No live auctions? No problem.
Sydney homeowners are eager to sell their properties to qualified buyers, despite the harsh on-going lockdown laws.
While most vendors are not letting the lack of public auctions deter them from selling in live online auctions, others are bringing it up by 2weeks to capitalize on buyer urgency and even selling prior to seal the deal as soon as possible.
A NSW Health Spokesperson noted that in Greater Sydney, including the Blue Mountains, Central Coast, Wollongong and Shellharbour, or the Orange, Blayney or Cabonne LGA’s, auction can only be held online, and inspections are by appointment only, in alignment with the current and ever-expanding restrictions.
These restrictions have seen agents spend even more hours opening up homes for appointment only inspections, but this has worked in their favour as they’re seeing more qualified and pre-approved buyers walk through the doors.
On the Northern beaches, a 6 bedroom home sold for $3.4million to a local downsizer after strong interest from 2 parties who both pushed the negotiations to to top of the price guide.
Raine & Horne Mona Vales, Ben Spackman said that interest ramped up once the auction was actually called off. And it wasn’t a bad day for the vendors who bought the home in 2014 for $1.65 million, records show.
In all, regardless what’s happening in the market, property prices will continue to rise, and it’s expected to keep rising for many more months to come which is great news for vendors and buyers alike.