While we trust the media to bring us up-to-date, trustworthy news on everything from current affairs to entertainment, it can sometimes get a little carried away.
When it comes to property, the media can sometimes take one of two views. Either the market is booming with mind blowing sales, or it’s slumping towards a crisis point that’s set to derail the economy.
In other words, it can tend to exaggerate the facts and cherry pick data to sensationalise what’s actually happening in the current property market.
It’s not just the media that does this though. Property reports that are highly publicised often present data in a way that shocks and awes us into thinking that it’s a good or bad time to buy.
If you’ve read tens of articles and watched a number of news bulletins offering conflicting voices and ideas, it can become extremely overwhelming, whether you’re thinking of buying or selling.
Make sure to do your research to figure out which news outlets you can trust and which property reports are the most transparent. Talking to experts in the field is a great way to decipher what’s actually happening in the market.
From mortgage brokers to buyer’s and selling agents, it’s a good idea to have a chat to professionals who are heavily involved in the industry and know first-hand whether the market is struggling or not.
In most cases, there will always be buyers on the hunt. Those wondering whether it’s the right time to sell should consult the experts over the media and ask their local agents what the buyer sentiment is in the local area.