Page 6 - Selling your Home - The CommFREE guide to all you need to know

DETERMINING AN APPROPRIATE

SELLING PRICE FOR YOUR

PROPERTY

Choosing the correct price to market your property at is critical to achieving a quick sale at

the right price. To sell property you need to set a price for your house that depends on
numerous factors. When a seller instructs an estate agent to “Sell my house!” the agent’s
first thought is usually “No problem – if your price is right!”.
The point is: if you want to sell your house, you first have to be willing to accept a market-
related price for it. For most sellers, this price is less than they expect.

However, when you choose the RIGHT agent, this process is more than a guesstimate as
they would have performed and extensive market analysis to determine the correct price
for your property.

Determining the RIGHT selling price that you agree with
your agent will depend on these factors:

1. Your own research.

You live in the area and will be able to get an idea of how
many houses are on sale and how quickly you can sell

property in the current market. If you don’t use an estate Price it
agent then this step will be critical for you. If you choose to right,
use CommFREE, a CommFREE consultant will present to It’ll sell
you a full comparative marketing analysis of what is
happening with property sales that have happened and are overnight,

happening in your nearby surrounding area. If you know Price it
what your neighbor sold their property for and further wrong, it
know how your home compares to theirs, it will give you a

good indication of what you can expect to sell your own will stay too
property for. long

2. What you owe on your bond.

Ideally, the selling price should be greater than the
outstanding bond on your house (plus any cancellation fees

and estate agent fees) so that you don’t end up still owing
money to the bank for your house after you have sold it.

6 6 Title of the book
The CommFREE Guide to Selling your Home