If you follow this approach you’ll get valuable insights into property prices, selling tactics and the state and level of demand, placing you in a much better position to successfully buy your first or subsequent home.
Buying a home in today’s market can be a daunting task. Not only do you have to contend with limited stock, rising interest rates and strong competition, but with ever increasing property prices it becomes even more difficult, if not impossible, to predict how much a property will ultimately sell for.
We know, given the frustratingly common scenario of properties selling in excess of their advertised price that selling agents’ price estimates and price ranges do not always reflect the price vendors want or what the property ends up selling for. This of course makes it exceedingly difficult for many buyers (and especially first time buyers) to know whether they can afford a property that otherwise appears to be in their price range.