When selling, you want to get the highest possible price for your property, but it can be difficult to know what to set the selling price at.
Property valuations depend on such factors as:
- The current state of the real estate market
- Where the interest rates are currently
- The type of property and age of buildings
- The sale prices of similar properties in the area
Of course, the old adage is true that a property is only worth as much as someone is willing to pay for it, so it is the buyers who decide what it is worth, but you need a realistic starting point.
Fortunately we can help - being an local real estate agents who are very eperienced with property pricing for our area, we can provide the best indication.
You can also use free online services such as http://www.homepriceguide.com.au/ to research properties in your area and get sale prices for similar properties. And visiting local open house inspections and auctions will give you a feel for what the market is currently like, and what people are paying for similar properties.
A word of caution - if you request a valuation from a number of different agents, and you receive wildly varying prices, know that while it is not really possible to price your house too low, it is definitely possible to over price your house and this can have a disaastrous affect on the eventual outcome of your sale. Please read the article "Mistakes When Selling A Property" on what to avoid.
Of course, if you are still 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 and conservative valuation.