How do you work out the value of your house? One way is using a valuer, but a valuation costs money. Experience tells me that if the valuation comes in at more than you want, you’re happy to accept it. But if it comes in less than you expected, most people justify its ‘pessimism’ by saying things like ‘valuers are always conservative’. The other way of course is real estate agents. They are free and accessible. But a real estate agent knows most sellers will use the ‘appraised price’ to determine whether or not they get the job. It’s a dodgy practice in the industry to ‘over appraise’ a property. Most experienced agents don’t want the agro of ‘over appraising’ so they go with a realistic approach. They look at recent sales, sprinkle in current market conditions and then reflect on the buyers they have been working with. Recently, I met with a client that had an agent tell them a price more than they thought they would get. Then that agent offered them a commission less than everybody else in the market. They were translating this into enthusiasm and optimism, but really it was inexperience and desperation. If a home is overpriced then it won’t sell, and the longer a property sits on the market, the lower it sells for. To work out your value look at the sold section of realestate.com.au and go through open homes of similar value to yours and find out what they sell for.
While pale blonde timbers like Tasmanian Oak have dominated Queensland interiors for years, a richer, more sophisticated finish is making waves in luxury Brisbane property: dark walnut, smoked oak, and deep stained timber. Here is how dark wood accents add a layer of boutique-hotel elegance that grabs buyers’ attention. 1. Creating High-Contrast Impact In light, … […]
As the expression goes, how do you know if someone has run a marathon? Don’t worry, they’ll tell you! With that now noted, I feel compelled to inform you that I have run a marathon and I feel much better for having shared that with you. That said, this property market feels a lot like … […]