Working out the selling price of your property is one of the most crucial tasks you need to do prior to putting it up for sale. You want to price it right so that you don't scare buyers away and you get a price for the property that you are happy with.

There are a number of factors that will affect the selling price of your house and there is some research that you need to do to determine what price to ask for for your property.

Firstly, invite a few local estate agents round to value your property. While they're at it sound them out on property prices in the local area and property trends. Try and get as much information from them as you can but make sure that the valuation is without obligation.

Secondly, visit property agents in your area and get the details of properties that are for sale in your vicinity. Next take a walk outside (away from the computer!!) and identify any properties that are for sale and that are similar to your own.

Also check out local newspapers for properties similar to your own in the neighbourhood. You can also examine past copies, which are usually available at the local library. Look on the Internet at estate agents websites to understand better what else is out there on the market.

After you've done this initial research you are in a position to understand the range of property prices that are on offer for properties similar to your own.

There are now a number of other influencing factors that need to be taken into consideration when firming up your asking price. These include such things as whether your property is in an area that is in high demand, if it is positioned amongst other attractive homes, does it have a garage, a landscaped garden, a master bedroom with ensuite, a conservatory, a south facing garden, secondary glazing, a fitted kitchen or an alarm system? Also, is it well maintained or newly decorated?

Other factors can negatively affect the price of your house. These include a property in a poor state of repair, a conservatory that takes up most of the garden, a badly designed extension, an outdated kitchen or bathroom, no garage or parking or a property that is close to a busy road.

Other considerations to bear in mind when fixing the selling price are the national economy and the uniqueness of the property.

When you've finalised the price, remember not to use a rounded figure to advertise the property. If the valuation of your property is € 100,000 advertise it at € 99,995. This old estate agents trick can pay dividends by attracting a much greater number of viewers.

Now you have a selling price that you can advertise to the world. If you've priced your property correctly there is no reason why it won't sell.

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