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How do I set the right price on my house?


February 16, 2022 | twentytwo

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Looking to relocate or buy another property? Whatever your reason for selling a property, setting the right price is really important to achieve a successful sale. Too high and you might be disappointed with the outcome and if it’s too low, you might be losing out on the opportunity to make a profit.

To be able to set the right price, you’re going to need to know the facts and figures. It’s also worth noting that you should set the right price from the outset, you don’t want to be changing the price of your property while it is on the market. It can lead buyers to question it and make their own assumptions as to why you may have lowered or increased the price.

How do I get the best value on my house? 

To ensure your property gets the best price possible, you want to do what you can before listing it. This includes adding value to your home which can be done in various ways. From redecorating to giving your garden space some TLC, anything you can do to add value to your home will help get you the best price for your property.

How do I set the right price? 

  • Accurate valuation

Getting a detailed and accurate valuation will set you on the right path. An accurate valuation uses various factors to determine the value of your property.

  • Expert advice

Speak to a property expert, an agent who knows their industry and area. An agent that has already sold properties in the area will have a good idea and understanding of prices that can be achieved.

  • Current market conditions

Housing market trends as well as the local area market conditions will affect your sale price. If you live in an area that is in high demand and there are a lot of buyers looking to move, the price you set will be in your favour.

  • Property condition

Another factor affecting your sale price will be the condition of your property. Did you recently renovate it or could it do with being updated by a buyer? A desirable property that doesn’t need any work done will attract a higher price.

  • Your timeframe

Are you in a rush to sell? Or can you afford to take your time? If you want to sell quickly, this can mean choosing a lower asking price to speed up the process or if you have the time, you can decide on the right offer.

If you would like to know more about setting the right price for your property, don’t hesitate to get in touch with our helpful team at Redstones.

Selling a property in Willenhall?

Benefit from the highly trained and experienced team at Redstones. Achieving the best price in a time frame that suits you while ensuring you receive the highest standard of service is our priority.

Selling your property starts with a free property valuation. Finding out what your property is worth is important to make decisions. We can guide you step-by-step through the selling process and ensure you are kept informed. If you have any questions or would like to know more about our services, please feel free to get in touch today.

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