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Setting the Right Price for Your Property

By Astyn Reid

The most critical decision you will make once you decide to sell your property is the price you will advertise the property at. This is where a good agent will be of assistance. An agent will be able to look at comparable sales on web sites such as realeastate.com.au and pricefinder.com.au. It is always best to compare your property to other similar homes which have sold in your area as this gives you the best comparison with the current market.

Your agent should be able to provide you with figures of other similar properties which have recently sold in your area. Some people think that comparing their home with another on the market is the correct way to go but this may be misleading if the other property is overpriced and therefore not selling. If a property is priced to sell correctly in the current market the chances are that a relatively quick sale may be possible. However if your property is a priced way above its market value there is a good chance that it will remain on the market for a considerable period. Once a property is on the market for an extended period of time the chances of a vendor getting his best price are reduced.

Remember then the most important thing when selling your property is to get an agent to give you an honest appraisal of your property and then listen to their advice. If you do this you will have a much better chance of getting the price you want in the quickest possible time. Good luck with selling your property.

By Paul Cavanagh

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