Despite the doom and gloom touted about the property market, there is activity and houses are selling. If your house is for sale, and it is not selling more than likely, sorry to say, your house is probably over priced.
So how should you value your house and what price should you put it on the … market for? In the current market you have to be very realistic when selling your home. Your expectations of prices will have to be tailored well in line with today’s selling prices compared to the better days of the property boom.
When selling your home & figuring out the price tag you should compare the selling prices of similar houses in your area. Make sure though that you find out the actual selling price as opposed to the price that the property was advertised at. Your local Estate Agent should have a complete list of actual selling prices of other houses in your area. The actual selling price of the property is the important figure that you should keep note of!
So with all this in mind; if your house is for sale, and it is not selling, you should take a long hard look at your set price and think again.