Price it right

It will probably come as no surprise to hear that homes are the priced ‘right’ sell more quickly.

Homes priced ‘correctly’ currently sell on average 26 days quicker than homes that experienced a price reduction, according to new research by Rightmove. Correctly priced homes are nearly twice as likely to be Sold Subject to Contract within four months of listing compared to those that have had their asking price reduced.

It’s estimated that around 16% of properties currently on the market have experienced a price reduction, with an average reduction of 5% from the initial asking price.

But what is the ‘right’ price? Sadly there’s no one size fits all answer as the right price for you and your property, as it will depend on your specific circumstances. Our local experts spend time with you to get to know you and your requirements so they’re able to provide an accurate and realistic valuation.

Our valuation is based on a number of factors and we’ll take into account any improvements or renovations that you’ve made as well as discussing what marketing strategy would be best for your property.

Interested in booking a valuation or speak to your local office for more information on the property market in your area.

Sources: Dataloft, Rightmove (based on 300,000 newly listed properties)