There is no doubt that we are in a bubble of frantic buying and selling of property right now. We are seeing good properties come to the market, we have plenty of cash buyers in the auction room looking to buy the right property and we have numerous buyers still needing to arrange finance or with houses to sell, who are keen to pop a contract on a property they have chosen.
Last week saw 70% of the properties in the auction room sell to cash buyers and further conditional offers came after the auction on some of the remaining properties. A property we priced two weeks ago had a flurry of activity and ended up selling to an ecstatic purchaser for considerably more than the asking price because of the stiff competition wanting to own the property. And there are certainly more multiple offers on properties now in the spring than we have seen for some time.
If you want some assistance to either buy or sell your property, talk to the people who know how to market them to achieve the absolute best result! Talk to EVES today!