Do your Research
Have a look on realestate.com.au at all the properties in your area that are currently on the market. You can access a report from them obtained through RPdata to give you recent sales in your area. If you don’t want to pay for such a service, though the fee is usually quite minor, you can contact us at Happening Real Estate on 1300 725 853. We will be happy to provide you with such a report at no charge. You need to know what else is on the market that is similar to your own property. At the same time, you need to be aware of any special factors in regards to location that could be influencing the prices asked.
While location is the predominant argument in real estate, this rule may not always apply. Perhaps location is the least of your potential buyer’s worries. Don’t overlook the fact that buyers have typical and unusual reasons for buying a house. Many have jumped into the arena of investment property.
While most people buy houses so they can live in it, there are those who like to play the market and want to make a killing. Sell your house with an open mind. Don’t let the factor of location discourage you, or encourage you too much.
Basic rule: don’t get locked out of the market because you’ve overpriced your house!
Continue building up on that knowledge base: make it a daily habit of reading real estate ads everyday. Get the average selling price of a house identical to yours.
If you have the luxury of time, you may even want to drive around these houses for sale and judge for yourself whether or not the price they’re asking is justified.
Some homeowners have illusions as to what their houses cost. Is the price they ask reasonable, or way out of proportion to the looks and location of the property?
Tip 4: What are the ads saying?
Get a feel of how real estate ads are worded.
What are the key words and phrases?
What ads caught your attention?
Does the ad sound credible?
Does the ad provide adequate information to provoke interest, or does it leave the reader indifferent?
Use these ads as a model for your own.