24/09/2026
Who 𝗮𝗰𝘁𝘂𝗮𝗹𝗹𝘆 determines the market?
Is it the neighbour? The owner? The agent? The buyer's uncle? The media? The person with five investment properties? The person who has sold four homes in their life? The valuer? The person who follows the market closely and knows what every house in the street sold for?
No.
The market is determined by one person. A buyer who is ready to sign a contract on your property, today, at a number, and who has the money or the finance to settle it.
That number is the market. Whether the owner accepts it or not.
The owner's decision is real and it's theirs to make. Say no, and the home stays yours. But saying no doesn't change what the market was. It just means you chose not to sell into it.
The buyer who just missed out doesn't set the market either. Neither does anyone else who was interested. Interest isn't a signature. The underbidder tells you where the competition was. The winning buyer tells you where the market is.
The agent's job is to facilitate the market. Find the buyer, negotiate the best price and terms that the competition allows.
Everybody else is an opinion. Some of them are very educated opinions, and worth listening to. But an opinion, however good, doesn't determine what a property is worth. A signed contract does.