I'm interested in your thoughts on whether to sell a particular property I own now or not. There are currently 4 houses for sale within 200 metres of the property I'm thinking of selling (in North Lakes, North Brisbane). Looking to put on the market for offers over $599k and it is a 5 bedroom + study (with a bit of a dodgy pool) on 624sqm's. Recent val (6 months ago) came in at $580k but other properties nearby are asking much more than this. One other house (two houses down) also has 5 bedrooms but no study and has an awesome pool (620sqms). They are asking for offers over $709k which I think is a bit high, but I can see why they would give it a crack. Two other houses down the road a bit are asking offers over $649k and each of these are 4 bed + nice pool. All are fairly equal in terms of finishes though mine is the only one with stone bench-top, new appliances, timber floors and newly reno'd main bathroom (but mine has the dodgy pool which I guess off-sets this). So, my question is; should I put it on the market now and be the property that offers more rooms but is asking for less $$$ (but also means I'm entering into a more competitive market)? OR wait until the other properties have sold or taken off the market? I guess the risk is if they end up selling out of desperation they might lower the expectation of sale prices for houses in the surrounding streets. What do you think?? Help I've been going around in cricles wondering what to do!