When deciding to sell your property, the asking price should be close to the market value with a margin for negociation.
Every week, one property is sold in Nuns Island. In good years, two properties are sold. Your property should be priced to attract buyers within the first month of putting the house on the market. Monitor the weekly sales, you can position again your property with a revised asking price.
A Home’s True Value Is Determined By The Buyer
No matter what the market conditions are, one aspect always remains the same — the true market value of a home is only equal to what a buyer is willing to pay. Just because a seller believes their home is worth a certain amount of money, it does not mean that the ask will be equal to what a buyer believes to be an appropriate “bid” price.