How to get your Price Right if you are going to sell. It’s all about Supply, Demand and Price. Real estate markets are in one of three modes. Going up, coming down or steady, with minor fluctuations according to suburbs. The good news is they don’t come down too often.......... but it happens and it's certainly happened now.
Your first priority is to determine the general state of the market, then the supply or demand in your suburb. This is done by checking over the sales data in your suburb for the last 6 months. Which way is the market trending? Are properties similar to mine in demand? Are there lots of them or just a few? Is mine superior or not as good?
Buyers generally do more research on property prices than sellers. They inspect many more homes and get an instinctive feel about values. So it's a waste of time and money trying to fool them by asking way over the top prices.
A quick and easy way to get property sales data is to request your FREE PROPERTY REPORT. Go to Appraisals in the top bar and click through for your property report and we'll send it to you.
Tags: Real estate commissions, perth, western australia
