Episode 18: Frank Valentic - Knowing the Difference Between a Buyer's Market and a Seller's Market

Frank Valentic, from Advantage Property Consulting, sets us straight on how to know when we are in a buyer's market and a seller's market.

 1. How do we know it’s a seller’s market?
2. How do we know when it’s a buyer’s market?
3. Is there a middle ground where both buyers and sellers can take advantage of the marketplace?
4. Are there different markets happening in different suburbs, or styles of properties going on at the same time? Like apartments might be slow to sell, but family homes are having run away auctions?
5. What are the best ways buyers and sellers can take advantage of the market that’s in their favour?
6. Cindy from Richmond has found a gorgeous 2 bedroom apartment that she just has to have. But every time she’s inspected it (and yes, she’s been to every single open for inspection), she’s seen at least 2 or 3 people looking at the contracts that have been displayed on the kitchen bench. She’s worried she’s going to have too much competition, but she loves the apartment so much, she’ll do anything to get it. What’s your advice on buying it at auction versus putting an offer in prior?
7. If you need to sell in a buyer’s market, what would be your recommended method of sale?
8. Sometimes you hear people say ‘the market is going to be better next year, or i’d better sell now as it’s going to do a turn next year…’ what is your advice on people trying to time the market?
9. How do you assess if the market has peaked or bottomed out?

Offer: Frank will offer a 10% discount off his buying advocacy, vendor advocacy or property management fees, to one lucky listener who likes, shares and comments on our Facebook or Instagram link.