I have just sold my commercial property at Raymond Terrace, it was valued at the time of my husband's death 2 years ago at $x amount of dollars. I subsequently made the decision to sell the property and asked an agent about 9 months ago who specialised in commercial properties to give me an opinion on the sale price of the property, the opinion of value came in at between valuers $x plus $50,000.
I sold the property for $200,000 more than valuers valuation and $100,000 more than highest value given by agent. The one fact I believe neither checked was the sales data of the street my property is in and the street running parallel to it. After looking at the data I realised that both streets were tightly held and sales were few and far between. This is what I based my sale price on, I was literally inundated with buyers the first buyer fell out, that same day I contacted the next buyer, he offered me more than the original buyer and has bought the property.
What if I had not done my homework! I would have been a lot poorer. So the old adage of POSITION, POSITION, POSITION is still applicable.
As I write this another buyer has just phone me for the 3rd time to ask if the property sold
I sold the property for $200,000 more than valuers valuation and $100,000 more than highest value given by agent. The one fact I believe neither checked was the sales data of the street my property is in and the street running parallel to it. After looking at the data I realised that both streets were tightly held and sales were few and far between. This is what I based my sale price on, I was literally inundated with buyers the first buyer fell out, that same day I contacted the next buyer, he offered me more than the original buyer and has bought the property.
What if I had not done my homework! I would have been a lot poorer. So the old adage of POSITION, POSITION, POSITION is still applicable.
As I write this another buyer has just phone me for the 3rd time to ask if the property sold