• Choosing your house sale price

    Setting your house sale price

    In order to set the price for the sale of your home you will need to decide which fixtures and chattels (non-fixed assets) you will be leaving with the property. It is standard to leave the stove, dishwasher, curtains, light fixtures and any flooring/carpeting.

    Next, you need to determine the sale price of your house. There are two important considerations here: the price you need and what the current market price is.

    There are two types of formal valuation commonly used: rateable valuation (RV) and registered valuation. Rateable valuations are available free of charge for any property (just contact your local council). However, we do not recommend relying on just a rateable valuation alone, as they may not be re-evaluated regularly and therefore may not reflect recent improvements. Registered valuations tend to be a more accurate reflection of the current market but will need to be organised and paid for by the seller. For a registered valuation, contact QV or approach a registered valuer directly.

    Another good way of understanding what price your property may sell for is to have a look at what’s currently on the market in your neighbourhood. Have a look at similar properties for sale and try to visit their open homes.

    Finally, our onsite Property reports will provide you with a sample of recent sales in your neighbourhood for only $9.95 (plus some other interesting info). You’ll find these reports on most listings that contain full street addresses.

    Choosing a sales method

    There are a number of different sales methods for selling your house, including auctions, tenders by negotiation and ‘buyer enquiry over...'. However, for those selling their property privately, an asking price is generally considered the easiest and fastest way to sell. Consider setting a price slightly higher then what you’re prepared to accept, to leave room for negotiation.
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  • Seller's guide
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    Helpful resources
    Home Club. Westpac.
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