Pricing your Property

By Paul Reed

PRD Nationwide Hobart


Last month we talked about buyers and cost selling, so this month we will cover our last step.

Step eight is all about pricing and this one is very important, as the way your home is marketed can make or break a deal.


Step eight: Pricing

As an agent and homeowner myself, we seek advice from professionals and agents and depending upon the information and advice given, it can either please or upset us.

We all believe our homes are the best in the street and that the highest price will be paid.

We also know that our buyers are very savvy now – they research and this is where the value sits.

So marketing your home is about strategy, being realistic and your motivation to sell.

Over-pricing your home may result in a smaller buyers pool, no buyers or the wrong demographic.

It can also lead to a prolonged stay on the market, which will result in lower offers being submitted.

But, on the other hand, under-pricing of the home may result in you losing money on your investment or biggest asset.

If you come to the point where you are ready to sell and want to know more about the different strategies that have been tried and tested, then give me a call.

If for any reason, you have missed a step or would like to have an informative discussion, please feel free to give me a call.

Whether you’re looking to sell or stay, I would love to meet you.

As we come to an end of 2017, I would like to wish everyone a Merry Christmas and a Happy New Year.

I look forward to seeing everyone in 2018.


Suburb Market Update

This month we focus on the suburbs of Tranmere, Dynnyrne and Sandford.

For a 12-month rolling average to August, the median house price was $650,000 for Tranmere, $680,000 for Dynnyrne and $527,500 for Sandford.

Price data courtesy of core logic rpdata professional.