The most difficult task for prospective sellers, is determining the value of their home
It is important to recognise that uninformed opinion, the cost of improvements a seller hopes to recover, or the final amount needed to realise future plans do not factor into pricing.
Realistically priced properties generate more enquiry, and to obtain a realistic starting price it is recommended that you have a professional Real Estate Agent do a comparative market analysis of similar properties sold in the last six months within a 5km radius. This will give you an informed price that the market is prepared to pay.
After your property is presented to the market, buyer interest will be highest between weeks one and three. After this, buyer interest falls away quite significantly. When you are deciding on a price, remember that it must be valued correctly right from the onset so that you will benefit from the initial surge of interest.