If you’re thinking of selling your Greater Springfield home or investment property, then deciding on your selling price is a major decision. Read on to find out our top tips to make sure you maximise your selling price.
Tip 1: Check out your competition
Before you choose an agent and list your property, make sure you research the market value of comparable homes in your area. Look for both comparable homes that are for sale now or that have recently sold. Comparable homes in your area are those of a similar age, condition, type (e.g. house, townhouse or unit) and size (in terms of square metres of floor area).
The type and size of your property can greatly influence the type of buyer you attract. For example, larger Greater Springfield homes will appeal to families who need more space, while smaller homes will tend to attract older downsizers as well as young, single and childless urban professionals.
Whether your Greater Springfield home is on a busy main road or a quiet street can also affect its value, even if all other characteristics are similar. Make sure you take that into account when comparing homes. As the old saying goes, ‘compare apples with apples’.
Be objective in comparing your property to others in Greater Springfield. Don’t look at your home through rose-coloured glasses. Put yourself in a potential buyer’s shoes when comparing the different properties for sale. Realistically compare and rank your home with others.
Comparable homes that are for sale now in your suburb are your direct competition. You need to price your home appropriately and highlight its compelling features in your sales and marketing campaign to attract as many potential buyers as possible.
Tip 2: Get professional advice
Talk to a local real estate agency with a track record of getting the best Greater Springfield home selling prices, like one of our team at Purple Cow. The latest figures from realestate.com.au show that our Purple Cow agents achieve selling prices that are $73,000 higher than competing agencies in the Greater Springfield region.
Tip 3: Get your listing price right
Getting your listing price right from the start of your home sales and marketing campaign is crucial. If your listing price is wrong, you won’t get the best result.
If it’s too high, you won’t get the best price you could have, even when you do manage to sell your home. It will also take longer to sell, and you may be forced to drop it during your sales and marketing campaign.
And if it’s too low, you’re leaving money on the table that could otherwise have been in your pocket!
Ideally, you want to price it at the sweet spot that will maximise potential buyer interest and encourage maximum price offers due to intense competition between multiple buyers.
The bottom line
Ultimately, it’s the market that sets Greater Springfield selling prices. But a great local agent can help you to maximise your home’s selling price by:
- Giving you advice on setting the right listing price to maximise potential buyer interest
- Implementing a strategic sales and marketing campaign.
How our Purple Cow team can help
Like to find out more about how our Purple Cow real estate team can help you to sell your Greater Springfield home or investment property for top dollar?
Our dedicated property management professionals can also help you if you’re looking for hassle-free management of your investment property to maximise your returns.
Contact us today for an obligation-free chat and experience the award-winning Purple Cow difference for yourself.
