How to Determine the Asking Price of Your Property

A critical point in selling your house is setting an asking price. Go too high and will not attract potential buyers, but go too low and you will loose money.

Estate Agents Do Not Value Your Property

Contrary to popular belief estate agents do not actually value properties, they only estimate an asking price based on their knowledge of the local property market. A chartered surveyor is the professional that values your property.

Researching The Value of Your Property

There are various methods for researching the asking price of your property.

• Local newspapers and property finders
  
• Estate agent windows and websites
  
• Larger property websites
  
• Hiring a professional property valuer. Northern Ireland
• chartered surveyors can be found from RICS

An estate agent may value your property at a greater value than you expected so that you are impressed and decide to go with them, only later they advise you to lower your asking value. On the other hand they may value it lower for a quick sale to get the commission faster.

Your Property is Worth What Someone is Prepared to Pay

The most important thing to remember is that your property will ultimately sell for the amount someone is prepared to pay for it.