As a vendor, you want to get the highest possible price for your property. However, setting an unrealistic price will deter buyers. The value of your property can depend on factors such as:
– The state of the market
– Current interest rates
– The type of property
– The sold prices of similar properties in the area
Ultimately the market will decide what it is prepared to pay, but you need a realistic starting point. Experienced local real estate agents can provide the best indication. There are 2 ways to value a property:- 1) As above this is known as comparitable or recent sales similar, though not all homes are the same. 2) Emotional aspect. This can be sometimes harder to value. Emotional can be views, proximity to schools or local conveniences, layout of home and sometimes close to relatives and friends.
At Acru property we can can understand what your property is worth. You can start by getting a our free suburb report and your free e-book on how to sell your home in today’s market. A good idea if you are able, before you put your property on the market, is to attend local open for inspections and auctions – details can also be found in the book and through our blogs. If you are confused by the range of different values that agents suggest your house is worth, you can always commission a Licensed Real Estate Valuer to provide a truly independent valuation.