Marketnews Archives

Buy Sell works. Late last year, our clients approached us, expressing their desire to discontinue a renovation project. Despite their home being halfway demolished since purchase two years prior, we managed to sell it for more than we initially paid, when we bought it for them. Simultaneously, we facilitated the purchase of a move-in ready property with potential for improvement or the option to retain its current state, all while putting money back into their pockets.

At the Top End we continue to feel positive about where the market could be going, after the conclusion of our 3rd and final week of the 100 Auction Test (2024M1 – Opening).

Overall, the market eased upwards during February buts really its line ball – on the edge – results are patchy and volatile, and the market is still punishing mistakes.

The good news is the Bidderman freefall of 2023M4 – Pre Xmas has been arrested.

All the stats and today’s action below, including a last one standing s…fight at Mary Street, Grace Park on Monday, which went past $14m, $16m and $18m on the fly.

Bidderman says Boroondara returning to cauldron – wounded underbidders aplenty. And at the Top End the market is strengthening both at auction and in the shadows away from the public.

Stock has increased and more coming on BUT Bidderman per auction are falling. Showing active market has little depth – shallow.​

SOLD by JAMES BUY SELL, BUXTON, and SHELTER BY THE BAY.

The proof is in the pudding – private inspections, a truthful SOI, and a clear and transparent negotiation process were liked by all sides AND WORKED.

Last week, we discussed OFIs and gained some perspective.

My preference for Private Inspections over Open for Inspections isn’t about criticizing OFIs but rather about emphasizing the value of Private Inspections.

Give me a top-notch agent and a private inspection process, and nine times out of ten, it’s a better deal for everyone involved.

Set to Soar 2024 A Great Success.

I do not believe in OFIs

True I don’t believe in underquoting and poo(r) presentation and low commissions because as a buyer agent I know that underquoting, poo(r) presentation and low earning agents standing on doors helps me buy better for my buying clients often.

But this is still not the biggest thing I don’t believe in. The biggest is the OFI and the higher home on the food chain, the stronger my aversion to Open For Inspections.

However, the real shift in 2024 Real Estate lies not in tech, but in the increasing recognition among agents, advocates, buyers, and sellers of the value in collaboration and healthy ethical competition & bespoke thought.

As we begin our Year in Review – 2024 feels super exciting

This has been a wonderful year in my life, in my property dealings and made me even more incredibly positive about the future of humans.

I sincerely hope you have had the same kind of year and I know many of you have.

Life’s highs are about emotions and why I love buying and selling property, almost never investments, almost always for a family to live in… because I feel the emotion, and it makes me feel alive.

In the intricate dance of off-market and EOI negotiations the extra sauce combo of collaboration, innovation, and trust is not just beneficial but often crucial in achieving outcomes that are favorable for you, the buyer, seller and/or even the agent.