Newspaper article The Daily Mercury (Mackay, Australia)

Research House Prices

Newspaper article The Daily Mercury (Mackay, Australia)

Research House Prices

Article excerpt

WANT to know what your home is worth? The answer is simple: it's worth what the market is willing to pay for it.

The key to correctly pricing your home is to do your research and listen to what the current market is telling you.

Most buyers have done their research, so they have a fair idea of what your property is worth.

If you price it too high, you won't attract much interest, resulting in a longer selling time and lower sale price.

However, if you underprice your property you'll be inundated with buyers keen to nab a bargain at your expense.

So, what is the best way to accurately gauge the price of your home?

Research recent sale prices of similar properties in the area and objectively compare them to your own home.

The easiest way to do this is to ask your real estate agent to provide a comparative market analysis, which gives you a summary of recent sales in the area.

A qualified property valuer can usually provide a more accurate price estimate, as they generally have more detailed information about similar homes that have sold, but they come at a price. …

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