Sinnamon Park is outperforming the State of QLD

I was recently reading an article on the REA website* which asked the question, “Is Sinnamon Park the tortoise of the hare in the property race?”

You will be pleased to know it is ‘The Hare’

I often get asked from my clients, “How long do you think it will take to sell our home?”  Fortunately, my presentation and ‘One on One’ discussions cover off on this point extensively and I have always had a general rule that most properties should sell within 6 to 8 weeks.  In fact, I believe it is around the 4 to 6-week mark of well executed campaign where you really start to ascertain what the true market value of a property is.

Now I have seen a lot of Real Estate Agents in recent times sprouting and touting that they are ‘Selling’ homes within a week or two, sometimes within days.  However, I am not sure that is an accurate depiction of what I would consider ‘The Norm’.  More on that later in this blog…

To get back to Sinnamon Park and it’s ‘Hare’ status, based on the research conducted by REA Group, Sinnamon Park has the following time on market statistics:

Sinnamon Park (statistics as researched by REA Group)

I raise the following points:

• I am pleased to report, Sinnamon Park is outperforming the State of Queensland by 11 days; &
• I’m also very pleased to say, my own individual sales statistics for Sinnamon Park as follows:

Scott Gemmell Sales Performance (Sinnamon Park)

The quick sale:

I mentioned above that we are seeing a lot of propaganda and trumpet blowing from Real Estate Agents who are apparently selling homes within a week or two or even days.  At times this is quite concerning to me for the following reasons:

1. If you sell in the first week have you really tested the market and maximised the properties price point?
2. Is it in the interests of the Seller or the Agent to obtain and lock away that quick sale and Commission?
3. Did you implement the right strategy if it only took a few days to sell your home?

Now after 14 years or more of Real Estate, admittedly, there are certainly times when I have sold a property in less than 2 or 3 weeks.  In fact, I have SOLD some homes before they even hit the market but on every occasion I did give the Sellers advice that they should still go to market.  However, if the price offered is just too good to be true and/or it is over and above the appraisal range exceeding all expectations, then of course grab it and run BUT have you implemented the right strategy?  This is something I cover extensively when discussing what is the best option for my Clients’ home prior to listing and launching any property.

Experience, Marketing, Negotiation and Strategy is what modern Real Estate is all about.  We are seeing a lot of ‘D.I.Y’ and cheap ‘Flat Fee’ Real Estate models entering the marketplace and I realise they will have their place, but you have to ask yourself: ‘What sort of agent is working for these groups when they could be earning double or more with traditional agency?’  Perhaps that is for another blog…

That is why I provide a service that focuses on ‘Results driven Strategies’ and as a result I just happen to ‘Sell great Properties’.

Scott Gemmell
Director/Licensed Agent/Auctioneer

*the research contained within was obtained from an article written by Emily Hutchinson on 17 May 2018 and you can find the link here: https://www.realestate.com.au/news/is-your-home-the-tortoise-or-the-hare-in-the-property-race/?suburb=sinnamon%20park&postcode=4073&state=qld&rsf=edm:nl:buy:a1