Downsizers in pole position in slowing market

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For buyers who’ve already sold up and know what they want, there’s less competition for good properties. And they’re cheaper than they were six months ago.

, they’re in a strong position to make decisions and purchase. They know their capacity and know what they’re looking for.The buyer didn’t want a pool, but when her daughter pointed out that future grandchildren would enjoy it, she changed her mind.The location was perfect - she was downsizing and needed a place in the area to stay near her friends and near her cafes and restaurants to continue her lifestyle.

But she spoke to her daughter overnight. Her daughter said: “Later on, if you have grandchildren, they will love the pool”. She went “OK, done.”No. The daughter had nothing to do with it. She gets free babysitting services in the future, when she needs them! None of the buyer’s kids currently have kids.

 

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