Pricing it right

Pricing It At A Right Price

Pricing it at a right price for a property is important in resale market in Singapore otherwise it can languish in the resale market at a long time . Every owner would like to sell their property at a good if not a high price for their property but again not many owner understand property pricing is dictate by the market force in terms of supply and demand. Otherwise, an overpricing property may take months or longer to market it out and at a much lower pricing.

Every owners would like to hear or happy to hear that a salesperson be able to market their property more than their expecting price. But again, an asking price versus an actual transacted price is completely two different issue, therefore the role to price it correctly lies in the professional role and experience of a real estate salesperson.

Asking The Right Price

When I was invited to market one of a private property for sale in district 12, I understood that it had been out in the resale market for more than three months. Given the opportunity to market the property and study the orientation of the property and interviewed the owners the reason why they bought this property, I get to note many pointers down of this property and turns it to the good selling points.

I also realized that the asking price is out of the market transaction pricing and manage to discuss it with the owners to make some adjustment on their asking price and their expectation price given to this current market.

Less than a month plus, I manage to secure a buyer close to my seller expectation price and get them happily moved. Therefore, it is again proven that it is very important in getting the right price than an overprice property and get stagnant it in the resale market for months or longer may eventually lose out more.

If you are trying to sell your house, you should set a price that is practical if not seek a professional real estate salesperson advice. Research the local market to determine the average price of similar sized homes in your area. Placing an over inflated value on your house could force you to eventually lower it anyway.


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