important part of the strategy for selling your home. If there are 20 other houses with similar features to yours on the market in your suburb, buyers are going to have 20 options to choose from. achieve for your home. If there is good buyer demand in your suburb and the number of homes for sale is low, these are perfect conditions for good-quality properties to achieve a premium price. a particular suburb if the overall market in your city is soft. Each city or region is made up of many markets. If the median house price in Sydney drops 2%, that doesn't mean the median house price in your suburb will also drop by 2%. A critical factor is the local supply and demand in your particular vicinity. property is to check out your competition. For instance, if you own a four-bedroom home, log on to the Internet and search for four-bedroom homes in your suburb to see the other properties your potential buyers might be considering. four-bedroom homes on the market? or so to get an idea of the actual prices achieved. This will help you understand the market value of your home. your property so it appears different to the rest. Maybe your house is the only four- bedroom home with a north aspect, or maybe your land size is greater. The unique market, Executive of McGrath Estate Agents. |