How much is my home worth? This is a question that is important to all of us for many different reasons and it is one that I get asked almost every time I meet someone and they learn that I am a Realtor. So…let’s review it.
What is Value?
In a perfect world, your home’s value would be everything you think and need it to be. However, simply put, your home’s value is not determined by you, but by what the market is willing to pay for it at a given time. These days, the “market” increasingly refers to home buyers who have researched property values over the Internet for months, have already viewed a number of homes, and are not under any undue pressure to buy.
How Do You Determine Value?
Estimating Market Value is accomplished by comparing your home to other homes that are currently for sale, have recently sold or have failed to sell. By carefully reviewing the locations and features of these “comparables” we’ll be better able to approximate your property’s ultimate selling price, which can be defined as the highest price that the market will recognize and pay. Approximating your property’s selling price will then help us to strategically determine a listing price that enables you to successfully sell your property for its top market value.
What’s the Bottom Line?
The bottom line is that studying what has recently worked — and what hasn’t — in your area will help you to develop a clear picture of the potential market for your property. This will in turn enable you to strategically price, position and stage your property such that you sell it for top dollar in a reasonable time frame, with the least inconvenience for you.
What’s Your Home Worth?
Are you thinking of selling? Want to find out what home values are in your neighbourhood?
If so, please call me at (905) 467-4446 or fill in your contact info below to arrange for a FREE-NO OBLIGATION HOME MARKET EVALUATION and I will help you answer the question…What’s my home worth?
You can also check out this interactive video series for people looking to sell their homes. Play along by answering questions to find out what your home is worth on the value meter compared to other homes. When you’re ready to find out what your home is really worth, fill out the contact form below.