Selling a property is a big decision that involves many important aspects and technical terms. Two of these terms that often cause confusion are the Offer price and the Selling price. Why is it so important to distinguish between these terms? And how exactly are these prices arrived at? We clarify these questions and show you how a careful valuation by an experienced real estate agent contributes to a successful sales process.
What is the offer price?
The offer price, often also referred to as the list price, is the price that the owner initially from potential buyers is required. This price is usually published in real estate advertisements and serves as a starting point for negotiations.
How is the offer price determined?
The asking price is based on an in-depth market and property analysis. Factors such as location, condition, fittings, size and current market demand play a decisive role. The aim is to define an attractive starting price that is both competitive and in line with the seller's expectations.
When is the offer price applied?
The offer price is determined at the beginning of the sales process when the Property presented on the market will be. It is important that this price is realistic in order to arouse the interest of potential buyers and enable a prompt sale.
What is the selling price?
The sales price is the actual price at which the property is ultimately sold. This price may be higher or lower than the original asking price, depending on how the negotiations go.
How is the sales price calculated?
The sales price is the result of negotiations between the seller and buyer. Factors such as the buyer's financial situation, competing offers and any defects in the property all play a role. A compromise acceptable to both sides is often found.
When is the sales price applied?
The sales price is determined when the purchase contract is concluded. It reflects the final negotiated amount that both parties accept.
The importance of real estate valuation
So that you can work with realistic prices right from the start, a Professional real estate valuation by an experienced estate agent is essential. A well-founded valuation helps you to determine the optimum offer price and increases the chances of obtaining a successful sale at a fair sales price.
Our team von Sawall Immobilien knows the local market and can accurately determine the value of your property based on comparable properties, location analyses and current trends. In this way, you enter the sales process with a realistic offer price and avoid your property remaining on the market for too long or even being sold below value.
Let us advise you!
Would you like to find out more about the sales process and the right pricing? We from Sawall Real Estate are at your side as a trustworthy partner and companion. Take advantage of our more than 20 years of experience to sell your property in Zehlendorf, Wannsee, Schlachtensee, Nikolassee, Dahlem, Grunewald, Kleinmachnow, Stahnsdorf or Teltow successfully and at a fair price. Get in touch with us for a non-binding consultation!
Note
For reasons of better readability, the generic masculine is used in this text. Female and other gender identities are explicitly included where this is necessary for the statement.
Legal notice: This article does not constitute tax or legal advice in individual cases. Please consult a lawyer and/or tax advisor to clarify the facts of your specific individual case.
Photo: © Robert Kneschke / stock.adobe.com
