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Tips for valuing your property

By Emma Smith

Article from realestate.com

As a vendor, you want to get the highest possible price for your property. However, setting an unrealistic price will deter buyers. The value of your property can depend on factors such as:

• The state of the market
• Current interest rates
• The type of property
• The sold prices of similar properties in the area

Ultimately the market will decide what it is prepared to pay, but you need a realistic starting point. Experienced local real estate agents can provide the best indication. It is the practice of Ray White Drysdale to offer an honest opinion of what we believe a property will sell for. We see no benefit in providing false hope to potential purchasers, or to vendors. If you are confused by the range of different values that agents suggest your house is worth, you can always commission a Licensed Real Estate Valuer to provide a truly independent valuation.

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Ray White Drysdale  03 5251 5880

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