Do you know how much your property is worth? Of course as a vendor your main goal is to get as best price as possible for your home. It is important to keep this figure realistic in order to encourage buyers. An unrealistic price will only put off potential buyers and make it difficult to sell your property in the long run.
There are many factors to take into consideration when determining the value of your property. Firstly, you need to look at the state of the market. Are properties selling and what are they going for? Are the selling prices unusually high or drastically low? To an interested buyer needing to borrow money to make their purchase, interest rates are important, so be sure the check out the current interest rates. Look at the type of property you are selling whether it be house, unit, land etc and take into consideration your location. Are you close to the city, public transport, good schools? Lastly do your research and investigate how much similar properties in your area have sold for.
In the end the market will determine what potential buyers are willing to pay for your property, but it’s always a smart move to start with a realistic goal. If you are still confused over how much you should be asking for your home? Feel free to contact us and we would be more than happy to offer you a valuation. As agents we understand the market and what your property is worth. We’re more than happy to guide you in setting a starting price you will be happy with.
You can contact us for an appraisal of your property here