July 17, 2014 Leave a comment
1 First things first–make a list of similar homes sold around you. Understand how yours is different from those.
2 Next, take stock of homes that are on sale in the area. Go talk to owners, maybe tour the houses to understand what’s on offer.
3 Talk to property agents. They could handle the first two steps for you but it’s best if you do those yourself to get a realistic number.
4 Let the agents conduct a price survey in your area and come up with their number.
5 Since you have done your homework well, don’t be misled by agents who offer the moon.There is something fishy if all deals in the area have been under 1 crore and an agent says he’ll get you 1.3 crore
6 Understand market conditions. The price that a buyer will be willing to pay is also dependent on market sentiment. Read more of this post