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Why should I not advertise my property above the market price | ComprarCasa Porto Paranhos

When we decide to sell a property, it is natural that we want to get the best financial return possible. However, advertising the property above the market price can be a serious mistake.

In this article, we'll cover the importance of setting a realistic price and how a real estate consultant plays a key role in this process.

✔ Comparative market study: A real estate consultant conducts a detailed market study to assess the fair value of your property. This comparative study takes into account characteristics such as location, size, conservation status and other relevant factors. By listing the property above the market price, you run the risk of driving away potential buyers who are already aware of the values practiced in the region.

✔ Tracking the market response: During the sale process, a real estate consultant closely monitors the market's response to the advertised price. They analyze the interest of potential buyers, the number of scheduled visits and the proposals received. Based on this feedback, the real estate consultant can provide valuable information to the owner, helping them understand the reality of the market and make informed decisions.

✔ Setting the best possible price: The real estate consultant works together with the owner to agree on the appropriate price for the property. They utilize their experience and knowledge of the market to find a balance between the owner's desire to obtain a satisfactory financial return and the reality of the market. Setting the best possible price is essential to attract potential buyers and ensure a quick and successful sale.

✔ Avoiding the devaluation of the property: Advertising the property above the market price can lead to a devaluation over time. The longer the property remains on the market without buyers' interest, the more likely it is to be seen as a problematic or low-quality property. This can lead to a decrease in perceived value and make it even more difficult to sell.

When deciding to sell your property, it is essential to have the guidance of a real estate consultant. They are experts in evaluating the market, following trends and setting the appropriate price for your property. With a realistic price, you increase the chances of attracting interested buyers and making a successful sale. Remember, advertising the property above the market price can be a mistake that directly affects the speed and success of the sale.

🏡 Are you thinking of selling a property? The ComprarCasa Porto Paranhos team is here to help you every step of the way. We have a proven track record of success in selling real estate, and we can help you sell it at the best price, with as little hassle as possible and in the most effective way.

Don't wait any longer to take control of your future. Contact us today and find out how we can help you sell your property.

✅ Contact us now: 📞 (+351) 224 021 246

We look forward to working with you! 🤝

📍 We are located at Rua de Vale Formoso, n.º 112, Porto, Portugal.

📱 Telephones: (+351) 224 021 246 / (+351) 912 103 269

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