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Determining
The Value Of Your House:
The
Buyer is the one who ultimately decides the value of
any item, whether it be a car, commodities or a
home. If the item is over-priced, the Buyer will go
elsewhere.
In
order for you to compare your home to similar
properties and establish a competitive list price,
the following points should be considered:
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1.
Location - both the subdivision
and the street
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2.
Size
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3. Style - what
style is in most demand
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4. Condition -
includes inside upgrades and outside as
well |
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5.
Garage or no garage
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6.
Pool or not
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7.
What are the neighbouring houses
like |
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8.
Community Amenities such as which
schools and parks
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9.
Supply of homes on the market
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10.
General Economy of the area
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11.
Financing Options
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A
competent Realtor can provide a Comparative Market
Analysis to give you an indication of what today’s
Buyers are willing to pay for a home such as yours.
It compares the market activity of homes similar to
yours in your neighbourhood. Those that have
recently sold represent what Buyers are willing to
pay. The homes currently listed for sale represent
the price Sellers hope to obtain and are in
competition with you for the Buyers for your price
range. Information can also be provided on those
listings that have expired. Expired listings were
generally overpriced or marketed poorly.
I
will be pleased to prepare a comparative market
analysis for your home based on the most current
market information. Together you and I can
determine a proper price for listing your home by
taking all of these factors into account along with
the timing you wish to achieve. |
