Owners fret more than they should about missing out in a falling market, estate agents say.
But even so, sellers may be worrying too much. Owners fret more than they should about missing out in a falling market, especially in the early stages, said Duncan Grady, a real estate agent on Sydney’s lower north shore.
“It gets to the upper end of their expectations. However, six months later, had they kept it, they’d have got a higher price. No one ever cries over that.”last year, they responded differently, he said.The areas most at risk now are “shallow” markets, with light sales volumes and a market that can move quickly based on buyer sentiment, Mr Christopher said.
“I pretty much guaranteed them that the worst-case scenario would be $1.8 million. We sold for $1.93 million, smack bang in the middle.”
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