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 (size, age, features)
• The sold prices of similar properties in the area
Friends and family may have an opinion on what price your house will fetch on the market. But chances are their estimations are not as accurate as your agent’s. One of the keys here is to have realistic expectations!
Ultimately, the market will decide what it is prepared to pay, but you need a realistic starting point. Your experienced local real estate agent will provide the best indication and strategy to ensure you achieve the best possible price.