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How buyers agents determine purchase price

‘Anyone can go out and buy a property but the challenge is to buy the right property that will reap you maximum financial gain in the long term, create wealth and lifestyle benefits.’

 Mark, Head Buyer’s Agent.

A property’s worth is judged primarily by ‘how much is somebody prepared to pay for it at the time?’  When determining a property true value a buyer’s advocate considers:


  1. Recent sales that are comparable to the property:

    Taking note of the prevailing market conditions, as these can generate a genuine insight into short-term trends and help prospective home buyers gain a feel for what they will need to pay to achieve their goals.


  1. Local market demand:

    If high buyer demand exists at a time when very little property is actually available, prices are likely to increase.


  1. ‘Seller motivation’

    – the reason the current owner is attempting to offload the property – might also play a major role in determining the final cost. If a quick sale is required, vendors have little choice.


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A Wise Buyer’s Agent can provide you with information and advice regarding all aspects of the house hunting process through competitive market analysis.





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  • Wise Real Estate Advice

    Wise Real Estate Advice
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    5 out of 5 stars

    Ken Stewart
    Ken Stewart

    5 out of 5 stars

    posted 3 months ago

    Mark was personally recommended to me as someone who could be of real help in appraising my property of interest and subsequently representing me at auction.
    He made time to meet for an initial chat over coffee. I was immediately impressed and relaxed with his easy and honest nature, as well as his willingness to listen to my needs.
    A genuinely nice bloke... well experienced in the RE scene, totally committed to helping his clients.... all in all, a very worthwhile experience.

    Joshua Peska
    Joshua Peska

    5 out of 5 stars

    posted 2 weeks ago

    Great service and excellent communication. He always offered relevant and helpful advice. I personally recommend anyone looking for property advice and services to contact Wise Real Estate Advice.