Use Time To Your Favour When Negotiating
The heat has absolutely come out of the Melbourne housing market.
Dynamics between Sellers and Buyers changed dramatically throughout 2018. For much of the five years between 2012-2017, the dominant, underlying emotion at auctions and during private sale negotiations was one of fear – Buyers feared missing out. With prices down and with auction clearance rates lower than they have been for years, the tables have turned, and now it’s the Sellers who are feeling a bit of fear.
For those who study and understand Melbourne real estate, these market dynamics will deliver great buying opportunities. Savvy developers with strong balance sheets are already capitalising…
I first saw this property when it hit the market in November 2017.