greenieS
Verified member
Find the best-selling comparable properties!
Such a property is similar in area, condition, location and facilities. A home similar to the one you want to buy may have recently been traded and you could see it to compare offers. Comparison is the best way to make sure that what you have chosen is the best you can get at that price. Another good source of up-to-date information and comparisons is your real estate agent who knows the market and offers very well.
Visit the comparable offers on the market at that time!
You can view similar offers on the market and compare their size, conditions and facilities with those of the home you have decided on. Then you can compare the prices to see if the one you were asked for is correct. Shoulder-to-shoulder sellers know that they also need to make these comparisons in order to be competitive, so the differences should not be large.
Visit comparable homes that have not been sold even though they have been on the market for a long time!
If the offer you stopped at has the same price as similar ones that have been on sale for a long time, then the price may be too high. In addition, if there are more such homes for sale at that time, the prices should be lower because you have a choice and because there are no customers interested in them in the market. There is room for negotiation here and you have a very good argument to do it and get a better price.
Take into account the market conditions and the recent trend in prices!
If you want to buy a property you need to know if the prices have gone up or down lately, you need to know that in a sellers 'market the properties are overestimated and in one of the buyers' markets they are underestimated. It all depends on what is happening in the market at that moment. It may be that in a sellers' market, prices are not exaggerated due to the fact that the market is not close to saturation. In addition, you need to consider the trends in the banking market, if you access a loan to pay for that property, but also in the job market and the economy in general to ensure that you will have what to pay the installments and not there are prospects for dismissal.
Want to buy a home directly from the owner?
Such a home should have a lower price from the start with the percentage that should have been given to the broker, which many sellers omit. Another potential problem with such transactions is that the owner does not have the help of an agent in setting the price. That way, the home may be more expensive than other similar homes for sale at the time, even if there are no real reasons for doing so.
What are the forecasts for the housing market in the area?
Forecasts and future development of the area may have an effect on the price. It could be bigger if a mall, a highway exit, a school / kindergarten, a park, playgrounds or a subway line were to be built here. Instead, the price should be lower if a waste incinerator or cemetery is planned to be built in the area. The price may increase if there are developers who want to build residential complexes in the neighborhood because that means the area is good and the demand for housing may increase in the neighborhood in the future, thus increasing the price of existing ones, or it will lead to a surplus housing, thus reducing the value of the older ones.
Find out the opinion of your real estate agent!
Even if you do not analyze the information, your real estate broker is very likely to have a real opinion on the price due to his experience.
Does the price seem right to you?
If you don't like that house, the price certainly doesn't seem right to you, even if you negotiated a discount. However, when you pay a little more than the market value of the home you fell in love with, you will not care.
Try the sea with your finger!
You can always offer less than you are asked to see the owner's reaction. This is because there are sellers who set the lowest price they want to reach, not being willing to negotiate, while others ask for a higher price because they expect to be forced to negotiate or because they want to see if there is anyone who will offer that price. If the seller accepts the offer you made or is willing to give up the price, this is a sign that the property is not worth as much as it was asked for and that you can get a fair price. On the other hand, there are homeowners who display a price below the market in the hope that they will arouse the interest of several potential customers who will bid to buy that home. You should know that there are sellers who feel offended if you offer less than they asked for and then don't want to talk to you anymore.
Set the right price for your home!
A wrong strategy from the beginning can end in wasted time. But most of the time with a sale below the market price!
Such a property is similar in area, condition, location and facilities. A home similar to the one you want to buy may have recently been traded and you could see it to compare offers. Comparison is the best way to make sure that what you have chosen is the best you can get at that price. Another good source of up-to-date information and comparisons is your real estate agent who knows the market and offers very well.
Visit the comparable offers on the market at that time!
You can view similar offers on the market and compare their size, conditions and facilities with those of the home you have decided on. Then you can compare the prices to see if the one you were asked for is correct. Shoulder-to-shoulder sellers know that they also need to make these comparisons in order to be competitive, so the differences should not be large.
Visit comparable homes that have not been sold even though they have been on the market for a long time!
If the offer you stopped at has the same price as similar ones that have been on sale for a long time, then the price may be too high. In addition, if there are more such homes for sale at that time, the prices should be lower because you have a choice and because there are no customers interested in them in the market. There is room for negotiation here and you have a very good argument to do it and get a better price.
Take into account the market conditions and the recent trend in prices!
If you want to buy a property you need to know if the prices have gone up or down lately, you need to know that in a sellers 'market the properties are overestimated and in one of the buyers' markets they are underestimated. It all depends on what is happening in the market at that moment. It may be that in a sellers' market, prices are not exaggerated due to the fact that the market is not close to saturation. In addition, you need to consider the trends in the banking market, if you access a loan to pay for that property, but also in the job market and the economy in general to ensure that you will have what to pay the installments and not there are prospects for dismissal.
Want to buy a home directly from the owner?
Such a home should have a lower price from the start with the percentage that should have been given to the broker, which many sellers omit. Another potential problem with such transactions is that the owner does not have the help of an agent in setting the price. That way, the home may be more expensive than other similar homes for sale at the time, even if there are no real reasons for doing so.
What are the forecasts for the housing market in the area?
Forecasts and future development of the area may have an effect on the price. It could be bigger if a mall, a highway exit, a school / kindergarten, a park, playgrounds or a subway line were to be built here. Instead, the price should be lower if a waste incinerator or cemetery is planned to be built in the area. The price may increase if there are developers who want to build residential complexes in the neighborhood because that means the area is good and the demand for housing may increase in the neighborhood in the future, thus increasing the price of existing ones, or it will lead to a surplus housing, thus reducing the value of the older ones.
Find out the opinion of your real estate agent!
Even if you do not analyze the information, your real estate broker is very likely to have a real opinion on the price due to his experience.
Does the price seem right to you?
If you don't like that house, the price certainly doesn't seem right to you, even if you negotiated a discount. However, when you pay a little more than the market value of the home you fell in love with, you will not care.
Try the sea with your finger!
You can always offer less than you are asked to see the owner's reaction. This is because there are sellers who set the lowest price they want to reach, not being willing to negotiate, while others ask for a higher price because they expect to be forced to negotiate or because they want to see if there is anyone who will offer that price. If the seller accepts the offer you made or is willing to give up the price, this is a sign that the property is not worth as much as it was asked for and that you can get a fair price. On the other hand, there are homeowners who display a price below the market in the hope that they will arouse the interest of several potential customers who will bid to buy that home. You should know that there are sellers who feel offended if you offer less than they asked for and then don't want to talk to you anymore.
Set the right price for your home!
A wrong strategy from the beginning can end in wasted time. But most of the time with a sale below the market price!
