We’ve all heard the horror stories: a family buys a new home, puts their old house on the market, moves to their new address and drains their savings on a down payment. In situations like this, the buyers have usually made two critical errors. First, they find a home they love and don’t want to lose it to another buyer, which leads to rash decisions. Second, they assume that their depleted bank accounts will soon be replenished when they sell their old house.
Unfortunately, nothing is ever guaranteed as far as the real estate market is concerned. While some homes will sell very quickly, a quick and painless sale is never something you should bet your chips on. If you are in need of a relatively fast sale, though, then the most important thing you can do is make sure your home is priced correctly. At Cooper Newman Real Estate, we can help by providing a professional house appraisal in Mount Waverley.
Why Homes Sit on the Market for Months of Years
Sometimes, homes don’t sell because of factors that are out of a seller’s control. For instance, if the seller puts the home up for sale and then a major economic recession hits a month later, the biggest problem is one of bad timing. However, in most cases, a home that doesn’t sell is a home that is sending a crucial message to its owner: ‘I am overpriced.’
The number one reason that homes don’t sell is that buyers in the market take issue with the asking price. Some buyers will be financially secure enough to purchase homes in tough economic times. Other buyers will even purchase homes with major defects or problems, with the goal of renovating, improving and possibly even ‘flipping’ those houses for a profit. What almost no buyer will do, though, is purchase a house that is priced above its true value.
Therein lies the vital importance of house valuations in Mount Waverley. When you get a house appraisal done on your property before you list, you get a better idea of what the property is really worth. An appraiser will look at a wide range of factors—from the condition, size and selling history of your home to the perceived value of comparable homes in your area. From these details, the appraiser will determine the market value of your home, which will help you price your house before you put it up for sale.
Price Your Home Wisely and Sell It Faster, with a Cooper Newman House Appraisal in Mount Waverley
Pricing your home close to or right at its market value won’t always guarantee a quick sale, but it will always help. When buyers think a home is overpriced, they might not even look at it—let alone be willing to make offers. Worse, some buyers will even steer away from homes that have been on the market for a long time, believing that long-gestating listings indicate overpriced homes.
If you want to avoid these costly and frustrating fates, call Cooper Newman Real Estate today. With a house valuation from our Mount Waverley team, you can identify a sale price that buyers will actually go for. Whether you want to sell your house fast or get your money’s worth out of the transaction, a professional appraisal is the first step to getting there.
You can reach Cooper Newman by dialling 03 9831 9831 right now.