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Knowing When To Pause
Agenda free insights
Welcome to Property Hack!
Beyond the Listings: Real Stories in the Property Space đź’ˇ
Slow and steady: Selling during a pandemic and a relocation to a hot regional market. This couple comfortably paused and regrouped in the face of various challenges.
Snippets: Floating houses for climate change. Intergenerational living for seniors and students.
Let’s go!
Slow and steady: Finding the right moments to pause
Meet Michael and Sarah, a couple whose calm approach to selling and buying worked in their favour.
After twenty years in their city beach home, increased development, traffic and noise all helped influence their decision to try out a regional move.
However, as their property came onto the market, a pandemic was impacting the globe.
Covid restrictions meant stricter conditions on property inspections.
Six weeks passed by with quiet home inspections and no offers.
Winter approached and they made the decision to wait it out over the cooler months. A breather to the weekly tidying and packaging up the house.
Pausing and re-listing in the spring worked in their favour. Restrictions had eased and interest rates had gone down significantly.
A hot market was now underway across a number of regions.
The first home inspection was held on a Saturday. By Tuesday, they had an offer.
Read the full story here
Relocation relocation
As cashed up sellers, they felt they had time on their side. However a moving hot property market caused some panic - were they soon to be priced of their regional area?
Nothing came up that was right for them. Rather than rushing into something they may later regret, they kept to a firm criteria of what they needed and what they would avoid.
Continue here
Join us for part two in the next issue - how Michael and Sarah purchased their home directly from the sellers, without it ever hitting the market.
Snippets
Intergenerational living - Countries are exploring a multifaceted housing solution, that can support both students and seniors.
Floating houses - With the impact of climate change, floating neighbourhoods are being explored.
Quote for the week:
"For fast acting relief, try slowing down."
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Have a great one!
Sam & Jane
The Property Hack Team
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Information in this newsletter is general in nature and not advice. Undertake independent research and seek trusted professionals. Names are changed for privacy.