Recommendations for fixing the price of a house in ibiza

In order to achieve a quick sale at the right price, it is essential to pay close attention to the valuation of the property. In today's article we share with you some tips on how to set the price of a house in Ibiza.

The calculation should always be based on objective criteria, leaving aside emotional aspects, as the perceptions between seller and buyer can be different. That is why setting the price of a property in Ibiza is not an easy task.

From Ibiza Country Villas we recommend you:

USE PROFESSIONAL VALUATIONS TO OBTAIN OBJECTIVE DATA

The property market in Ibiza has certain peculiarities that only professionals in the sector are aware of. When it comes to setting the price of a house it is important to have real, objective and well contextualised data. 

Our real estate agency is one of the longest established on the island: we have more than 20 years of experience. We put at your disposal a team of multilingual agents who will help you to fix the price of your house in Ibiza so that it does not remain stagnant in the market for months.

BE RESTRAINED IN THE PRICE OF THE SALE

There is no point in inflating the price of your property if there are no buyers willing to pay the extra cost. Even if there is a desire to make a good profit on the transaction, pricing a house well above its value can have dire consequences.

The most important of these is that the property remains on the real estate market for too long. This is a critical factor because of the threat of price adjustment that could occur in the long term. 

WHEN IT COMES TO RECOUPING THE INVESTMENT...

...it may not do so in full. Realistically, on most occasions the sentimental value and the real value of a house in Ibiza differ greatly. A very representative example of this fact arises around renovations and improvements.

In order to fix the price of a house in Ibiza, the cost of these reforms or improvements cannot be added, as the buyer may prefer a cheaper house to adapt it to his taste. Or even that with the passage of time these reforms are considered obsolete or outdated.

IF NECESSARY, ADJUST THE SALE PRICE

Flexibility is essential if you want to sell your Ibiza property quickly and effectively. Even in good times, holding on to above-market prices will cause you to miss out on sales opportunities. You must be open to adjusting the price of the property downwards.

As we have mentioned in previous sections, having an empty property in your portfolio is an expense and a risk that it will remain too long without offers to buy. Count on professionals like those at Ibiza Country Villas to fix the price of your property.

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