I have sold many homes during my career and believe me, you need to make sure the price is at or near the market price.
When selling a home it is essential that you get the price right, a home that is overpriced can sit on the market for months while other homes that are on the market are selling. Over priced homes help sell homes that are at or near market price.
Alternatively an under priced home will sell quickly but the owner will miss out on money that they would have received if the home was marketed at the correct price.
There are accurate ways of determining the price of you property
If you were going to sell privately, You can employ the servces of a valuer, this can be costly, however you will receive an accurate estimate of the value of your home.
You could invite several real estate agents to give you an appraisal of your home, however these can vary remarkedly. There are some agents that "buy listings" that is to recommend a higher price than what the property is truly worth, hoping to get the listing and over time convince the owner to reduce the price to meet the market.
You could undertake your own research, there are many ways of doing this.
You could attend open homes in your area and compare your home with other properties, you can go on to realestate.com.au type in your suburb or postcode and look for similar homes to yours and compare the prices.
The most accurate way of determining your price is by comparable sales. When an agent appraises your home they do what is commonly known as a CMA standing for Comparative Market Analysis. This is an analysis of homes similar to yours usually within a small radius of your home with similar attributes.
You can get this information from the internet there are sites where you can download this for a small fee. If you are using our no commission
or low commission real estate service we will supply you a free property report.