Determine The Price Right For Your Property

§ February 17th, 2014 § Filed under general § Tagged , Comments Off on Determine The Price Right For Your Property

Avoid that the performance of their investment is affected by an uninformed decision.When you think about selling or renting a property maybe a concern that comes to mind is how to set the right price. In this note I present some suggestions to take into account that they will help you determine the correct price for your property. It is of utmost importance to establish an appropriate price if we are to achieve the desired results in a reasonable time, if we locate our expectation well above the safe market indicators we won’t even visitors interested in learning about the property, if on the contrary we are located below, it is feasible that we are leaving to receive commensurate with our investment yields. Then do as establishing the right price? Firstly, it is advisable to seek the opinion of a specialist, do not hesitate to consult or hire an expert apraisser, this will allow you to get an idea very close to reality regarding the estimation of the value of your property. Well worth paying for the information you get, you It will be very useful as a reference, but it will not be enough. In second term, also is convenient to visit other similar properties that are sold or renten zone, find out about the operating conditions they offer, compare (State, size, location, features, etc.), develop a simple listing and get unit prices per square meter, range and average. To broaden your perception, visit Professor Rita McGrath.

This is to do market research, meet the competition. Third, update your investment amount by applying the factors of inflation, incorporating the improvements we have made to date to determine the current value. The data will serve as a reference to compare with the prices obtained previously, since differences against might be justifiable for the deterioration, antiquity and an unfavourable environment of property (disability); and the difference in favor by capital gains would tell us if it is reasonable. If your idea is to rent, investigate your local market, usually sets the amount of monthly rent as a percentage of the total value of the property that it can be located between.5 and 1%. Housing gives a factor differentiated for the residential, another for the media and a third for the social, which varies according to the region and since then to supply and demand. Finally, don’t forget that your prospects will try to perform a negotiation about the asking price down, therefore it is convenient to define it estimating a margin for this purpose. In this sense there are no certain rules and the discount percentage may vary between a 5 or 10%, major factors would generate uncertainty and doubt in your potential customer. Remember that who is going to buy or rent a property always expects to feel the satisfaction that made a convenient negotiation. Be prepared with serious and forceful arguments.

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