Selling a home demands a lot more than listing a property. Failing to dedicate attention to the process will only turn out badly. Winging it is not an option when it comes to selling your Dublin property. That will lead to mistakes such as setting the wrong asking price. Valuing a real estate piece is not as straightforward as it may appear. You can’t just decide to put a €600,000 price tag on your two-bedroom townhouse out of nowhere. Pricing your sale wrong will cause it to stay on the market for a long time. The property market is a competitive one, which means there will be other sellers offering better prices. So, how can you avoid overvaluing your home?
Get an Appraisal
It may have been a while since the last professional evaluation; and so, a new one may be necessary. Things change over time and the worth of your home a year ago may not be applicable now. For instance, if you have done a kitchen renovation or replaced the plumbing, then expect the value to go up. However, it can be hard to maintain a balance between the worth a property has gained and what it has lost. An appraiser will provide reliable figures to work with. Aspects like safety compliance will also influence your home’s worth, and an appraisal can outline all of them. An appraisal also concentrates on the intricate details of a home such as structural integrity, room layout, size, age, energy efficiency and so on.
Know the Market
Learning about the current seller’s market in Dublin will give you a clear blueprint. The Dublin real estate market has been up and down with potential buyer waiting a few years to put their money in. Evaluating the market can be taxing, especially when you don’t know what to look for. Online resources can offer you useful insights. You can use the property price register to check on local sales and the actual selling rates. Look at homes that have similar characteristics to yours and get the mean asking prices.
Get a Professional
Finding a property professional and getting their opinion is a safe bet when pricing your home.A realtor can clue you in on what is happening across the city and in your specific neighbourhood. An agent can also give you a glimpse of some of their listings to see how comparable properties are fairing. Working with an agent will help to keep you grounded when deciding on the amount. A realtor can give you advice on whether it is the time to sell or not. Sometimes, waiting even a few months could make all the difference on a property sale. Get the formula a realtor used to arrive at a certain price so that you can decide its suitability.
Pricing a home requires you to take into account several variables such as the location, condition of the home, type of neighbourhood, and access to infrastructure among others. Invest time and money in valuing your home before a sale.