Comment: Key points regarding the Property Market during the Coronavirus:
1. It is an opportune time for buyers with secure employment & finances to buy real estate.
2. Home owners should talk to their banks about getting a better rate to refinance.
3. We are already negotiating healthy price discounts, but prices will rebound sharply when the virus is contained in the next 3-6 months due to record low interest rates, population growth, strong infrastructure and a severe shortage of properties.
4. Government financial stimulus and flexibility from the banks during the Coronavirus hibernation will help prop up property values.
5. It is a good time to be looking for opportunities when others are running scared.
Auctions are continuing Online. If you are bidding Online, it is important you have a proven auction strategy and be well advised, because unlike on-site auctions you can't see who your are bidding against.
TBAS® Buyers Agents are continuing to inspect, bid at auction Online and purchase properties for their clients. For more details contact us.
