|
   
Images for our How to Sell Property in Portugal page were taken by the Living Portugal Property Group
Avoid Mistakes when you sell property in Portugal
Placing the Wrong Price on Your Property
Every seller of property in Portugal wants to get the most money possible when selling their property in Portugal. Ironically, the best way to do this is NOT to sell your property at an excessively high price! A high selling price will in some instances prevent potential buyers from even coming to visit your homey. Also, it may lead other potential home buyers to expect more than what you have to offer. As a result, overpriced properties in Portugal tend to take an unusually long time to sell, and they generally end up being sold at a lower price.
The key therefore is when you wish to sell property in Portugal, to list the property at the right price the first time around.
Mistaking Re-finance Appraisals for the Market Value
Unfortunately, a re-finance appraisal may have been stated at an untruthfully high price. Often, lenders estimate the value of your property in Portugal to be higher than it actually is in order to encourage re-financing. The market value of your home could actually be lower. Your best bet is to ask your property agent for the most recent information regarding property sales and realistic values in your community. This will give you an up-to-date and factually accurate estimate of your property value.
Please remember, in a rising property market you may be able to list your property for sale at a slightly higher price than market value, however in a stagnated or reverse market it may be wise to list your property for sale slightly below.
Download your Free Report, on How to Sell Property in Portugal, then scroll down to view our additional articles in the Sell Property in Portugal series.
|