We’re currently in the downward phase of a typical market cycle which won’t last perpetually – however it presents a wonderful ‘window of opportunity’ for buyers.
The clearance rate in Melbourne is currently in the low 60%, and although this is having no effect on the number weekly sales, it means there’s more room for negotiation. In other words, given the right circumstance, there’s an opportunity to bag a great deal!
Most property auctions we attend pass in and are later negotiated. So what do you do when a property is passed into you?
– Click here for the rest of the article (Source: Home Buyer Show Website)