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How do I find the best time to buy and sell....?
A great tool is to use historical graphs.
You will find them on RP DATA. (want the cheapest deal on RPDATA super low email me)
also get a quick view here http://www.rs.realestate.com.au/cgi-bin/rsearch?a=sp
Now click the link and see what the DEMAND and SUPPLY levels are during this year and you
can get a judge on what will happen at the beginning of next year.
Negotiation on a price of a property can only happen if demand is low.
So find out when demand is low and are there are more properties on the market then buyers.
Use graphs like the ones below by clicking on the Supply and Demand tab.
For example lets look at effects of the weather. A beach suburb during summer will change dramatically and inner suburbs will trend to do something totally different.
Find out what areas are in demand and especially historically.
When are there less buyers?
My best buy yet was bought during December . Because all the buyers are on holidays or looking at the beach suburbs instead of the inner city suburbs.
Also reno's are best to buy in DECEMBER and JANUARY.
WHY? Because RENO's mean WORK and during holiday time those 2 words don't go well together with the word HOLIDAY. But for me I am thinking BUY RENO and SELL after holidays finished.
Now look at below demand and supply ratios. Guess what trends might be present at these times.
Good time to buy or Good time to sell.
Look buyers to sellers ratio!
If people looking Demand in Green is below Supply Blue. GOOD TO BUY
But if the opposite and Green is higher then Blue. GOOD TO SELL
These are Sydeny Suburbs ........
look Jan and then look Feb
BUY Jan .......dont't buy FEB......
if you get RP DATA you can go even deeper and get more details.
Inner City suburb!
And again beach suburb!