Real estate is moving!

Firstly, let’s remember that despite what anyone is predicting right now they are just opinions - none of us, including all the ‘experts’, have been here before. All we can rely on is what is actually happening in the market and what we are seeing right now. Despite what you may be reading in the media, the property market is quite active and properties are selling – some of them sightunseen!

We are marketing several properties currently and we have had high levels of inquiry throughout level 4 – there are plenty of buyers in the market right now, and now we are in Level 3 we can show buyers through properties.

If you read this column last week you will know that under Level 3 we can have two viewings per property each day and of course each viewing can have a maximum of two people per bubble. In most cases viewings are booked up several days ahead.

What we are finding is that auctions are still the best way to sell property. For a seller it is still the best way to get a premium price, for buyers it is a way to determine market value and give them “social proof”. In a market that is so different to any that any of us have seen before, it is the best way to determine a fair and reasonable price for all parties.

So what else can we do in Level 3? We are able to do appraisals, building inspectors are able to do inspections, lawyers can do settlements and people can now move house.

What will Level 2 look like for Real Estate?

Right now we don’t know, and we don’t know when that will happen, but we are hoping for some loosening of the current restrictions.

For all of us that will hopefully be revealed tomorrow. It feels like the whole country is ready to move, there is definitely a new energy around!