The Forgotten First Home "Sellers"

First Home "Sellers" - What this market means for you and all sellers

There has been lots of hype surounding first home buyers and what the current market conditions mean for them. Often we tend to forget the first home sellers and all sellers in general, what does all this mean for them?

This message really is for anyone thinking of selling or trying to sell.

Definition
Basically, first home sellers are the first home buyers of around 5 - 7 years ago. Since these people bought their first home they have had job promotions, had children, bought pets, have an extra car etc. Often they need more space and just generally feel that they want to "graduate" to the next level of home ownership. In order to do this they usually sell their current home.

A message to all the First Home Sellers
First home buyers are out there with massive Govt. assistance and they're just itching to buy, and they want to buy your home. Why? because it's probably going to fit into their budget. You probably bought your first home from a first home seller 6 or 7 years ago. This is a natural property cycle and can be seen as a "property ladder", everybody jumps to the next rung at some stage.

So what's all this got to do with anything?

Well, if you're thinking of selling this is a great time to do so because there are so many first home buyers out there looking to buy. So in effect the Govt. assistance for first home buyers is not only helping them, it's helping you first home sellers too. If you own a home that's in a low to mid level price bracket and you're thinking of selling now is a great time to do so, the buyers are out there.


What about second, third & fourth time home sellers?
This is great for you too. Just like the rungs of a ladder everybody wants to jump up a rung. So when first home buyers get into the market they actually "kick start" a domino effect where people sell in order to jump up to the next rung. Those who sold to the first home buyers will want to buy up a rung and so on... am I making sense? I hope so.

Simply put it is a great time for anyone who is thinking of sellng. If the first home buyers are active the market in general will be active.

Guess what, every first home buyer in Australia has been offered a $14,000 incentive to buy. You can't get more active than that.

For any advice selling or buying - Halliwell First National Real Estate

www.halliwellfn.com.au
(03) 6424 1496

Alan Halliwell - Director