Looking for your new #home? Our #agents will be welcoming you through the following #properties this #Saturday 2 July:

JUST LISTED: A delightful double front residence in a quiet locale - 75 Ferris Street, Annandale features 🛏3, 🛁1 and comes with a private back courtyard for entertaining. For more information or to arrange an inspection time, contact our office on (02) 9818 2133. In the meantime, step inside: https://bit.ly/75FerrisSt

JUST SOLD! 🤝 - 33 Wrights Road, #Drummoyne has sold with #HarrisPartners after a very successful sales campaign! #Congratulations to our wonderful #clients and the lucky #purchasers. Well done to agents #peteromalley and #gavinfreidin on a great campaign! If you would like some more #information or a #marketappraisal on your #property, contact the Harris Partners team on ☎️ 02 9818 2133!

Are you looking for your next home? Find out where our agents will be tomorrow, Saturday June 25th:

Harris Partners' Peter O'Malley recently sat down to discuss the the Sydney property market with 2GB's Chris Smith on the Domain Open House segment. Listen as they discuss the rental & sales market, and what the market can expect as we head into the second half of 2022...

JUST LISTED: A magnificent Victorian residence in a prime locale - 8 Dock Road, Birchgrove features 🛏3, 🛁1 and comes with stunning city skyline views. For more information or to arrange an inspection time, contact our office on (02) 9818 2133. In the meantime, step inside: https://bit.ly/8DockRoad

JUST SOLD! 🤝 - 34 Thomas Street, #Darlington has sold with #HarrisPartners after a very successful sales campaign! #Congratulations to our wonderful #clients and the lucky #purchasers. Well done to agents #peteromalley and #gavinfreidin on a great campaign! If you would like some more #information or a #marketappraisal on your #property, contact the Harris Partners team on ☎️ 02 9818 2133!

Looking for your new #home? Our #agents will be welcoming you through the following #properties this #Saturday 18 June:

The Sydney property market and the economy at large have faced unprecedented challenges in the first half of 2022. As we came into 2022, the housing market was booming with prices having risen 26% last year. Now 6 months into the year, and house prices are falling in many parts of Sydney. In this interview. Australia’s best property analyst Louis Christopher joins Harris Partners' Peter O'Malley to break down the factors impacting the current market. Louis covers off: The impact of the Ukraine/Russia conflict on inflation The role inflation is playing in the current market The outlook for interest rates The rebound in the rental market and The surprising resilience of the apartment market in 2022 and plus much more...

The Sydney property market and the economy at large have faced unprecedented challenges in the first half of 2022. As we came into 2022, the housing market was booming with prices having risen 26% last year. Now 6 months into the year, and house prices are falling in many parts of Sydney. In this interview. Australia’s best property analyst Louis Christopher breaks down the factors impacting the current market. Louis covers off: The impact of the Ukraine/Russia conflict on inflation The role inflation is playing in the current market The outlook for interest rates The rebound in the rental market and The surprising resilience of the apartment market in 2022 Plus further insights...

The latest market wrap is available now. Check it out via https://bit.ly/MarketWrap160622

The dynamics in the property market have shifted quickly. Clearance rates were near perfect to begin the year, but have slumped to 40% since the RBA changed their position on interest rates. Vendors and buyers are well advised to shift their respective strategy accordingly too. In fairness, one does not need to tell buyers to factor in a market shift, their mortgage broker or bank manager has probably already advised them via revised loan terms. Buyers are experiencing very different mortgage conditions compared to the 2021 boom. At the beginning of June, The Australian newspaper reported, ‘The prudential regulator has warned that Australia is entering a “very different” housing environment compared to the last decade, with borrowers coming off ultra-low fixed rates facing a possible repayment shock and negative equity in their homes’. At the end of every boom, unfortunately there are sellers who misjudge the market, and decline an offer that they ultimately regret rejecting. Selling for less than you have previously rejected is one of the real estate game’s harshest lessons. Below is an extract from the best selling book Inside Real Estate that will offer some guidance on when and how to play the offer. 𝐇𝐨𝐰 𝐭𝐨 𝐣𝐮𝐝𝐠𝐞 𝐚𝐧 𝐨𝐟𝐟𝐞𝐫 Deciding whether to accept or decline an offer can be the most challenging of times for owners. There is no rulebook to follow on how to play the offer scenario when it arises. It leads back to a simple question with a complicated answer – how do we extract the best price without losing the buyer? There are some principles that will help guide you through the process. 𝗠𝗮𝗿𝗸𝗲𝘁 𝗣𝗿𝗶𝗰𝗲 What does the recent sales evidence suggest? As the seller, you may have a target number in mind, however how does that number compare with comparable recent sales? Does the offer seem fair, high or low? Once you have established this very simple rating on the offer at hand, you will have a clearer view on how to handle the negotiation. Never base your response to an offer on the asking prices/price guides of other unsold listings. Remaining calm, logical and unemotional during a negotiation is crucial to making the right call. 𝗖𝗼𝗻𝘁𝗲𝘅𝘁 Many sellers ask hypothetical questions before putting their home prior on the market. Questions such as ‘What should we do if someone offers $2,000,000?’ or ‘What do we do if we get an offer in the first week?’ These questions can only be answered in context of the campaign. An offer should rarely be judged against time on market. The digital age has made marketing real estate an almost instant process. An offer should be judged against the feedback of other potential buyer’s feedback and interest. If the first buyer on the first day makes an offer on your home, yes, this can be a very tricky situation. In reality, you cannot really plan in advance on how to play the actual offer. The offer needs to be handled in the context of the campaign. 𝗙𝗼𝗿𝗺𝗮𝘁 There are three basic formats in which an offer can be made. Verbal, written and contractural. Whenever an offer is made, remember - verbal and written offers are non-binding. Only a signed contract with a deposit cheque can be considered truly genuine. If you accept a verbal or written offer that crashes, it’s best to consider it a non-offer as you proceed, to avoid making mistakes when assessing future offers. Be wary of the high verbal offer – easy come, easy go! 𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝗼𝗻 If you are fortunate enough to have multiple buyers for your property, the whole equation becomes easier. Before becoming complacent about having multiple buyers, satisfy yourself that they are genuine buyers. To decline a contract offer in favour of non-binding verbal one can put your campaign into a tailspin. Once a contract offer has been made, it’s best that all competing offers are submitted on a contract. Any buyer promising to pay more without signing a contract should be played cautiously. 𝗡𝗼𝗻-𝗽𝗿𝗶𝗰𝗲 𝗔𝗴𝗿𝗲𝗲𝗺𝗲𝗻𝘁𝘀 Value for both parties can be created away from price. These potential agreements that add value for both parties are worth exploring if the offer is close to being acceptable. Issues such as delayed (or early) settlement, release of deposit, lease back, reduced deposit or inclusions can bring a negotiation together. The more a real estate negotiation becomes about price, the less goodwill remains in place. If you are horse trading on terms, always remember to take a concession if you give one. 𝗣𝗿𝗲 𝗼𝗿 𝗣𝗼𝘀𝘁 𝗗𝘂𝗲 𝗗𝗶𝗹𝗶𝗴𝗲𝗻𝗰𝗲 The pre-due diligence offer catches many sellers unaware. They accept the verbal or written offer and mistakenly think the property has sold. Suddenly, the building inspection brings up a raft of issues that causes the buyer to reconsider, or the buyer’s bank values the property lower than the agreed amount, scuttling the deal. Any offer that is made prior to due diligence must be considered an expression of interest rather than a formal offer. 𝗧𝗵𝗲𝗿𝗲 𝗔𝗿𝗲 𝗡𝗼 𝗥𝘂𝗹𝗲𝘀 There are no rules around the governance of making, accepting and/or rejecting an offer. The property is not sold or purchased until contracts have exchanged unconditionally. It’s common for the seller to ask the agent ‘How long do we have to consider the offer?’ An offer is an offer until the owner countersigns a buyer’s unconditional contract or the buyer withdraws from the negotiation. It’s a mistake to think a buyer will leave the offer on the table for a prolonged period whilst the owner chases a better offer. Complacency can bite during a negotiation, particularly in a fragile market. If you do reject an offer, it’s worth noting that declining an offer does not guarantee a higher offer being made in the future. 𝗧𝗵𝗲 𝘁𝗼𝘂𝗴𝗵𝗲𝘀𝘁 𝗼𝗳𝗳𝗲𝗿 𝘁𝗼 𝗮𝗰𝗰𝗲𝗽𝘁 𝗶𝘀 𝘁𝗵𝗲 𝗼𝗻𝗲 𝘁𝗵𝗮𝘁 𝗶𝘀 𝗹𝗼𝘄𝗲𝗿 𝘁𝗵𝗮𝗻 𝗼𝗻𝗲 𝘆𝗼𝘂 𝗽𝗿𝗲𝘃𝗶𝗼𝘂𝘀𝗹𝘆 𝗿𝗲𝗷𝗲𝗰𝘁𝗲𝗱.

Looking for your new #home? Our #agents will be welcoming you through the following #properties this #Saturday 11 June:

The latest market wrap is available now. Check it out via https://bit.ly/MarketWrap09062022

The latest issue of #realestatereport is available now at https://bit.ly/RERJune174, covering advice and commentary you won't find anywhere else. The dynamics in the property market have shifted quickly. Clearance rates were near perfect to begin the year, but have slumped to 40% since the RBA changed their position on interest rates. Our feature article this month gives an insight on when deciding to accept or decline an offer. Many first-time investors are caught out when they purchase an investment property. The reason being the yield is simply miscalculated in many cases, leaving the new investor having to find additional finances in order to cover the mortgage repayments. Read more on Page 2 how all depends on what basis the yield is based on. The gross yield, or the net yield? The property market is feeling the full effects of increasing interest/mortgage rates. Combined with 5 months of near relentless rain, many prospective vendors find themselves wrestling with the decision of whether to sell in winter or wait until spring this year. Is there a window of opportunity? Page 4 will show you the differences of selling in spring vs winter. Read more via https://bit.ly/RERJune174

JUST SOLD! 🤝 - 313/1 Missenden Road, #Camperdown has sold with #HarrisPartners after a very successful sales campaign! #Congratulations to our wonderful #client and the lucky #purchaser. Well done to agents #simoncoates and #joeaddabbo on a great campaign! If you would like some more #information or a #marketappraisal on your #property, contact the Harris Partners team on ☎️ 02 9818 2133!

Looking for your new #home? Our #agents will be welcoming you through the following #properties this #Saturday 4 June:

The latest market wrap is available now. Check it out via https://bit.ly/MarketWrap2062022

JUST SOLD! 🤝 - 17/12 Leichhardt Street, #Glebe has sold with #HarrisPartners after a very successful sales campaign! #Congratulations to our wonderful #client and the lucky #purchaser. Well done to agents #peteromalley and #simoncoates on a great campaign! If you would like some more #information or a #marketappraisal on your #property, contact the Harris Partners team on ☎️ 02 9818 2133!

JUST SOLD! 🤝 - 42 Cecily Street, #Lilyfield has sold with #HarrisPartners after a very successful sales campaign! #Congratulations to our wonderful #client and the lucky #purchaser. Well done to agents #peteromalley and #alanawilliams on a great campaign! If you would like some more #information or a #marketappraisal on your #property, contact the Harris Partners team on ☎️ 02 9818 2133!

Looking for your new #home? Our #agents will be welcoming you through the following #properties this #Saturday 28 May:

The latest market wrap is available now. Check it out via https://bit.ly/MarketWrap26052022

QUOTE OF THE DAY #harrispartners #harrispartnersrealestate #innerwest #sydneyproperty #sydneyrealestate #property #sydneyhouses #buyingproperty #realestateagency #innerwestsydney #sydneyhomes #houses #outdoors #sydneylife #patriley #goals #realestate

FOR SALE: Charm, space and lifestyle on 556sqm - 42 North Street, Marrickville features 🛏4, 🛁1, 🚗3 and comes with a deep and private back garden with an expansive level lawn. For more information or to arrange an inspection time, contact our office on (02) 9818 2133. In the meantime, step inside: https://bit.ly/42NorthStreet

Looking for your new #home? Our #agents will be welcoming you through the following #properties this #Saturday 21 May: