17th September 2021
The Premier’s announcement this week that real estate inspections by appointment will resume in Melbourne would have been welcome news to our fellow Melbourne agents.
Whilst down here we can do private inspections already, the vast majority of our buyers are unable to come to the area, which has resulted in the majority of our inspections occurring by Zoom or Facetime.
In fact, according to a new survey, one in nine Australians would buy a property without inspecting it themselves. For comparison, only 8% of Australians would move into a rental sight unseen. The finding produced by Canstar, indicates one reason why lockdowns haven’t been sufficient to freeze auction markets.
The survey found that Australians were less likely to buy a vehicle, a pet or even rent a property without seeing it first.
While buyers may be able to organize building and pest inspections without visiting the property, the enormous outlay doesn’t appear to be deterring buyers who haven’t already been in the property themselves. We are seeing this on the coast as well with the last five houses I have sold being purchased without the buyer inspecting! Who would have thought that twelve months ago? It also requires a different skill set from the agent to successfully show a property via these mediums and also places a greater trust in the agent.
Some sellers seem to be holding off putting their properties on the market until this round of lockdowns ends however given that there are less than a handful of houses for sale in our entire area being publicly advertised, perhaps it is better to go to market now?
As I have said endlessly in this blog, it is always better to sell in isolation rather than in competition.
James Worssam | 0418 585 815