Welcome to the CY Blog. As Perth's premier real estate agents we are delighted to provide you with a relevant, accurate and useful source of information - keeping you up to date with the latest in real estate news.

Thursday, April 21, 2011

SNEAK PREVIEW ATTRACTS SERIOUS BUYERS

With school holidays here and the Easter long weekend fast approaching, we expect to see a decline in the number of buyers attending home opens this weekend. Many buyers will head away on holiday and take a break from their property search. That said, it also means that potential investors may be on holiday in Perth and will use their spare time to scope out a good real estate purchase.

Sales activity in the past 7 days has been a little slow, but there are always some bright spots. One of the stand-out sales for the week involved a piece of land in Claremont. This property had been on the market for 9 months and with 2 other agents before it was listed with Caporn Young. Amazingly, the land sold in the first week of the campaign, before the price and address were even released to the market.

This unique strategy is designed to attract only serious buyers who are prepared to put their best foot forward. And that’s exactly what happened, with many competing buyers attending the exclusive “sneak preview” and the property ultimately selling with a cash offer in the high $600,000s!

Until next week, on behalf of everyone at Caporn Young I hope you and family have a safe and enjoyable long weekend.

Thursday, April 14, 2011

ALL REAL ESTATE AGENTS ARE NOT THE SAME

Anniversaries are generally a time for celebration.

But there’s nothing to celebrate when, as a seller, your property has been on the market for an entire year.

This was the situation faced recently by the owner of an Attadale property. However, this particularly story ended on a positive note after the owner finally appointed Caporn Young to sell their property, following a string of unsuccessful relationships with other real estate agencies. The accepted offer, one of 3 presented to the owner, was actually the first the owner had seen in around 9 months. So, you can image the seller’s relief.

In a competitive real estate market, it’s easy to believe that all real estate agents are the same. But there are definite reasons why some agents consistently outperform others. The particular Caporn Young agent who sold the Attadale property achieved a total of 5 sales in the last week alone and is negotiating on 3 others.

Negotiation skills are critical in modern real estate. So, when interviewing agents to sell your property, make sure you ask them to demonstrate their negotiation techniques.

Thursday, April 7, 2011

MAGNIFICENT MARCH!

We’ve just totalled up the figures and it’s now official. We sold more property in March than in any other month in the current financial year. And this steady run of sales has continued during the last 7 days.

One of the stand-out sales in the last week was a City Beach home that sold for a near $2 million before the marketing campaign even began. Amazingly, one of the 2 competing buyers placed an offer on the property sight unseen. That’s confidence!

It’s clear that astute investors and trade-up buyers are definitely active in the market. And when you consider increasing rental rates across the board and the population growth in WA (approximately 47,000 in the last 12 months), we expect stock levels to diminish and prices to experience upward pressure. 

With the RBA leaving interest rates on hold this month, it’s further positive news for home owners and potential home owners.