Sell with Confidence
Read More
News

Go Local in 2024

By Hayden Groves

In a hot market, finding a buyer for just about any piece of real estate is considerably easier than in a comparatively slower market. Knowing this, some sellers are inclined to list with agents known to them by association rather than choosing local practitioners. Caution is advised when taking this option.

Most agents, local or not, will promote their property listings via the well-known portals and by targeting the largest of the buyer groups; the active “unknown” buyer, via this method will probably find a buyer in this market. The other major buyer groups can be described as the “active known buyer”, those the agent have on a data base and the “latent buyer”, those buyers not actively looking but may be tempted to buy after seeing a particular property advertised.

It’s these remaining buyer groups that sellers miss out on when listing with out-of-town agents. Latent buyers are often attracted by large colour press adverts where only local agents advertise (such as those found in the Herald), whilst known buyers respond best to direct contact from local agents where they’ve registered their buying requirements; something missing from non-local agents’ data bases.

Bear in mind most buyers are local folk moving about within their immediate neighbourhood. Local Fremantle agents report that 68% of their buyers come from within the localities of Cockburn, Melville
and Fremantle and East Fremantle.

Given that the majority of buyers are locals then it makes sense to target property marketing locally and thankfully, the nature of the world-wide-web captures everyone else. It follows that sellers benefit from gaining access to a local agents’ network of would-be buyers and data base of active known buyers.

There are, therefore, tangible benefits in using the services of a local agent when selling property. Every area has a uniqueness punctuated with subtle nuances that an out-of-town agent can easily miss, and buyers are usually more comfortable relying on the expertise of the local agent. Local agents are familiar community faces most of whom enjoy a positive reputation that, in turn, boosts a buyer’s confidence in the accuracy of the information the agent provides.

In the new year, if you are thinking of selling in the Greater Fremantle area, it is in your best interests to choose an agent that is inherently and thoroughly local.

Up to Date

Latest News

  • What’s Next for Property Markets?

    Predictions of how property markets are likely to behave into the future are always risky, especially if people rely on them. You’d want to be pretty certain the predictions will play out in the manner forecast or risk the livelihoods of those that make real estate decisions predicated on such … Read more

    Read Full Post

  • Waiting on Spring to Sell?

    During the winter months, when market conditions can flatten out, vendors often choose to hold off on their selling plans until spring when both gardens and moods improve. In a balanced market, this can be a reasonable strategy; an attractive garden can add genuine value to a property and there … Read more

    Read Full Post