Highway to Belle.

Oh snap! I haven’t come up with a headline that creative since I helped a friend name his boat recently….we landed on ‘It rubs the ocean on its skin’ (Genius, wordy but genius).

So…I’ve had a lot of calls this week (mainly from other agents) wanting to know the BIG goss, sadly I don’t really know what’s going on, all I have heard is that there is trouble brewing at the station and there is a new agency about to launch with a name that rhymes with jello…oooh, can’t wait. Let me guess, it’s going to be a small agency with the common touch and high flying global reach…all things to everyone *yawn.

I will say this… after being in the industry for 20 years I’ve observed that agents can’t run from their reputations, be it good or bad, karma knows where you live (and work) and those karmic chickens always come home to roost. My market tip for you this week is to be extra wary of the agents who claim to be holier than thou.

Back to my day job. The local market remains buoyant, sure some of the heat has faded but the lack of quality supply coupled with strong underlying demand means property sellers still have the upper hand.

One noticeable shift in market sentiment is increased timing caution we are seeing with purchasers, namely around settlement periods. With an election looming extended settlements are in vogue which means if you are selling and you can offer flexible timing to your buyers you will likely get a better price.

Our TV tip for the week is to watch ‘Drive to Survive’ on Netflix…Formula 1 is back! The behind the scene’s drama shares some commonality with real estate….except maybe the main characters in that show are in better shape and way way cooler.

Until next week,

David Murphy