SO MANY MOVING PARTS!
Mortgage interest rates, changes in immigration rates, Fear of over paying (FOOP), Fear of missing out (FOMO), falling property prices, difficulty in obtaining finance.
As mentioned by Tony Alexander this week "Sales of properties are running around 40% down from a year ago, it is taking 13 days longer than a year back to sell a dwelling, prices have fallen 9.5% from their peak, and listings are up 104%".
So many moving parts! It can be quite confusing for vendors and buyers alike at the moment.
We have found that in times like these, "going back to basics" really helps to assist our clients with their very important real estate transactions.
At Barfoot & Thompson, we've been doing this in Auckland for 99 years. We have tried and tested processes to take our clients through the rollercoaster of selling and buying a property.
We know what works and we've got the agents and the network to remove the stress and get the job done!