How much is your property worth?

7 factors which can influence price

The short answer is that a property is only worth what the market is willing to pay for it, but in this blog piece we look closer at 7 factors which can influence exactly how much a property is likely to sell for and what can be done to influence the eventual outcome.

1. Market Evidence

We base our advice on our own vast experience of buying and selling properties in the Perthshire area and also by analysing local market data that we have access to which includes, where possible, previous sales within close proximity to your own property and of a similar size and type. Ultimately it is the appointed surveyor who will establish the valuation on the home report following their full inspection, but it will also be based on market evidence similar to our own. Our extensive local knowledge of working and living in the area gives us a key insight into how different areas are performing and what times of year may be better to sell in.

2. Being Realistic

One of the reasons we feel we have performed well in selling so many properties is because we are being very honest and realistic with the valuations and advice we are giving to our clients. Giving an indication of a value isn’t an exact science. There is no simple calculation that will be completely accurate, but we never waver from being completely transparent and truthful as to how or why we have arrived at our opinion. In a competitive industry, some agents may be tempted to overpromise and simply overvalue a property to win instructions.  However, this  can have an impact on the length of time a property sits on the market and whether a sale is achieved at all. Independent Rightmove data shows that, although we are one of the top performers for sales across all of Perthshire, we feature very low on the number of price reductions that we action on our properties.  This demonstrates that our valuations and pricing of properties is very accurate.

3. Features

Two neighbouring properties could very well sell for two completely different prices. If one requires significant modernisation or upgrading, it’s only natural that it may sell for a lower price. Things like a garage, south-facing garden, scope for extending, views and storage space can all have a say in how much a property will sell for. This is why we suggest having one of our property experts visit your home to fully appreciate and understand all of the key features it boasts in order to help arrive at an accurate valuation. 

4. Presentation

The condition of your property can have a major say in, not only achieving a sale, but generating viewings in the first place. We produce a full colour printed brochure for every property we list, together with floorplans, professional photos and an HD video tour. Before this takes place, we advise clients of the benefits of decluttering, tidying rooms or addressing any problem areas and how taking that little bit of extra time can really enhance first impressions. This is equally important for when viewers are booked to view

5. Location

There’s no doubt that the same type of property may sell for a different price if it’s located in a different area. Different areas of Perthshire can perform very differently from one another, let alone different areas of the
country. Again this is where our local knowledge and experience can prove to be crucial in establishing an accurate market value of a property. Things like school catchment, access to amenities and travel links all may have a say in what makes a location more desirable.

6. Marketing

When marketing a property, you want to make sure as many people as possible know about it. Whether it’s online, by word of mouth, by phone, email or a simple ‘For Sale’ board, generating as much interest in your property can be vital when trying to achieve the best possible price. This is why we use various platforms and methods to do exactly that. Using major property portals such as Rightmove, Zoopla and OnTheMarket, as well and our own busy website and social media sites (such as Facebook, Twitter and Instagram) open your property up to the widest possible online market.  In addition, we still believe in using the traditional methods to go that extra mile and leave no stone unturned in finding the perfect buyer.

7. Negotiation

The art of negotiating is a key attribute across a number of different industries and lines of work and estate agency is no different. How this aspect of a sale is handled can truly make or break how much your home could sell for. Knowing how to say something and when to say it comes with years of experience and being involved in hundreds, if not thousands, of sale and purchase negotiations. Whilst we may value a property at a certain level, our aim is to achieve the highest possible price and we often agree sales in excess of the home report value. 

Want To Know More About Buying & Selling a Property?  Come Along to our Blairgowrie Drop-In Event

Testimonials
Tunde Karlovski  (March 2020) – “The best in Perth!”Tunde Karlovski (March 2020) – “The best in Perth!”Tenant, 2 Bed Flat - Perth

Everything was as it was advertised!

The rental process was very professional and easy for me, the communication was excellent.

The online maintenance reporting is really good and always dealt with quickly.

I only have had a good experience with Premier Properties.

I would highly recommend Premier Properties Perth to anyone who wish to rent a flat/house. The best in Perth!

Fraser Morrison (March 2020) – “Excellent media coverage of the property, as opposed to alternative traditional approach. Prompt after-viewing feedback and regular, relevant communications and updates.  We always were aware that a viewing was happening and timing thereof.  Staff worked as a coherent team.”Fraser Morrison (March 2020) – “Excellent media coverage of the property, as opposed to alternative traditional approach. Prompt after-viewing feedback and regular, relevant communications and updates. We always were aware that a viewing was happening and timing thereof. Staff worked as a coherent team.”3 Bed Semi Detached House, Perth

We chose Premier Properties due to personal contact and recommendation from a friend.

Excellent media coverage of the property, as opposed to alternative traditional approach. Prompt after-viewing feedback and regular, relevant communications and updates.  We always were aware that a viewing was happening and timing thereof.  Staff worked as a coherent team.

There seemed be a string of varied viewers quickly after the marketing was launched. Managed to seal the deal and extract the offer promptly, using expertise to understand the likely market peak.

Highly professional throughout leaving us confident that marketing, viewing and getting feedback from viewers was progressing.

Yes, I would recommend- based on recent experience.

Alexis Hone (March 2020) – “Premier Properties have taken the stress out of letting my property”Alexis Hone (March 2020) – “Premier Properties have taken the stress out of letting my property”Landlord, 2 Bed Flat - Perth

I would definitely recommend Premier Properties, it has taken all the hassle out of letting.

I felt staff were very knowledgeable, gave great advice and kept in touch.

Premier Properties have taken the stress out of letting my property, they have been very helpful and organise maintenance quickly. I also really liked the form they sent out with the spending breakdown for the tax return.

Grace Liddiard  (March 2020) – “Everyone has been polite and helpful”Grace Liddiard (March 2020) – “Everyone has been polite and helpful”Tenant, 1 Bed Flat - Perth

I chose Premier Properties as they had a property to rent that I was interested in.

All relevant information was included in the property listing and I found the overall communication very good.

Any maintenance issues have been dealt with efficiently.

Everyone has been polite and helpful.

I would recommend Premier Properties as the communication is easy and they are always willing to help.

Jackie McCabe  (March 2020) – “Great service 7 days a week”Jackie McCabe (March 2020) – “Great service 7 days a week”Landlord, 2 Bed Flat - Perth

I would recommend Premier Properties to others – great service 7 days a week.

I felt the customer service was excellent – Murray was very good. Any maintenance issues have been dealt with excellently.

I thought the marketing of my property was very good. I chose Premier Properties because of their prompt and professional service.

Sheena Moyes  (March 2020) – “There is nothing they wouldn’t do to help you”Sheena Moyes (March 2020) – “There is nothing they wouldn’t do to help you”Tenant, 2 Bed Terraced House - Perth

I chose Premier Properties after meeting Murray who is always helpful and wants to help. Murray went out his way to help me in a difficult situation.

I find everyone that works for the company very helpful and I am always kept up to date with everything. Any maintenance issues I have had have been dealt with that day.

Premier Properties are so helpful and caring for any situation you find yourself in and are there for you 100%. There is nothing they wouldn't do to help you.

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