The answer is.. Market price is not a determinant of whether a home will sell quickly. Instead, you must take into account your competitors' prices when setting the selling price. house market price For example. If the market price of your house is RM500,000 and your competitor is selling it for RM400,000, it will definitely be difficult for your house to sell. This is the reason why there is so much overselling in the market right now.
So I can say, the formula for setting the selling price is this: benin whatsapp fan Selling price = market price or competitor's price, whichever is lower . If you follow this formula, your house will sell quickly, God willing. So, how do you check competitors' prices? Check the classifieds portal and see the highest and lowest prices for nearby houses . Make sure the house features are similar.
Houses that are priced lower than yours will definitely sell first. Ask a real estate agent about current transactions to gauge demand. Even if the price is high, it's possible that the location isn't getting any demand. Also read: How to Check the Market Price of a House Ok, now you know the formula for determining the price of a house. Can you sell it? Not yet.
Is your price competitive
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