Moving Into the Real Estate Market As a Prospective Buyer

Written by Posted On Tuesday, 05 May 2020 16:33

The real estate market is one of the most consistently thriving industries in the entire world. While of course the industry goes through its trials and tribulations (as is the case with any other industry around the globe), this is an industry that, like it or not, is solely responsible for getting individuals around the globe in and out of residential properties and the like. For the longest time (pretty much since the industry was first introduced, in fact), the real estate industry has been evolving and shifting from one revolutionary phase into the next.

Right now, the real estate market (like the rest of the world, for that matter) is going through yet another change, perhaps its biggest in upwards of at least twenty years (if not longer). The ongoing global Coronavirus pandemic has forced every industry to change in at least one way, and the real estate industry is no different. It has never been so important to be aware of what the current real estate landscape looks like and what you can expect if you are involved in the industry in any capacity, no matter where in the world you might be.

Getting advice as a prospective buyer

As a prospective buyer, for instance, it is safe to say that you are likely to receive plenty of advice as you approach entering the market. This is especially true now, given the exceedingly unstable nature of the market at the moment amid the ongoing pandemic. For all the advice in the world, there are only a few pieces of it - and a few places it comes from - that you should take more seriously than a grain of salt. Doing your own research and figuring the process out for yourself by educating yourself on how the current position of the market impacts you as a prospective buyer is your best chance.

The real estate market right now

The real estate market right now is experiencing an inclination of advantage towards buyers as prices of listed properties continue to drop as economies around the globe struggle under the weight of Coronavirus. Whether a property a buyer is interested in is built overlooking the water or a mountainscape or has eco-friendly windows and doors (to name a few examples of some features that have, in the past, driven up the value of properties significantly), the entire market is experiencing price falls. At the moment, this is of distinctive advantage to you as a prospective buyer. And most importantly, the market will not certainly stay like this forever.

How the current market impacts you

If you are looking to even step into the real estate market as a buyer, then right now is a great time to at the very least look into buying. There is a lot to be said about knowing how the current state of the market at any given time impacts you, regardless of your position within the market at the time. Right now is a great time to look at properties and consider making your move into the market, as the scales are tipped decidedly in your favour right now and there is no way of definitively knowing how long this will ring true.

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Craig Lebrau

Assistant Director (Landed Property) for Mourne Property Co. (Sydney) from 2001-2015. Founded and led Lebrau Estate Agents from 2015 until now - a boutique real estate firm serving private buyers.  

I prefer not to disclose social profiles as they delve into my personal life, however please feel free to get in touch via email at

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