• May 1, 2020

No matter what the state of the market, no matter what the media sentiment or the expert opinions, the wheels of the property market will always keep turning, especially in a sought-after region such as ours.

COVID-19 has undoubtedly injected some caution into our market, however we’re still seeing plenty of strong results and successfully matching homes with purchasers, even though the buying pool has contracted somewhat.

Whatever the prevailing conditions may be, people will always have to buy and sell real estate for all of the usual reasons, whether it’s upgrading for an expanding family, downsizing for empty nesters, divorce, investing, moving interstate or overseas … the list goes on.

56 Renwick Street, Drummoyne

Tim Wieland and Jack Hughes from the C&H Drummoyne office recently sold a number of properties, including 56 Renwick Street, Drummoyne. It was actually COVID-19 and the uncertainty around where the market might be headed that motivated the vendor to sell the property rather than wait. She didn’t want to risk waiting any longer in case prices were further impacted, which is the big unknown at the moment. With the playing field constantly changing, Tim and Jack knew that information was key to a smooth sale, and keeping her thoroughly informed was paramount. “Personally our experience with Tim and Jack was great,” said the vendor, “They updated us throughout and we felt informed and confident enough to make our decision.”

The purchaser of the property had sold her house and was in the market to buy something quickly so she and her family could move straight in and avoid having to rent, so there was some urgency to her search. She had been looking for about four weeks when she saw Renwick Street, which ticked all the boxes. Even though taking advantage of the easing market wasn’t her primary motivation for purchasing, she felt positive about her ability to negotiate in the current climate. Throughout the experience she commented that the C&H team made the process quick and easy, guiding her effortlessly through the journey.

18 Park Avenue, Drummoyne,

Tim and Jack also recently sold 18 Park Avenue, Drummoyne, with the vendor making a longer-term decision about freeing up some capital from an investment property purely for lifestyle. She commented that the pair were in contact every step of the way and gave her plenty of information. She advises other would-be vendors to consider selling off-market rather than auction, letting the agent pre-qualify buyers and negotiate the deal in private. The buyers of Park Avenue had been looking for 12 months on and off, were eager to stop renting, felt that this was the right home for them and saw that the market had cooled off a bit since prior to Christmas. The purchase was a long-term decision as they plan to live here with their kids for a good while. Their advice to buyers, “You have to love the location and the feel of the house. If it feels right, go for it!”

42 Arthur Street, Leichhardt

Alex Mastoris from our Annandale office recently sold 42 Arthur Street, Leichhardt for a vendor who was looking for a tree change and a single-level home with lush gardens. Vendor feedback was that Alex was informative and adaptable, keeping them informed every step of the way despite the changing market which was hard to gauge. They also advised others to buy and sell in the same market where possible. The eventual purchaser had previously sold and had been renting for almost 12 months. For them it wasn’t so much about the market timing, but rather that the property just felt like the right one. As they were upsizing to a home that they intend to live in long term, they felt it was an added bonus that this climate represented the best opportunity to do so. They commented that C&H’s constant communication helped the process run smoothly and in a timely manner.

10 Wrights Avenue, Marrickville

Alex also sold 10 Wrights Avenue, Marrickville for a vendor who was looking to relocate and downsize. They commented that Alex’s honest approach enabled them to acknowledge and accept the changing market and adjust accordingly, with his past experience in changing markets giving them confidence throughout the campaign. The property was sold to a buyer who had transferred from interstate, didn’t want to rent for too long and was looking for a forever home in Sydney, so the market conditions were not a deciding factor. Their search took them just three months, with their advice to other buyers being that it’s imperative to do your due diligence and be ready to act if you’re looking to secure something quickly. They commented that Alex was well prepared and knowledgeable, aided by logical advice and a straightforward process.

We’ve got plenty more COVID-19 sales success stories just like these, and we’re here to help you move, whatever your circumstances and motivation.

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