When setting a price for your property, the listing level must strike a balance between the seller’s need to achieve the best-possible return and the buyer’s need to get good value. With many years of experience, as professional Real Estate Expert, I can help you set a price that will accomplish both objectives !
Establishing market value : The market value of your property is determined in exactly the same way as any other commodity – what a buyer is willing to pay for it in today’s market. Despite the price you paid originally, or the value of any improvements you may have made, the value is determined by market forces.
Look at the competition : Buyers look at about a dozen properties on average before making an offer on a property. As a result, they have a good overview of the market and will compare your property against the competition. If it’s not in line with similar properties that are available, buyers won’t consider it good value for money.
Looking at similar homes that are currently offered for sale, I can assess the alternatives that a serious buyer has from which to choose. I can also be sure that we are not under pricing your home !
Looking at similar homes that were sold in the past few months, we can see a clear picture of how the market has valued homes that are comparable to yours. Banks and other lending institutions also analyze these sales to
determine how much they can lend to qualified buyers.
Looking at similar homes that failed to sell, we can avoid pricing at a level that would not attract buyers.
The aim of a market analysis is to achieve the maximum selling price for your home, while being able to sell
your home within a relatively short period of time !
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