Home prices hit new peaks across half of the country
Home prices are rising despite higher interest rates and an increase in listings on the market. They are now at their peak in half the regions in our country. Click here to read more
To make your property stand out at auction time, make it accessible, conservatively creative, familiar, inclusive, light and appealing.
In any given month, someone planning to buy a home might have up to five properties on a shortlist that meet their requirements.
Over the weeks that follow they strike properties from their list for various reasons, but those with the most appeal usually make it through the cull.
For this reason, many believe the way we buy and sell property is a little like a popularity contest. That is, the most popular and likable house ‘wins’ (i.e. gets the best price and/or sells the fastest).
In a sense, selling a house is a little like making any other product popular. For example, music producers Stock, Aitken and Waterman – producers of Kylie, Bananarama and Rick Astley – were masters of the pop song. They used a formula. The music was catchy, accessible, conservatively creative, familiar, inclusive, light and appealing. And it sold like hotcakes.
The truth is that just like a popularity contest, buyers are drawn to the most appealing product on the market.
What happens if we apply the same thinking to the way we present our property for sale? That is, we make the property accessible, conservatively creative, familiar, inclusive, light and appealing.
Here’s my formula for property popularity:
Just like a popularity contest, buyers are drawn to the most appealing product on the market.
For the vendor, this popular appeal generates a broader pool of buyers, increasing the number of prospective purchasers. Logically, this translates into greater competition and a higher price – often 10’s of 1000’s of dollars higher.
Just selling your home means you’ve merely taken part in the popularity contest. Selling it quickly, for a strong price, means you actually won it.
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Home prices are rising despite higher interest rates and an increase in listings on the market. They are now at their peak in half the regions in our country. Click here to read more
The number of vacant rental properties across Australia has increased, improving conditions for renters looking for a home. Click here to read more