Proof of Life.

First of all, thank you to everyone who has emailed me recently concerned that perhaps I unsubscribed them from this newsletter…fear not, I have just been on a mini hiatus.
 
To explain, our team has been busy…really busy and as a result my focus has been entirely on what we do. I’m proud to announce that in the past three months our team has sold 34 properties and despite our competitors claims that we are ‘too busy’ we have 34 very happily sold owners.
 
So this week I just wanted to say hi and share with you what we are seeing in the current market. I’m not sure if the recent shocking events in the Middle East are the cause but the market has definetely changed. Buyers have become increasingly cautious and as a result many auction campaigns across the lower north shore are passing in and/or being extended.
 
Yes I know that the papers are reporting boom time conditions but the data that they rely on is obsolete, what was happening 90 days ago isn’t the same as what is happening right now.
 
So what has changed? The major difference is peoples confidence (or lack of) around buying before they sell. In the past where buyers would just buy and then sell without thinking, many are now hesitating.
 
For a couple of months now we have been encouraging people to sell first and then buy. I know this brings about its own risks but I would rather move twice than buy and have to sell under pressure.
 
In uncertain times certainty is the new black and property sellers want to deal with buyers who are ready, willing and able to buy today.
 
Its not all doom and gloom but it’s not all peaches and cream either. Ultimately it comes down to who is prepared to carry the risk.
 
Until next week,

David Murphy