1. Advice
  2. Selling Your Property In Thailand - What You Need To Know
  3. Pattaya Property Selling Guide
  4. Determine Your Property’s Value And Set The Right Price!

Determine Your Property’s Value and Set the Right Price!

Written by FazWaz
Panatda Choochuay
Edited by Panatda Choochuay
Gate Thanyathorn
Reviewed by Gate Thanyathorn
Determine Property’s Value and Price!


Selling a property can be a complex process, but having a clear understanding of the local real estate market including the value of your property is crucial to getting the best outcome. To determine your property's value, you need to consider various factors such as the local market conditions, the features and location of similar properties, and also the state of your own property. By making necessary improvements, hiring a professional appraiser, including setting the right price, you can ensure that your property is well positioned in the market.

Understanding the Market

Before determining the worth of your property, it's essential to have a deep understanding of the local real estate market. Assessing recently sold properties similar to yours in terms of size, features, and location can offer insight into current market trends and what buyers desire. By utilizing online tools like Zillow or Redfin, along with the Automated Valuation Model available on the Fazwaz platform, you can obtain an estimated value for your property. These estimates are calculated using real estate data and are based on your property's specific characteristics including location. However, it is important to note that these estimates should not be solely relied upon and also should be further validated through market research and analysis.

Setting the right price

After gaining a clear understanding of your property's worth, the next step is to set the right price. It's important to strike a balance between pricing too high and pricing too low. Pricing too high can deter interested buyers, causing your property to sit on the market for an extended period without receiving offers. On the other hand, pricing too low can result in leaving money on the table and not getting the maximum return on your investment. Therefore, it's crucial to find the sweet spot and set a price that accurately reflects the value of your property and appeals to potential buyers.

Maximizing Your Property's Exposure Through Marketing

Selling your property quickly and for a fair price requires an effective marketing strategy. This involves showcasing your property in the best light possible, from taking high-resolution photos that accurately represent its features, to crafting a compelling including detailed property description that highlights its unique qualities. Additionally, it's essential to advertise your property on popular real estate websites, as well as on social media platforms where potential buyers are likely to be browsing. Having a well-crafted marketing strategy can make all the difference in attracting the right buyers and securing a sale. If you are feeling overwhelmed, consider hiring a knowledgeable real estate agent who can assist you with marketing your property and handling negotiations with potential buyers.

Making necessary improvements 


Before listing your property for sale, it's wise to assess if there are any necessary repairs or improvements that can be made to increase its value. While small updates like a fresh coat of paint, fixing leaks, or upgrading outdated fixtures may seem minimal, they can have a major impact on the perceived value of your property. These types of upgrades can not only make your property more appealing to potential buyers but can also increase the overall value and help you receive a higher selling price. It's important to take the time to evaluate the condition of your property and make any necessary repairs or enhancements before setting a price. This can go a long way in ensuring that your property is well-received by the market and sells for a fair price.

Hiring a professional appraiser 

Enlisting the services of a professional appraiser can greatly benefit those seeking a precise evaluation of their property's worth. The appraiser, being an expert in the field, will thoroughly inspect the property, taking into account all its distinct characteristics and surroundings. This physical inspection will be complemented by an in-depth analysis of relevant market trends and factors, leading to the creation of a comprehensive report detailing the property's exact value. Engaging the services of a professional appraiser provides peace of mind, as well as a more accurate and trustworthy estimate of the property's worth.

Overall, selling property successfully requires a clear understanding of the local real estate market and property value. This can be achieved through analysis of comparable properties, use of online tools, and appraisal by a professional. Enhancing property with necessary improvements and setting a competitive price increases its value and appeal to buyers. Effective marketing, including high-quality photos, compelling descriptions, and advertising on leading real estate websites, is key to reaching potential buyers and securing a quick, fair sale.


List With Us

Previous Article
How To Effectively Sell Your Property in Pattaya
Next Article
Tips For Sale Property in Pattaya: Legal, Tax, and Contract
  • Fazwaz Group Sites www.fazwaz.cn www.fazwaz.ru www.fazwaz.fr www.fazwaz.de www.fazwaz.es www.fazwaz.jp www.fazwaz.co.kr