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4-room apartment in Neot Afka neighborhood
What's the Story?
Tamar came to me through a recommendation. She had a lovely 4-room apartment and the building in which the apartment was located was under the TAMA 38. The challenge was to price the apartment while taking the TAMA issue into account. On the one hand, if we had overpriced the apartment, it would have sat on the shelf for a long time, especially at a time when there were not many buyers in light of the rising interest rates. On the other hand, it was important to reflect in the price the potential inherent in the future project. Indeed, after a thorough market analysis, we came up with the right price and the apartment was successfully sold within a few weeks.
Real Estate Tip
Even if the apartment has potential for future improvement, it is important to remember that realizing the potential also involves risks. Therefore, pricing it too high, which ignores these risks, may harm the sales process and maximize the price of the apartment. When the apartment is priced correctly, it will sell quickly, even when the market is for buyers, as it was at the time of the apartment's sale.
In Tamar's words
“I gave Ran exclusive rights to sell my apartment and the process was quick and smooth. From setting the price and taking photos of the apartment (great photos), to presenting it to potential buyers and managing the negotiations, to signing the contract within a few weeks. Ran shared with me every step of the way, and was very professional, pleasant and reliable throughout the entire process so that I felt that he truly represented my interests, which was very important to me because this was the first time I had gone through the process of selling an apartment and I didn’t have much time to deal with it. In short, highly recommended!”