THE SUN IS SHINING, AND SO ARE THE BUYERS! SPRING HAS ALWAYS BEEN A BUSY SEASON FOR THE PROPERTY MARKET, AND THIS YEAR, SPRING 2024 PROMISES TO BE A TRULY THRIVING PERIOD. HERE’S HOW YOU CAN GET READY IF YOU’RE LOOKING TO BUY IN THE COMING WEEKS.
At last! It’s time to stow away those winter layers and bring out the t-shirts and shorts.
Spring is just around the corner, lighting the way for sellers to enhance their homes in an effort to attract prospective buyers.
Traditionally, spring is a favoured time for both sellers and buyers. With gardens in full bloom and warmer weather inviting us outdoors, it’s an ideal time to finalise a home purchase well in advance of the festive season.
However, this spring 2024, there’s an added incentive for buyers.
More Homes on the Market
Over the last decade, spring has seen new listings spike by more than 18% nationwide, according to CoreLogic.
This surge provides buyers with a broader selection of homes, a trend they typically seize upon. Generally, home sales rise by over 8% during the spring months.
This year, buyers may enjoy an even larger array of options.
CoreLogic also reports that the previous autumn and winter seasons have delivered an increased pace of real estate listings, contributing to a more balanced market in terms of supply and demand—especially when compared to last year when sellers were in a more dominant position.
However, aspiring buyers should be ready as the spring season approaches.
It’s crucial to note that quality homes can move quickly. In Perth, for instance, median selling times are currently just 10 days. Acting fast could give buyers a significant edge.
Three Steps to Gain an Advantage
In the dynamic spring market, home buyers can enhance their chances by following these three straightforward steps:
- Create Your Wish List
With so many properties to view, it’s easy to lose sight of your priorities. Simplify the process by crafting a list of essential features you desire in a new home, followed by a list of additional, non-essential attributes. This clear wish list will help you focus on finding properties that align with your vision.
- Understand Your Budget
Buying a home leaves no room for uncertainty about financial capabilities. Speak with us to gain a clear understanding of your borrowing power, allowing you to establish a budget that identifies which homes fall within your price range.
- Get Your Home Loan Pre-Approved
Demonstrating that you are a serious buyer is key, and obtaining mortgage pre-approval is a simple yet effective step to alleviate much of the stress associated with the home-buying process. If you plan to bid at auction, pre-approval enables confident bidding while setting a defined limit on your highest offer.
We’re here to assist you with securing a home loan pre-approval that aligns with your specific needs.
I’m Here to Assist You
As temperatures rise, so too will activity in the housing market. If you’re considering a purchase, now is the perfect time to get organised and ensure you are ready to proceed when the right opportunity arises.
Reach out to me for a personalised conversation about your property ambitions, and learn how we can support you in achieving them with a home loan tailored to your requirements.
0447 654 321
