Setting the real price on market is one of the most important appearance in selling a real estate. If the price is too high, then you will scare the potential buyers. If the price is too low, you will lose a big amound of money.
The price of a real estate is influenced by many elements like: location of the real estate, how old it is, type of partitioning, footage, floor, condition (white version, reparation, with furniture), infrastructure ( playing place, pard, public transport etc.)
For example, the cost of a 2-room apartment in the Center of Chisinau, in comparison with the same apartment on Buiucani, can be more expensive up to 15%.
The wrong method to evaluate an real estate
Many times, the owners have a tendency to overestimate the price of apartments or houses with intention to obtain more bigger advantage.
The valuation of a real estate usually is based on wrong reasoning:
- the price apartment was bought in the past
- the need of money for a new real estate
- neighbor’s, relative’s and friend’s advices
- emotional aspect (has deposited feeling and soul in construction)
- additional costs (interest of credit, reparation etc)
As well, sellers can set the price of an real estate looking on similar ads on web-sites as 999.md or makler.md, drived by the maximal prices.
Correlation between real price on market and number of buyers
Down you can see which are the risks of overvaluation for and real estate:
As much as the price established by the seller with 10% over the market price, the exposure of the real estate decrease up to 30% to potential buyers. If the price is higher up to 15%, just 10% of buyers will be interested to view the apartment. You will lose the chance to find a potential customer in the close future, either you can change the price at the real market value.
If you want to sell your apartment within 1-2 months, it is very important to establish the real market value. In case you want to sell real estate on an urgent basis, you will have to reduce the price by 10-15% below the average market rate.
How we can sett the real price on market?
Evaluators and estate agents are basing on prices of the past similar real estates from the same zone.
The real value of one’s property is determinated by the money the customer is ready to pay and the money which seller is ready to accept looking on estate’s market.
The real places on market are the prices which are setted on sell-buy transactions, not the prices in the online or offline ads.
Just a real estate agency has real information and statistics about real market value.If you decide to address to an estate specialist, you will obtain a truthful information.
An real estate specialist make the connection between seller and buyer. This one are taking care of the ending of buying-selling process, and will be sure that both sides are satisfied by the transaction.
Important!
Is important to set a real price on market and to negotiate the price of maximal 5%.This way you will be able to sell your apartment in a short time at a good price.
Do you need a free consultation? Please contact us 078 888 900 or we are waiting for you at the address: Chișinau, 12/1 Grigore Vieru avenue.
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