When sellers decide to put their home on the market, one question is usually on their minds: How much is my home in Campbelltown worth?
Their first point of contact to have these questions answered is generally their local Real Estate Agent. After all, Real Estate Agents in Campbelltown know the market and have likely sold similar homes in the past.
Unfortunately, many less professional Real Estate Agents have a strong motivation to quote higher than market pricing when assessing the value of a house for sale. They do this to give hope to the seller they can obtain more money. In essence, they want the listing. If you flip the table, however, the more professional agents do not do this as it wastes everyone’s time and often leads to the property taking a long time to sell.
In a similar fashion, many sellers often over estimate the pricing of their home and sometimes the Real Estate Agent may be more likely to feel the need to live up to the potential selling price.
As always, doing your homework is an excellent start to encourage fair assessments and appraisals. Have a look at your local prices and compare your home to similar homes in the area. It is also a great idea to ask your Real Estate Agent what they think, before you begin to put words into their mouths. If a home seller tell Agents they have their heart set on a certain figure, it is unlikely agents will feel free to tell them they have over-estimated their property’s potential, especially if the home sellers say that another Real Estate Agent assured them they would get that price.
Unless your home is very unusual or unlike others in the area, it is relatively simple for a Real Estate Agent to give you an estimate on selling price. Professional Real Estate Agents come with years of experience, statistical data and the backing of their network of colleagues.
It is also very important to keep in mind your emotional attachment to the home. Increasing the dollar value because you planted that fruit tree out back twenty years ago and eat from it every season is not likely to attract buyers. At the same time, you choose to ignore the inconvenience of poor drainage down the side or the patch of grass which never seems to grow. Being impartial is important, and your Real Estate Agent can certainly help with this.
If you are after a professional team of Real Estate Agents to help you appraise your property in Campbelltown, you must give Prudential Real Estate a call. Our team has years of experience, multiple offices and a huge client database, meaning they can get you the best possible price, with a time frame which fits your schedule. Most importantly, they are here to guide and help you through this transition, which, at times, may seem a little daunting.
