Strategies to Avoid

Overvaluing
Inexperienced agents can be inclined to over-value a property when influenced by a vendor’s expectations. At Exchange Property we take a realistic approach to assessing the value of property. We will consult the latest Australian Property Monitors report for information about housing prices of a similar size within your area. This data will be combined with our up-to-date market knowledge and consideration of your expectations before we recommend the most appropriate pricing strategy to attract buyers.
To assist buyers in the decision making process, we also provide a list of comparable sales in the area.

Holding out on a bid
Clients should be prepared to agree to a sale ahead of auction if the price offered is within the expected range. It is important to realise that over a four-week campaign a buyer who puts in an early bid that is rejected can lose interest and go elsewhere.