It's very important to price your home according to current market conditions. Because the real estate market is continually changing, and market fluctuations have an effect on property values, it's imperative to select your list price based on the most recent comparable sales in your neighborhood. If all agents agree on a price range for your home, go with the consensus. Watch out for an agent whose opinion of value is considerably higher than the others. The list price is a seller's advertised price, a figure that usually is only a rough estimate of what the seller wants to get.
Sellers can price high, low or close to what they hope to get.
To judge whether the list price is a fair one, be sure to consult comparable sales prices in the area. The sales price is the amount of money you as a buyer would pay for a property. The professional valuation value is a certified valuer or chartered surveyor estimate of the worth of a property, and is based on comparable sales, the condition of the property and numerous other factors. Ultimately, the decision should be based on individual needs, the extent of work involved and what will add the most value. Most real estate experts say there is no such thing as getting rich quick in real estate.