SoldOne of the most important factors that to determine if a property gets sold or not.

As a real estate professional, I will help you to predict and analyse what most buyers will be willing to pay for at the particular point of the market condition if the property goes on sale.Β This is known as the FAIR MARKET VALUE. The old adage says “There will always be a buyer for every home – at the buyer’s price“.

Three major factors to determine how your property should be priced.

  • The property’s condition.
  • The current real estate market and economy.
  • Recent transactions in the area and current units available for sale.

Should you price above fair market value and hope for an offer?
Please do be distracted by the agent who promises sky high prices for your property if you engage him. It could turn out to be a very costly mistake. If you are serious about selling your property, it should never be priced above the fair market value.

  • The golden period during the first 30 days will be wasted.
  • Help to convince buyers that other fairly priced properties are a better buy as compared to yours.
  • Showflat for buyers to compare a overly priced property to a fair priced property.
  • End up showing the property to the wrong group of buyers. For example, if your property is worth $1m but you decided to sell at $1.5m, you would be trying to compete against the fairly priced properties that are worth close to $1.2m. How would a $1.5m property compared itself against a $1.2m property? Why would buyers want to buy something that is overly priced in the market?

Helpful tips
A serious seller would price his property correctly in the beginning so that he would not end up selling at an even lower price.