Tips for valuing your property
POSTED BY Adam Jordan ON 30 Aug 2017
As a vendor, you want to get the highest possible price for your property. However, setting an unrealistic price will deter buyers. The value of your property can depend on factors such as:
- The state of the market
- Current interest rates
- The type of property
- The sold prices of similar properties in the area
Ultimately the market will decide what it is prepared to pay, but you need a realistic starting point. Experienced local real estate agents can provide the best indication. Many sellers ask two or three agents to get an idea.
realestate.com.au can help you find an agent and understand what your property is worth. Start by getting a free suburb report and then we’ll help you connect with a local property professional for a price estimate. You can also research our sold properties section and current listings. Be sure to attend local open for inspections and auctions – these details can also be found on realestate.com.au.
If you are 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 valuation.