‘Secret’ property deals surge as residential market slows

Property buyers are increasingly being offered “exclusive” off-market deals as sellers attempt to cash in on record prices amid concerns the residential market isSome sellers are considering off-market deals because there is not enough time to launch a full marketing campaign in the countdown to the mid-April Easter holidays, they say.

Michael Pallier, managing director of Sydney’s Sotheby’s International Realty, who negotiated a $95 million off-market deal for a Point Piper property, says he prefers to advertise a sale.Pallier, who says only about 5 per cent of his deals are off-market, adds: “My duty is to make sure the seller gets the best price. Advertising widens the net for potential buyers.”

Buyer’s agents claim cashed-up top-end buyers are increasingly prepared to pay up to 10 per cent more for a house that meets their specifications.Patrick Bright, a buyer's agent based in Sydney, says many agents specialise in particular postcodes and learn to identify potential buyers and sellers in their area.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

What are the signs that a property market has peaked?Home value growth has stalled in Sydney and Melbourne, but that doesn’t mean prices will drop. A closer look at auction clearance rates, interest rates, home loan approvals and home buyer sentiment points to what’s ahead. elizabethredman It hasn’t peaked, it simply stalled, but not for long, I’m predicting 6 weeks elizabethredman there are 100 million non australians that would love to own a property/ies in aust at any price , elizabethredman You all say this every day ending in Y, along with crypto currency, every day for the last ten years
Source: smh - 🏆 6. / 80 Read more »

What are the signs that a property market has peaked?Home value growth has stalled in Sydney and Melbourne, but that doesn’t mean prices will drop. A closer look at auction clearance rates, interest rates, home loan approvals and home buyer sentiment points to what’s ahead. elizabethredman Hi, I hope you are doing Great.I will design Logo, Flyer, Branding, Unique Social Media post for your business or Company. If you need any type of graphics related work, Please let me know. High Quality and Professional Work. Order Here :
Source: theage - 🏆 8. / 77 Read more »