The rental or sale price of a property responds to different factors. Our advisor Patricia Barrantes tells us why it is important to define a fair price before placing the property on the market.
This particular property was on the market for several weeks with a price higher than the average for the area. After talking to the owner and letting her know that the rental trend in the area was lower, the rental price was reduced and the contract was signed in less than a month.
The fair price involves various evaluations; Market value responds to needs that affect the value of a property depending on time, location and special characteristics.
Patricia Barrantes, Asesora Nativu Grecia
Establishing clear and transparent communication regarding prices can avoid problems in the final stages of the negotiation. Giving a fair price, adjusted to the reality of the market, is essential to reach a balance between the different prices of the property and finally conclude the transaction in the most effective way.
