When it comes time to sell your property the decision often comes due to changes in lifestyle, like additions to the family, retirement, job relocation or a change in relationship status. Whatever reason it may be when it comes time to sell it can be daunting and the question is always asked ‘is now the right time to sell?’.
The decision to sell property may not always coincide with ideal market conditions and it is imperative that you understand the current property market conditions, as well as, the state of the economy. These two external environments could play a large role in the results you achieve.
So what about right now? Is right now a good time to sell a property? The answer is yes. If the property is presented well and priced right, it will sell. Today’s market however, is particularly favourable to sellers, and is what is known as a ‘sellers market’.
A sellers market is where demand is higher is than supply. i.e. more buyers than properties. In recent weeks the Illawarra Property Market has seen a slight decrease in new listings to the market, however, an abundance of active buyers.
This has resulted in increased activity in the local market. MMJ sales agents are reporting excellent results including quicker sales and maximised sale prices, including over and above advertised prices. See what’s sold recently.