It would be best if you considered your competitors’

[sumaiyakhatun29]

Otherwise, the renovation costs won’t be considered. Alright. Now that you know how to check market prices, I want to tell you the most essential thing in this article. When selling a house, you must… 3) Research competitor prices and market demands Almost all properties are sold at equal or below market value in today’s market. But why aren’t most of them selling? Is it due to a lack of marketing? No.


The answer is… …market prices do not determine whether a house can cayman islands whatsapp number database sell quickly. Instead, prices. For example, if the market price for your house is RM500,000 and a competitor is selling at RM400,000, it’s evident that your home will be challenging to sell. Potential buyers will purchase the cheaper one first. This is one of the culprits for the oversupply of unsold property in the current market.


Knowing this, we can conclude that the formula for setting the home price is as follows: Selling price = market price or competitor's price, whichever is lower. If you follow this formula, I guarantee your house can be sold in a matter of time. So now, how do you check competitor prices? Check advertising platforms like Mudah and research nearby houses’ highest and lowest prices. Make sure the house features are similar.