When setting an asking price for your property, it might seem logical to base it on what your neighbours' homes have sold for. However, this approach can be misleading and potentially detrimental to your sale. Even homes of similar design can have significant differences that impact their value.
Firstly, consider the updates and upgrades. A neighbour's house that sold for a high price might have undergone extensive renovations, such as modern kitchens, updated bathrooms, etc. These enhancements can significantly increase a property's value. If your home lacks these features, basing your price on theirs could result in overpricing and a prolonged time on the market.
Market conditions fluctuate, and the timing of your sale compared to your neighbours' can influence value. It's essential to consider a comprehensive valuation that includes these nuances.
If your home has been on the market without any offers, take action today and reach out to me at 966 718 392 for a complimentary consultation and valuation.
Buying? Download “Your ESSENTIAL property buying guide for 2024”: www.BuyMyHomeInSpain.com
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