What Price Should I Sell My House For ?

There are many different factors that come into play when it comes to determining exactly what price to sell your property for. The main determining factor is the current real estate market. The past performance of the market can, at times, tell you what might do in the future. Another powerful determining factor when setting the asking price of the property is the condition of the property at the time you put your property on the market. If you maintain the property exceptionally well and make sure that you have it in tip-top condition, you will be able to ask, and get, a higher price for the property. The last determining factor is the value and selling price of properties that are comparable (very much the same as) your property.

When you are thinking about selling your property, you need to look at how good or bad the current real estate market is doing to start the process of selling your property. If the current market is soaring (doing really good) and in an economic boom you are likely to be able to sell your property very quickly. How good or bad the current real estate market is will determine quite a bit as far as how fast or slowly any property will sell.

Another factor to take into consideration is the condition of the property. If you have been taking excellent care of your property during the entire time that you have owned it; this will be reflected in the property tax assessments and in the overall appeal of the property to both the realtor and to prospective buyers. If they can see themselves as living in the home, then they are very likely to buy your property. If you have not been on top of the maintenance and repairs that need to be done, that too will be seen easily by the real estate agent, who may recommend that you begin making the necessary repairs to the property. Telling your owner clients to make repairs when necessary has saved those owners from having to hear this from the buyer’s agent. This is not a situation that you want your owner clients to have to deal with.

The last thing that helps to determine what your property is worth to set your asking price is the selling price and condition of properties in the area that are comparable to (pretty much the same as) your property. Once your agent has all of the pertinent information about your property: the lot size, number of rooms in the house (residential property) or square footage of useable space (commercial property), total measurements of the building itself and the measurements of each room in the house; he or she can begin looking through the MLS for properties that are comparable to yours to look at what each sold for. This is one of the tools that any realtor has to work with. There is one thing that cannot be stressed enough… the selling price and the asking price are often very different.

Buy, Sell, Rent, Invest, In Singapore

MINDY YONG

( +65 ) 91002985

Fax: (+65) 64021826

mindy@mindyyong.com