Known in the animal kingdom as ‘the culling’, a natural process whereby an animal experiences an unfortunate circumstance leading to their demise. More often experiencd by the young, weak and aged. Here now are four such scenarios amoungst property owners, in the real estate industry where owners are compelled to sell in 2023.

1. Development Sites: With their development approval (DA) in hand from the local city council, they know that the deal no longer stacks up to commence construction. They are have decided it is better to on-sell the Land with the DA at a discount, rather than the morgagee financers sell them for far lower values. 

2. Deceased Estates: Beneficiaries who bought real estate before the ailing health of their loved one actually dying and now face increasing holding costs (or) beneficiaries who refused to sell their inherited house at the top of the market and have now decided to sell but are needing to wait the up to six month legal processing and the added up to six month renovation to sellable condition period, prior to sale.

3. Downsizers: owners who must sell due to circumstance. With a priority to sell their property with out the drama of an auction and prepared to offer buyers flexible finance terms at a below market value.

4. Distressed Properties: where owners have paid too much at the height of the market and now believe prices will not rise in-line with interest rate rises.

Unfair? Yes! Natural? Yes!

Brought to you by VALUERR.