Market Appraisal ? Peter Gray explains what it means in Real Estate Ep.15

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By Toni Planinsek. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

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 Covered

The 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
Connect with Peter Gray

pgray@planinsekproperty.com.au

Learn more about Peter Gray

planinsekproperty.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

62 episodes