready for action in September. [siteloft_youtube video_id="JtIYt5tGG2E" autoplay="1" suggestions="1"] If you're ready to discover the secrets to being ready to sell your home, download our free insider secrets to being ready to sell checklist. YES, DOWNLOAD MY CHECKLIST You’ll be happy to know that it doesn’t need to cost a fortune or take loads of time to spruce up your home for sale. Read our top 22 tips to help you prepare your property for sale. Remove the clutter Patch and paint the walls Give the property a heavy-duty clean Steam clean or replace carpets Maintenance and repairs Don’t forget outside Neutral colour scheme Upgrade your door handles Make each room look its best Consistent colour scheme throughout Define each room Add some fresh flowers and plants Professionally stage your property Fresh, new, clean towels Neatly pile kid’s toys Keep your private’s private Keep your cupboards and drawers clean Crisp bedsheets Pre-Inspection cleaning Keep curtains and blinds open Make sure all of your lights work Make your home smell nice As you can see, there's quite a bit of work that's involved in getting a property ready for market, and it can take time to prepare your property. We have a list of service providers should you like to discuss any aspects of preparing your property for sale. If you're ready to discover the secrets to being ready to sell your home, download our free insider secrets to being ready to sell checklist. YES, DOWNLOAD MY CHECKLIST For a detailed and comprehensive list outlining what you should do in winter to be ready to sell in Spring, contact our office on 4285 7400 or jdpropertyadmin@oneagency.com.au. If you feel you could benefit from our experience with buying and selling, we’d love to hear from you. Simply reach out or request an appraisal. We hope that has helped you today. If you have any questions, we’d love to talk to you. Our number is 0426 264 771. We look forward to talking to you soon.
May 5, 2022
3 tips to help minimise fear when selling your home
If you are thinking of selling your home, it is a big decision. If you are feeling anxious or stressed about selling your home, you are not alone. The uncertainty about such a big decision can be overwhelming, considering we only ever sell a property once every 10 to 15 years, and it is possibility one of the biggest emotional and financial decisions we will ever make. Don’t let fear hold you back from listing your home to sell. Sufficient planning and preparation can help eliminate these stresses and worries. In this video, we provide three tips to help you overcome the fear of an unknown selling process when selling your home. [siteloft_youtube video_id="/aOSz8MnvzBw" autoplay="1" suggestions="1"] If you're ready to discover the secrets to being ready to sell your home, download our free insider secrets to being ready to sell checklist. YES, DOWNLOAD MY CHECKLIST 1. Why do you want to sell? It is important to ensure that you are selling for the right reasons. Take some time to reflect on why you want to sell you. Is it for family reasons? Is the house too small for you? Or is it too big for you? The reasons that you are wanting to sell will not change. The home will still be too big or too small for you moving forward. Understand why the home is no longer suitable, and recognise that you may be selling in tough times, but that you can look forward to a positive future with a home that suits your needs. 2.Timing of the sale Many people worry about when is the right time to put their home on the market for sale. No one can predict the market. The main objective is to buy and sell in the same market. When other people are fearful of selling, there can be less stock available, meaning that you do not have as much competition with other properties. If you are unsure of when to list your property to get maximum value, speak with your local real estate agent. A good agent will help you manage your expectations and ease your uncertainty, along with answer questions such as “what if it doesn’t sell for my asking price” or “what if it sits too long in the market”, along with assisting you to price your home to sell. Increasing your understanding of the current market will help to manage your expectations. 3. Choose the right agent Take the time to choose the right agent. Working with the wrong agent can actually increase your anxiety when selling a house. They may devalue the home, cause delays, and even turn off potential buyers. Find an agent that you can develop a strong relationship with, and who has your best interests at heart, including excellent negotiation skills. A good agent should be able to tell you the current market conditions, have thorough knowledge of your local market, and a successful sales track record in the area. Have a list of questions to ask the agent when you meet with them to be prepared, and know what an agent should be able to tell you, including the costs associated when selling your home. Always remember to practice self-care, and not to let your feelings of being overwhelmed overtake and create fear of selling your home. Maintain a healthy lifestyle for mental clarity, by eating well and getting enough sleep and exercise. This will give a clear mind, energy and stamina to face any challenges that may come your way when selling your home. It also helps to maintain a positive mindset. Remember, your attitude and responses will dictate how stressful the process will be. If you're ready to discover the secrets to being ready to sell your home, download our free insider secrets to being ready to sell checklist. YES, DOWNLOAD MY CHECKLIST If you feel you could benefit from our experience with buying and selling, we’d love to hear from you. Simply reach out. We hope that has helped you today. If you have any questions, or you know of anyone who may benefit from our real estate services, we’d love to chat. Our number is 0426 264 771. We look forward to talking to you soon.
Mar 15, 2022
Does a renovation add value to your home?
With our home being our most valuable asset, many people will complete renovations to their home at some stage. Have you considered if your renovation will add value, or do you worry about over capitalising? Renovations are intended to make your property more attractive, comfortable and valuable. The right renovations can ensure your family home is comfortable and improve your lifestyle and has an improved chance of pricing your home to sell for more than what you paid for it, or they can assist with increasing your rental return for an investment property and maintaining your investment property. However, there is a fine line between spending money to make the home more desirable and over-capitalising on the renovations. Learn more in this video, where Joanne Danckwardt of One Agency JD Property Agents discusses this topic further. [siteloft_youtube video_id="/cqjVCjBcLIA" autoplay="1" suggestions="1"] If you're ready to discover the secrets to being ready to sell your home, download our free insider secrets to being ready to sell checklist. YES, DOWNLOAD MY CHECKLIST Overcapitalisation Overcapitalisation occurs when a property is improved beyond its resale value. In other words, too much money is spent on the renovation, and the owner is unable to recoup the money spent on the renovations, or when the cost of the renovation outweighs how much value it will add to a property. An example is if a home owner spends $200,000 on a home renovation, and then decided to sell the property, only to realise that the value of the property has only increased by $100,000. Overcapitalisation has occurred by $100,000. When renovating, simply by spending $200,000 on your renovation will not necessarily mean your property value increases by $200,000. The property is worth what the market is prepared to pay. Prior to your renovations, find out the value of your property in the current market by obtaining a market appraisal, where you can then discuss the current and future home value with a good real estate agent, who should be answer your real estate questions. Plan for the future If you are renovating your home to live in, it is important to make it comfortable and suit your current and future needs, but you should also ensure that the renovations will appeal to a wide range of buyers if you were to sell it at some stage in the future. The renovation should make for a comfortable and solid home for you and your family, it is important to think about whether the renovation makes financial sense and whether it will appeal to a wide range of people, being future buyers. There are certain rooms that will bring value to your home. The kitchen, bathroom, and outdoor living areas are always popular with buyers, and in more recent times, renovations that make homes greener by increasing efficiency and reducing energy bills are becoming increasingly well-liked. Design and layout Having a poor layout and design can impact on the resale value of your home. Making use of experts such as architects or drafts person to help draw up your plans will ensure that the layout remains functional, as an ideal floorplan is valuable. If the layout and design is poor the chances of losing money on the renovations is high. Budget Create a budget and stick to it. Having a clearly documented budget will help you to not over spend. Don’t have the renovation half finished, and the budget run out, forcing you to sell the property half completed. If you're ready to discover the secrets to being ready to sell your home, download our free insider secrets to being ready to sell checklist. YES, DOWNLOAD MY CHECKLIST If you feel you could benefit from our experience with buying and selling, we’d love to hear from you. Simply reach out. We hope that has helped you today. If you have any questions, or you know of anyone who may benefit from our real estate services, we’d love to chat. Our number is 0426 264 771. We look forward to talking to you soon.
Dec 31, 2021
Local business: The Sensory Studio in Fairy Meadow
The Sensory Studio in Fairy Meadow was born out of a need owner Erin Jamieson wasn’t able to fulfil locally. At age six, her youngest daughter was diagnosed with Autism Spectrum Disorder, Sensory Processing Disorder and Attention Deficit and Hyperactivity Disorder. Erin struggled to find sensory aids in Wollongong for her and so decided to create a solution - The Sensory Studio. The shop not only includes weighted toys, social aids, 'chewables' and fidget toys, but also a separate sensory space at the back of the shop for children and those with additional needs to touch and feel the equipment and have a play. Here’s Erin’s story… When and why did you start The Sensory Studio? We opened in October 2019. I’d had the idea for a little while, but up until then I was unwell and my daughter didn’t cope with that. My youngest daughter has autism. I’d heard about sensory spaces and how they could provide a calming space for children. The problem was there was nowhere I could purchase the items in Wollongong. So I decided I would open the business myself. I had an IT and accounting background and I’d grown up in a small family business. What sort of comments do you get from customers? It’s become a bit of a safe space for parents of kids with needs. I’ve got what I call the Mum’s Chair. Sometimes people, if they’re feeling a bit flat after school drop off, they come in and have a coffee. It calms them down. I originally envisioned having only children in here, but I have a lot of adults and teenagers too. We see a lot of mental health or people who suffer anxiety, especially after COVID. We’ve been able to help them with our weighted products and little fidgety toys to keep hands busy and keep minds calm. I get a lot of comments like “thanks for being here”. I’m so humbled by the response I get. I have to pinch myself about what we do. I don’t see it as a job. I’m passionate about helping people. It’s not just a shop. Why did you choose to set up in Fairy Meadow? We live in Keiraville, so not too far away. We do our grocery shopping in Fairy Meadow, so we’re familiar with the place. I didn't want to go into Wollongong. Being a sensory place, I had to be conscious of the space and it not being overwhelming. Having a wide street frontage here rather than a narrow footpath is good, because we have children that are runners. Having a clean bathroom is important, because every day I hand the key to the toilet to a mum with a child. I needed a safe and accessible place, that wasn't busy or overwhelming and where parking wasn’t an issue. It’s a nice community in Fairy Meadow and everyone is so helpful. How have you been able to manage through COVID? With the first COVID lockdown, we’d only just started an online store, so we had to diversify very quickly. Before that, we were only a bricks and mortar store. That was really hard. I’d only been in business less than six months. After that, it picked up reasonably well. As more people got to know us, the word got out. The past few months have been difficult with having to get back to online only again. I guess it was disheartening what we were facing again in the world but we’re still here. What are some of the most popular items you sell? We’ve had lots of babies - maybe they’re COVID babies - so everyone’s coming in to get things for bubs and 6-12 month olds. We’ve got some chew necklaces. We get a lot of children and adults who chew their clothes. We have chewable jewellery that doesn’t look out of place. It’s more discreet. We have lots of books and weighted toys. For those who are not able to have a real dog, they get a weighted toy because they’re quite life-like. Some even go to the pet shop and get a bed for them. The weight has a positive effect on the nervous system which helps with calming and self regulations. We sell most of our toys to adults. What are your future plans for the business? I'd love to expand and have a bigger space if the right space comes along. It would help us to offer more things. It’s nice being a cosy store and it certainly helps our customers that we’re more compact, but we’d love the extra space to introduce more. Learn more about The Sensory Studio in Fairy Meadow. To learn more about buying, selling or leasing a home in Fairy Meadow or surrounding suburbs? Contact Joanne on (02) 4285 7400. Considering how to Right Size Your Home as you or a loved one moves into Aged Care? Register for this free short course and learn how to best right size your home when moving into aged care.
Nov 9, 2021
APRA changes to home loans explained
Banks have been given new borrowing rule which could have some impact on the real estate market. The regulator, Australian Prudential Regulation Authority, also known as APRA, has told lenders they need to ensure new mortgagees can cope with a three-percentage point rise in interest rates, as they commence reinforcement of changes to home loans in Australia. Watch the video to learn how this might have an impact on prices within the real estate market. [siteloft_youtube video_id="/kqm2rgcaCfE" autoplay="1" suggestions="1"] If you're ready to discover the secrets to being ready to sell your home, download our free insider secrets to being ready to sell checklist. YES, DOWNLOAD MY CHECKLIST Mortgage interest rates may be near their lowest in history, but buyers applying for a new loan will have to ensure they are capable of paying a much higher rate when they inevitably rise in the future. The banking regulator, APRA, has told Australia’s lenders to increase the minimum interest rate buffer when assessing the serviceability of home loan applications. APRA expects banks to now assess all new borrowers’ ability to meet their loan repayments at an interest rate that is at least three percentage points above the loan product rate. This is to come into effect by 31st October 2021, and compares to a buffer of 2.5 percentage points that is commonly used at present. What do these changes mean? In simple terms, this means banks and lenders must not provide a home loan to a person until they are satisfied that they can still be able to afford the repayments on a rate that is 3.0 per cent higher than the current product's rate. For example, on a 1.99% home loan, a borrower would be assessed on their ability to repay the mortgage at a bank interest rate of 4.99% - the interest rate plus the new APRA buffer of 3.0%. Why have these changes been implemented? This increase in assessment rates has been designed to reinforce the stability of the financial system, ensuring that banks are lending to borrowers who can afford the level of debt being taking on – both today and into the future. It will effectively reduce the maximum borrowing capacity for the typical borrower by around 5 per cent. For example, someone who could borrow $1 million under the old buffer could now only borrow about $950,000. With buyers able to borrow less money, this could mean less money to spend on property, meaning as a sellers you will need to listen to the market when pricing your home to sell. Regulations to lending such as this are something to consider when trying to predict the market. Statistics show that one in five new loans approved in the June quarter were at more than six times the borrowers’ income. APRA believes that as the economy bounces back as lockdown restrictions begin to be lifted around the country, the balance of risks is such that stronger serviceability standards are warranted. Regulators will continue to closely monitor risks in residential mortgage lending and would take further steps if necessary. If you're ready to discover the secrets to being ready to sell your home, download our free insider secrets to being ready to sell checklist. YES, DOWNLOAD MY CHECKLIST If you feel you could benefit from our experience with buying and selling, we’d love to hear from you. Simply reach out. We hope that has helped you today. If you have any questions, we’d love to talk to you. Our number is 0426 264 771. We look forward to talking to you soon.
Oct 15, 2021
What is a property appraisal?
Ever wondered what a property appraisal is? Why you can't just use an online calculator to determine the value of your home? And also, why a Property Agent can't actually give you an appraisal right there on the spot when you ask. Understanding how your property's worth in the current market is determined is important. Learn more in this video, where Joanne Danckwardt provides insights for property appraisals and why it is important your agent provide you with one. [siteloft_youtube video_id="/m7wm3f5uphc" autoplay="1" suggestions="1"] If you're ready to discover the secrets to being ready to sell your home, download our free insider secrets to being ready to sell checklist. YES, DOWNLOAD MY CHECKLIST A property appraisal is an estimation of what your home may be worth in the current market. It is generally provided free of charge by a real estate agent. The agent will provide an educated opinion based on recent, comparable sales in your area, current market sentiment plus the agent’s understanding of the features your home offers, that may create buyer interest and competition or alternatively, negative features which may limit interest and the price buyers will be prepared to pay. It will allow you to price your home to sell. It can be sensible to request an appraisal from a number of agents before you select the agent you would like to use to sell your property. However, it is also important to do your own research so you can either agree or disagree with the agent, as well as understand the basis behind their pricing plan, ensuring that your price your home to sell. Having a list of questions to ask your real estate agent prior to the appraisal is an ideal way to ensure you receive all the relevant information. How is a Property Valuation Different? A property valuation is usually performed by a Certified Practicing Valuer for a fee. They are not real estate agents or associated with any real estate agency. A valuer will inspect the property, carry out research and provide an analysis into the local market, with a detailed report regarding issues affecting the current market value of the property. A property valuation service is commonly required by a bank or financial institution prior to approving a home loan. It is also used by buyers and sellers wanting an independent opinion, family or partnership settlement, capital gains tax and in some instances building insurance. How to research the market yourself There are ways you can do your own research to find out what your property may be worth in the current market. Check times and dates of local open homes and up-coming auctions of homes that are comparable to yours, and have a look. The interest in these will help you to gauge the current market conditions and allow you to compare your home against the market. Websites like www.domain.com.au, www.realestate.com.au and agent sites like www.joanned.com.au are a good place to see what has sold in your area for houses that are comparable to yours. These sites also provide observations and articles about current market conditions. What is a Seller’s Market and How Can it Affect Your Price? A seller’s market signals strong consumer confidence and a solid economy. It happens when buyer demand outweighs housing supply and greater competition will inevitably drive property prices up. With competitive bidding, a seller’s market will see increased auction and sales success. Be aware that the property market can be very segmented. Properties at the lower end generally always attract strong buyer interest, while properties at the high end may struggle for attention. Regardless of the market conditions, it pays to have an agent with outstanding negotiation skills to ensure you receive the best price for your property. What Impact Does a Buyer’s Market Have on the Sale Price? A buyer’s market is referred to when market conditions favour buyers. In a buyer’s market there are usually a large number of properties for sale and less buyers. This may come about because of rising interest rates or a slowing economy. In this type of market, sellers need to be competitive with pricing in order to achieve a sale. People love to predict the real estate market– where it’s going, how low it is going to go, or how high it will rise. Sellers want to know if they should get on the market right now to make the most out of the boom before it turns, and buyers want to know if they should hold off on buying for another six months to see if housing prices will drop. Booking a property appraisal with Joanne Danckwardt of One Agency JD Property Agents will allow you to find out the characteristics of the current market and how your property sits. To get your free property appraisal simply click here. If you're ready to discover the secrets to being ready to sell your home, download our free insider secrets to being ready to sell checklist. YES, DOWNLOAD MY CHECKLIST If you feel you could benefit from our experience with buying and selling, we’d love to hear from you. Simply reach out. We hope that has helped you today. If you have any questions, we’d love to talk to you. Our number is 0426 264 771. We look forward to talking to you soon.