Relocation Relocation Australia

Patience Pays Off When Property Hunting

Relocation Relocation host, Veronica Morgan, says the key to finding the right property is patience as seen in episode three with Jason and Mary.

Jason and Mary went on an emotional roller coaster when looking for their Tasmanian dream property. So it is understandable that when they made the decision on which property they wanted, they hoped to get a quick “yes” to their offer.

But it was a big ask to expect people who have had their property on the market for over 2 years to do anything quickly!

Some negotiations can stretch out for days, and even weeks. By being patient Jason & Mary may be able to save $10K or $20K, which is not to be sneezed at. Alternatively, they may decide to walk away from negotiations and avoid paying too much for a property that is probably overpriced.

Having said all this, the definition of market value is when a willing vendor meets a willing buyer. When you have a vendor who is fixed on a price that is clearly too high, what does a willing buyer do? If the asking price is within their budget, there is always the option of paying what the sellers want, especially if the property is ideal in a way that another property is unlikely to match. If the pain of not having that property is too great, then go ahead and pay the money. But they need to proceed with their eyes wide open.

Remember that a dream could easily turn into a nightmare if they paid full price and ever found themselves in the position where they needed to sell in a hurry…


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