Its a buyers market

Over recent weeks the news has been full of negative reports about the flatlining of the real estate market.  It’s interesting that a stable market is always reported as negative when it actually represents a positive opportunity for that very important, but often overlooked group of people…. buyers!

For those people devoting their weekends to pounding the pavements it must be thrilling to read prices are stable.  Also we are seeing potential buyers who were dispirited by high prices re-enter the search in the hope of securing their perfect property at an affordable price. That’s great, except that at the same time vendors reading reports of flatling prices get nervous and respond by withdrawing their properties from sale. The result.  More buyers. Less properties. 

Property owners should remember there is more to real estate than just a boom or a bust cycle.  There is a place in between where prices remain stable but at that point that basic principle of supply and demand becomes a fundamental driving force. Often the savvy vendor is the one that leaves their property on the market even when the word on the street is that the market is slow.  The opportunity is there to capitalise on the increased buyer interest and activity and secure a great price.