A Competitive Price + Good Presentation = SOLD
Buyers have the upper hand in the real estate market we are currently experiencing and overpricing your house is one of the worst things you can do. It is of the utmost importance to initially market your property at the correct selling price, as potential purchasers pounce upon desperate sellers who reduce their asking prices at a later stage.
Once your need to sell becomes chronic, purchasers control the negotiations and you could be forced to sell for a lot less than the actual market value of the property. Therefore, be weary of Estate Agents who assure you that they will obtain a higher selling price for your property (higher than market value) to entice you to sign a sole mandate agreement with them.
Talk to a registered Professional Property Valuer to get a good idea of what your house is worth. The Valuer will base his calculations and valuation on comparable sales in the area, preferably within the last 6 months if possible. A minimal fee compared to the value of your home, for an expert opinion and valuation report, could end up saving you a fortune.
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