How to Price it Right
Understanding your market can be the difference between getting top dollar for your HDB flat or watching it sit unsold. Speak to your Ping Property Agent to help you set realistic expectations about how long it will take and how much you will get.
Take Stock of Inventory
Like pretty much any commodity, real estate is ruled by supply and demand. More buyers than supply? You will get a premium if you sell.
Check Market Values
Your experienced Ping Property Agent can help give you a real-world idea of what is going on out there. They know what buyers are looking for in your neighbourhood.
If you are in a true sellers’ market, the property should sell itself, right? Not true. That is because everyone looking for a property knows that only the good ones are selling quickly. In any market, listings that go “stale” will lose value.
It is also critical to plan your next move in a sellers’ market. If your home is priced right, it could sell much faster than you anticipated. Know where you and your belongings will go if there is an unexpected gap between selling your home and moving into your new one. Your Ping Property agent can guide you to decide what strategy works best in your particular situation and market.
Selling in a buyers’ market requires patience, flexibility and attention to details. As in any market, the first and best strategy to make top dollar is to research the competition and price the home right. In a buyers’ market, you will need to take a few extra steps to make your home stand out from among all the choices potential buyers have.
In any kind of market – buyers’, sellers’ or neutral – your best tools are planning, research and a knowledgeable Ping Property Agent. To learn more about your market, speak to your Ping Property Agent today.
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