How to get the best price for your property

How to get the best price for your property

May 19, 2016 Off By Laura TMOT
When it comes to selling your home, you’ll be hoping to achieve the best possible price. Nobody wants to feel that they’ve accepted less than they could have, or that they’ve been cheated out of their profits.

That’s why it’s important to approach the sales process with a methodical and calculating mind-set. You need to know exactly how to obtain your optimal asking value, and this means endeavouring to stack the odds in your favour. Rather than relying on chance, you need to be proactive.

Here’s how to get started…

#1: Obtain a Free Valuation
Before you begin, it’s important to have a realistic price tag in mind. It’s not only about how much you want, but about how much your house is actually worth. There are a number of ways that you can asses this. If you want to do your own unbiased research, then take a look on selling sites and in estate agent windows to see what similar properties are retailing for. Alternatively, turn to the experts and take advantage of a free valuation from a professional. This should help you to achieve a reasonably accurate ballpark figure, so that you know what sort of outcome to expect.

#2: Keep an Eye on Your Costs
When you sell your home, the most important statistic is not how much money you make, but how much of the selling price is profit. To calculate this, you need to subtract all of the associated outlays of the sales process, from estate agent fees to legal costs, surveys, and any home improvements that you make in order to turn your home into a more saleable property. Every part of this should be done with an eye to the overall total, because the less you spend, the more money there will be in your bank when the transaction is complete.

#3: Choose the Right Estate Agent
Your estate agent will also be key to achieving the price that you desire. They are skilled professionals, and it’s their job to secure the sale that you want. The better their reputation, the more likely they are to deliver, so it’s essential that you do your research beforehand. Ask around for recommendations from friends or colleagues who recently sold their homes, and take a look at the opinions voiced on online property forums and their ilk. The wiser your choice, the greater the chance it will bear fruit.

Follow these three simple tips today, and optimum profits are yours for the taking.