Thursday, September 4, 2008

What's the best way to sell your house?

The Spring thaw is definitely upon us, with it warmer temperatures and it’s even raining less (hold your breath!) We’re often asked about the best way to sell – particularly as we approach the traditional selling season between now and Christmas.

The first question to answer is do we put a price on the property or not.

You would put a price on the property to sell if:
-You were sure of its value or if the attitude of the vendors was based on their desire to achieve a specific figure; and
-The vendor was under not particular time constraint to make a sale.

We would generally advise a no price approach if:
-The property (by virtue of its features and benefits) held the potential to achieve a significant premium;
-If it was difficult to value; and
-The vendor had a need to sell by a specific date.

With these thoughts in mind we would make a recommendation to the property owner based on an appraisal of the property and a full understanding of their requirements. In a changing market such as we are currently in, the no price approach can be a very productive way of finding the market value quickly.

Regardless of the process, the final sale price will be the result of a buyer and seller negotiating to the point of mutual satisfaction. Our goal is to create approaches that give the homeowner the best possible opportunity of selling.

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