Proper appraisal, negotiation tactics vital in today's market
May 15, 2014 / Written by Rich Harvey
Rising home values can be great for home buyers and investors alike. Not only do they give traditional home buyers a valuable asset they can count on to grow in worth, they provide investors with a greater chance for capital growth.
At the same time, rising home values can make purchasing a property that much more expensive, which means it's more important than ever to focus on accurate appraisal and strategic negotiation.
For instance, the latest RP Data - Rismark Home Value Index showed that Sydney was once again among the top performing capital cities for home value growth over the three-month period ending in April. Sydney was second only to Darwin during this time period, posting home value growth of 4.1 per cent - the 11th consecutive month of price increases since June 2013.
"The last time Sydney strung together 11 consecutive month-end increases was in November 2007 when the market added 14.7 per cent and before that in November 2002 when it delivered 19.6 per cent growth," said Rismark CEO Ben Skilbeck.
"The record for Sydney consecutive growth months was 12, recorded in November 1996."
With prices continuing to be on the rise, if you're looking to buy property in Sydney, it makes sense to ensure you're paying the right price.
Proper appraisal takes skill
An accurate property appraisal requires time and research, but most importantly, it calls for expertise and local knowledge.
When you need help buying a home, you owe it to yourself to turn to experts with the skills necessary to give you the true market value of a property.
Our in-house valuer can help you determine exactly what price to pay for a home, an important service in all real estate deals, but especially so in a market like Sydney that is coming off a price boom.
It's all too easy to overpay for a property, and the truth is most home buyers simply don't have the time or experience necessary to appraise a home's value correctly.
Additionally, proper home appraisal can help you win at auction. It's easy to get caught up in the thrill of bidding, but the last thing you want to do at auction is fork over more money than a home is actually worth.
Propertybuyer has professionals who can not only track private treaty sales in your target area, but also help with auction appraisals, comparing relevant sales and determining which home features improve or diminish value.
Negotiation tactics are part of the process
Knowing how much a home is worth is one thing, but negotiating real estate is about more than just having the facts.
We can approach your property purchase objectively, removing any emotion from the equation. Working tirelessly and solely on your behalf, our expert negotiation skills can save you tens of thousands of dollars, more than making up for the cost of having an experienced buyers agent in your corner.
After all, buying a home is likely to be one of the biggest purchases you ever make in your life. Don't you owe it to yourself to ensure you're getting the best deal possible?
Propertybuyer offers a fixed fee for our negotiation services, so you can enter the process without worrying about any hidden costs.
By utilising our vast pool of experience, as well as our access to an extensive sales database, you can be confident that our appraisal and negotiation skills will provide you with the best chance of obtaining a fair deal in today's market.