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Market Appraisal ? Peter Gray explains what it means in Real Estate Ep.15
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Have you ever been looking at a property and wondered how in the world they came up with that price? In this episode, one of Toni’s employees, Real Estate Agent Peter Gray, joins the show to talk about how he determines a properties asking price.
There is a lot that goes into real estate appraisal and Peter shared a few pieces of advice that could save you some serious cash when it's time to buy your first property!
Some Topics CoveredThe property appraisal process
Property valuation vs market appraisal
“Underquoting” and how it’s hurting real estate auctions
Quoting a price the seller doesn't want to hear
The relation between property asking price and time on the market
Factors that affect the value of a property
Why you should buy an apartment that is part of a small development
How your offer should change depending on the amount of time a property has been on the market
Pictures don’t always tell the whole story
- Always go to the property
pgray@planinsekproperty.com.au
Learn more about Peter Grayplaninsekproperty.com.au/peter-gray
Toni welcomes questions and comments! Feel free to email her at toni@planinsek.com or check out more free resources at www.planinsek.com
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