Price it Right: Your Key to a Successful Home Sale

Estate agent helping a client

Price it Right: Your Key to a Successful Home Sale

When it comes to selling your home, setting the right price is a pivotal step in the process. It can mean the difference between a quick sale and a property that remains on the market. So, how do you find that sweet spot in pricing your home? Here’s how:

  1. Understand the Market: The first step is to get a feel for the local real estate market. Analyse the sale prices of similar homes in your area, often referred to as “comparables” or “comps”. These should be homes of a similar size, condition, and location. This research will provide a benchmark to base your price on.
  2. Factor in Unique Features: Every home has its unique characteristics – a renovated kitchen, a well-maintained garden, or smart home features. These can add value to your property. On the flip side, outdated areas or necessary repairs can decrease its value. Adjust your price accordingly to reflect these features.
  3. Avoid Emotional Pricing: Many homeowners attach sentimental value to their homes, which can lead to overpricing. Remember, potential buyers don’t share your memories and will compare your home to others on the market objectively.
  4. Consider Market Conditions: Is it a buyer’s or seller’s market? In a seller’s market, where demand exceeds supply, you might price your home higher. In a buyer’s market, you may need to be more competitive with your pricing.
  5. Get a Professional Valuation: Consider hiring a professional appraiser or working with a real estate agent. They can provide an objective market analysis and suggest a realistic price.
  6. Stay Open to Adjustment: The market can change, and so should your strategy. If your home isn’t attracting interest after a few weeks, reconsider your price. Sometimes, a slight adjustment can make a big difference.

Setting the right price requires a blend of market knowledge, objectivity, and flexibility. It’s the key to attracting the right buyers and closing the sale efficiently. So, take these tips on board, and you’ll be well on your way to a successful home sale.


Compare listings


Thank you for signing up and referring a friend

Your details have been submitted successfully.


Finding a mortgage

Buying a house is a massive investment and getting it just slightly wrong can be costly. Unless you have big savings, chances are you’re going to have to get a mortgage. It’s a loan secured against the property which means if you can’t meet the repayments the lender may repossess your home and sell it to get their money back.

The better you understand mortgages and everything to do with them, the better armed you will be to get the very best deal. With MMR in place, you’ll need to review your finances themselves before approaching possible lenders to see whether you can afford the monthly payments now and if interest rates go up, which they will…

What is MMR?

When it comes to finding a mortgage you have several options: mortgage brokers, individual banks or searching online. Again, it’s important to do your research. Searching online first, gives you a good idea of what’s available, but an independent mortgage broker can provide a more in-depth search and help you through the process. Being independent holds great value as they are not bias to any particular lenders or deals, they will give you their honest opinion and take away the stress of working your way through the mortgage market, they work for you to find you the best package to suit your requirements.

For more information on the current mortgage rules and deals, contact your local branch today to arrange an appointment.

Thank you for requesting a valuation.

We will be in touch shortly.


View your future home or get your instant valuation using the latest video calling technology and the expertise of our agents. Don’t delay the deal: get an accurate and fast valuation done today.