It's Great Time to Sell Your Property

The latest real estate figures for WA are out and show house prices in Perth are booming; in fact, twenty suburbs recorded a whopping 10 per cent sales growth in their median house sale price and some like Bicton recorded a phenomenal 20 per cent surge in price growth.

As Leigh at Perth One Real Estate will tell you, agents can’t keep up with the demand from buyers. This means it’s a great time to talk to your real estate agent about selling your property because you can be confident your home is going to sell and sell quickly. That makes it a super easy process for you, the vendor.

“Sellers are almost guaranteed a fast sale and in fact, many homes are selling in the first week of going on the market,” Leigh says.

“This makes the whole process much easier – no sluggish sales that force the seller to cut their price and profit. Instead, they maximise their profit because demand is so high, with some buyers even offering above the asking price just to secure a property.”

Also, your home is going to make more money now than ever before and you get to pocket that bigger profit.

And, if you take that profit and reinvest in another home either up-sizing or downsizing, tree-changing or sea-changing, you take advantage of super-low interest rates that the experts say are likely to stick around for a few years.

Or you could sell your established home for a tidy profit and take advantage of State and Federal Government economic stimulus packages by building your dream home.

This weeks 2021 Federal Budget added $780 million for additional stimulus packages for the housing market through an extended HomeBuilder scheme.

The Budget provided further incentive for downsizers to sell; the age limit for the downsizer scheme has been dropped from 65 to 60 and these retirees can sell their family home at a great profit and contribute $300,000 to their super fund.

Or why not sell that investment property now and reap the bigger profit possible in this buoyant market? This is particularly appealing for those sellers with a home in the first home buyer category after the Federal Government bolstered support for those buyers in the Federal budget.

The First Home Loan Deposit Scheme has an additional 10,000 places and those first home buyers need a deposit of just 5 per cent.

First home buyers will benefit too from the First Home Super Saver Scheme leaping from $30,000 to $50,000 as the amount buyers can contribute to their super fund to be used as a home deposit.

Don’t Wait! Give Leigh a call for a chat about listing your home.