Selling your House? Price it right.
Posted by namibiaproperty on June 27, 2008
So, you are selling your house or property?
Remember to price it right. No matter what you want, the selling price is usually determined by what the current market (in this case your buyer) is prepared to pay for your property. And a buyer nearly always want’s to know the current actual valuation, and is 99,9% of the time not willing to pay more than the valuation, if even. If possible, get yourself at least one valuation by either a bank or even better, by an independent valuator (usually more market related). And please, do not lie to your agent or your potential buyer about the valuation, all parties concerned will want to see the valuation, and you will only end up shooting yourself in the foot. In most cases, no matter if there is an existing recent valuation, the Banks will send out their internal valuator to value the property when the buyer applies for a loan (the Buyer will have to pay for the valuation).
Remember to look at the condition of your property as well, a neat, well presented property will appeal to a buyer easier and will sell quicker than a property that is not in a good condition. If you cannot afford to or are unwilling to spend money on your property, rather bring your price down to below the actual valuation for a quick sale. Ask an agent to come have a look at your place and tell you what in his / her opinion is wrong or could put people off. Listen to what the agent tells you, and follow the advice given.