Best way to achieve a relatively cheap price for property ?

Z

z106

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My sister is thinking of selling a property.

2 neighbouring similar properties are being advertised for 200k and 215k.

(WIthout question this is too high as 15 months ago i know of one that sold for 200k.)

Also there is another neighbouring one for 180k which is possibly a bit smaller alright but not by a million miles.

SHe would gladly take €150k as it would seriously help her out of a jam.
(obviously the more she gets the better but the priority here is speed of sale - not (within reason) what she gets for it)

So - to sum up - if the goal here is to achieve a price of 150k what should she market it at?
 
Last edited by a moderator:
bankrupt said:
Trick question?

150k?
Click to expand...

Well - possibly the problem with marketing it at 150k is that given the current climate. purchasers may not be happy unless they are getting it for,say,10% or so less than the asking price - and therefore simply won't bid as high as the asking price.

And if she prices it at c. 175k it may not stand out enough given the one that is there for 180k - which also isn't an option as she needs a pretty quick sale.

150k may well be the answer though.

I simply dunno.
 
160k - beats the next best by 20k and still room to drop 10k (~6.5%)
 
There is definitely an expectation amongst buyers that they will get a property at less than the asking price, so maybe 160k / 165k. talk to an auctionner who knows the market well. properties priced right are still selling quickly
 
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