As a real estate agent, one of the most comment questions I’m asked is about the property market. People want to know what’s happening in the market, and it makes sense to ask an expert in that area – someone who literally spends pretty much all of their time dealing with the market, stats, appraisals etc.
However when talking to buyers about the market it’s different. “Oh no, my hairdresser told me interest rates were going to double in the next 12 months’, or “My uncle said to wait until the market bottomed out before buying, will save $10,000’s”. As an agent, it makes sense to listen to an expert, and not some Facebook forum or doom and gloom journalist.
My advise to buyers is this: “The best time to buy, is when you can.”
If you wait to buy (when you can genuinely purchase right now – as I know some people aren’t in the right position yet), you may find yourself priced out of the market again soon. Personally I think the market has gone pretty much as low as it’s going to, and I believe in the 2nd half of this year it’s going to start recovering.
Don’t listen to poor advise. Listen to the people who live and breathe real estate and have a finger on the pulse of the market.
Feel free to reach out if you have any questions! (021) 411-117 or Stu@TheTeamRealty.co.nz
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