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What sellers can control in a shifting market

Profile photo of Andy Webb,  Editorial Writer at OpenAgent

Written by 

Andy Webb.

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There's no shortage of market factors that sellers have absolutely no say over. Interest rates, inflation, global economic uncertainty, consumer confidence — these forces shape the environment you're selling into, and none of them are yours to influence.

But here's what is within your control: the agent you choose, the price you set, the condition your property goes to market in, and the campaign strategy behind it. In a strong market, these decisions matter. In a tougher one, they're the difference between a result you're happy with and one you're not.

Here's how to get each of them right.

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Choose the right agent

In a rising market, most well-located properties attract plenty of interest regardless of who's selling them. When conditions tighten, that changes fast. 

The gap between a well-connected, active agent and one who's coasting on a strong market becomes very real, very quickly.

Daniel Ellem, sales manager at Illawarra Estate Agents in Wollongong, put it plainly.

"When the market's good, anyone can sell properties. When a market starts to turn, you've got to go to agencies that have a number of sales staff that are out there working the ground every day, every weekend, talking to buyers," he said.

What you're looking for is an agent with genuine, current knowledge of your local market — someone who is actively transacting, not just listing. Mr Ellem's test is a simple one: "If they're not selling from week to week, they're not keeping up with the current market."

Beyond recent sales, look for an agent who gives you an honest appraisal rather than an inflated one, explains their strategy clearly, and has an active database of buyers already looking in your area. 

Our guide to interviewing real estate agents covers the key questions to ask before you sign anything.

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Price it right from the start

Overpricing is always costly. In a softer market, it's punishing. 

A property that sits on the market too long attracts suspicion from buyers, loses momentum, and ultimately gives buyers more leverage to negotiate downward, often to a price lower than a realistic listing would have achieved from the outset.

John Costanzo of Woodards Carlton in Melbourne has seen this pattern play out repeatedly. "If a property is worth $1 million and you're wanting $1.2 million, you're going to be sitting there for a long time," he said.

Base your price expectations on recent comparable sales in your area, not on what similar properties fetched six or twelve months ago, and not on an appraisal that flatters rather than informs. 

As Tristan Tomasino of Buxton Inner West in Melbourne puts it: "Vendors just have to do their research on what's sold around their area recently that's similar to their property and base their price off that."

One often-overlooked strategy is working with your agent to approach their buyer database before going to the full public market. 

An off-market or pre-market campaign lets you test genuine interest from qualified buyers, gather honest feedback on pricing and presentation, and dial in your strategy before the clock starts on your public days-on-market count. Even if no offer emerges, the intelligence is invaluable.

To start getting a clearer understanding of what your home could sell for, check out our guide to finding out what your property is worth.

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Present your property at its best

In a market where buyers have more choice, the gap between a well-presented property and an average one becomes more pronounced. When stock was scarce, buyers were more willing to overlook shortcomings. With more options available, they simply don't have to.

"Presentation is key," said Mr Costanzo. "If you're out there competing with other properties, yours has got to be the standout one in the same price range."

The fundamentals haven't changed: declutter thoroughly, address any deferred maintenance, freshen up paintwork, attend to the garden and street appeal, and ensure your home is photographed professionally. 

As Anthony Cimino of Inner Real Estate in Melbourne noted, "Presentation is the number one thing that sells property. It starts from photography for the online listing, to when people come and inspect."

For sellers considering professional staging, the investment tends to pay for itself in buyer engagement. 

Lauren Lewis, creative director at Sydney staging firm BOWERBIRD Interiors, explains why: "Creating that emotional connection is really key in converting a browser to a buyer because it helps them to visualise themselves living in the house."

Our guide to preparing your home for sale covers the full checklist in detail.

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Run a smart campaign

Your campaign strategy, meaning the method of sale, the marketing reach, and the timing, is something you shape in collaboration with your agent. 

Getting it right means playing to your property's strengths and your local market's conditions, not defaulting to whatever approach feels most comfortable.

The right method of sale depends on your buyer pool. An auction works well when genuine competition exists between multiple buyers. Private treaty gives more control over price and timing and can be the better fit in quieter conditions. 

Your agent should be able to make a clear case for their recommendation based on what's actually working in your area in the current market. 

Whatever method you choose, resist the instinct to pull back on marketing reach. Well-presented, well-marketed properties still attract serious buyers in any conditions. Those that skimp on marketing simply give buyers less reason to show up and less reason to compete. 

Once your campaign is live, maintain a regular dialogue with your agent about buyer responses and be willing to adjust if the signals warrant it.

For a detailed breakdown of the pros and cons of each method, our guide to auction versus private treaty is a useful reference.

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Focus on what's yours to own

The market will keep doing what markets do. Right now, that may mean conditions are genuinely challenging in some parts of the country. But the sellers who achieve results they're satisfied with won't necessarily be the ones who waited for conditions to improve. They'll be the ones who made smart decisions across the things they could actually control.

Find out what your home might be worth as a starting point, and compare top agents in your area to find the right partner for your sale.

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