When selling your property, the price it is on sale for is incredibly important - if it’s too high, then it may be very difficult to sell, but if it is set too low you may lose money in the long run.
We would recommend that in addition to speaking to local estate agents, you research the market yourself – assess the properties that have been sold in the area as well as trends. Be sure to research the local area and find out what other properties are available and how much they are selling for – as well as the price they are expected to go for.
When you are thinking about the price you are looking for, you should also consider any costs that you will need to pay – such as taxes, fees and expenses. After all, you will need to make sure that you deduct these costs off your selling price to understand your net return for the property.
Walk around your home and try and see a property the way that a buyer may see it – will your property be particularly attractive to overseas buyers? Does the property offer good facilities for the new buyer? Are there any features that you think you should try and highlight, or even change, to ensure a sale?
Different agencies are likely to value the property at different prices. The general rule of thumb is that the Portuguese agents will tend to value properties lower, whilst the UK-focussed agencies will value it higher. Our best recommendation is make the opening price a little higher than you require, so that you can always come down if necessary.