How to increase your property value in a tough market?

The current Australian real estate market is going through very difficult times after interest rates hikes. Property values are comparatively falling down and buyer are also facing difficulties with their borrowing capacity. We can say, Australia’s Housing Market Faces Its Biggest Test in 30 Years.

Wondering how you can achieve good price for your property despite tough market condition? Property owners who are thinking of selling their real estate assets can follow these steps to get top results:

ADD VALUE WITH LITTLE UPGRADES :

*Make sure your home is clean and tidy:

A well-presented, well-organized listing may make or break a transaction. After all, catches the eye like filth, grime, and clutter. It's vital to put your best foot forwards when selling, and in most situations, that includes a clean and tidy inside. While a deep clean may be intimidating, with a little planning and determination, you'll have a gleaming listing in no time.

*Improve lighting both natural and artificial

A good balance between natural and artificial lighting can certainly give you a few benefits. Not only that, a good lighting arrangement can also enhance the interior design of your home, but it has to consider both functional and aesthetic value carefully.

*Touch up where needed and simple repairs.

Taking care of the most important things to repair before selling a house will put more money in your pocket! This is one of the primary reasons real estate agent recommend taking care of certain things before you list your home.

CHOOSE PROFESSIONAL REAL ESTATE AGENTS:

A real estate agents in your local area have the knowledge of updated property market. A good real estate agents keep track of property market every time and they can analyse property value properly.

So how can you tell whether an agent — a relative stranger to you — is choosing the best price for your home? You need to do two things:

1. Know, generally speaking, what your property is worth. Do your own research on the prices of local comps, (but understand the limits of online property sites). Run your info by your agent for an informed perspective.

2. Ask the agent for pricing information on homes he or she has recently sold. Specifically, what the differences were between their listing prices and how much the homes ultimately sold for.

When it comes to the agent’s pricing history, you’re looking for accuracy. Anyone could suggest a high price for your home, knowing it’s what you’d like to hear. But nobody wants to have a house languish on the market, or to reduce a price repeatedly.

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Disclaimers

Data provided in this article is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.