Relisting for sale: Vendors change their approach as Melbourne house prices drop

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As the Melbourne housing market weakens some home owners are dropping their asking prices or making minor updates in preparation to relisting properties that had previously failed to sell. Wendy Chamberlain has spoken to The Sunday Age regarding this topic.

“I’ve been seeing this for the past 12 to 18 months where an agent will have a property on the market and they’re trying to sell it for an unrealistic price because that’s what the vendor wants, they [over]cook the campaign and what the vendors do is blame the agent. [Then they] change their agent – and put it back on the market for a more realistic price.”

Wendy discussed that unrealistic vendors could end up paying thousands of dollars in marketing fees for very little. In one instance, a vendor paid $8000 for marketing their home in Ascot Vale that didn’t sell and it’s now being offered off-market.

Read more here. 

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Wendy Chamberlain from Chamberlain Property Advocates

By Wendy Chamberlain
Copyright 2019 | All Rights Reserved

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With a passion for all things real estate spanning over 20 years, Wendy loves that her role as a Buyers Agent and Sellers Advocate gives her buying and selling clients an experienced voice they can trust when it comes to negotiating to buy or sell something as important as their home or investment. Wendy considers it a privilege to be asked to help others realise such an important goal as home ownership and to be trusted with that honour. Get in touch today via www.wendychamberlain.com.au for a no obligation chat about how Wendy can work with you and help you save time and money to secure your new home sooner.