The challenge of selling your home hinges significantly on setting the right price. Mispricing can lead your property to linger on the market, potentially devaluing its perceived worth. Understanding the dynamics of real estate pricing is crucial to achieving a timely and profitable sale. In this article we will review this topic as featured in our Dealer Principal Monica Coghlan’s book, ‘Selling Your Home For More – In Any Market’.
Determining your home’s market value is fundamental. Overpricing can lead to a stagnant listing, while underpricing might result in quick sales but lost profits. Key factors influencing property prices include rental demand—where higher rent potential can increase a property’s value—and sales demand, which reflects the balance of buyers to available properties in your area.
Consulting with real estate professionals and obtaining a comparative market analysis enriches your understanding of where your property stands in the market. This insight ensures your pricing strategy is informed and reflective of current market conditions.
Ultimately, the decision on pricing your home is yours. It’s vital to consider the comprehensive data and expert advice you’ve gathered. Pricing your home within 10% of the market value recommended by professionals maximises your chances for a swift and successful sale.
To further guide your property sale strategy, request a FREE copy of ‘Selling Your House For More – In Any Market’ by contacting our office today. This resource is packed with expert advice and market insights to help you make informed decisions.
If you would like a free market appraisal of your home, contact us at vip@truenorthproperty.com.au or call us on 07 5530 2000.
Let’s take the first step towards pricing your home perfectly with True North Property Agents!
