How do you know how much to list your home for sale? Do you just have a gut feeling about it? Or is there something more to figuring out what your home’s value is?
Sometimes it is hard for a home owner to figure out what to sell their property for. They have an emotional attachment to it: memories were made here, home improvements were worked on here, and there’s a real labour of love. So often they feel the property is priceless and worth well more than what the market dictates. Then the home sits… and sits… and sits for sale with no buyers in sight.
Think about it: if your home has been for sale for quite a while without booking many showings, chances are that Buyers feel it isn’t even worth viewing given the price tag. Or worse yet, people are coming to see the home but their feedback after their showings is that the home isn’t worth as much as other houses they’ve seen in your area. You obviously don’t want to have a home sitting stagnant on the market for months and months. That’s why setting the price properly right from Day One is so important to attracting the most buyers!
Never fear! Your Brantford Real Estate Agent is here! We know the market. We know what houses in your neighbourhood have sold for. We know what buyers are looking for and we know what they’ll be willing to pay for it. And we’re happy to share that personalized information with you!
Here’s how our FREE Home Evaluation works:
One of our agents will come to view your home in person. We need to see exactly what your home has to offer, and what condition everything is in. We might take some measurements, take some notes or snap a few photos of the property. It’s a great idea if you can be prepared with a list of any special upgrades you’ve done to the home: were the windows recently upgraded? Furnace serviced? Roof replaced? These could potentially play into your home’s ultimate listing price.
Next, we do our homework! We start by looking up other recent sales in your neighbourhood. By finding homes with comparable floorplans and finishes as yours, we can determine what Buyers have paid in the last few months for something similar to your home. Just because the 8-bedroom mansion with 4 acres of property down the street sold for millions of dollars does NOT mean your 2 bedroom townhome is going to sell for the same price. We will find “comps” (comparable sales) that will give us a more realistic idea of what the best price to list your home is.
Finally, we take the current market conditions into account. Have sales slowed down in this area? How much inventory is available for those hungry Buyers that are looking right now? If there are dozens of homes just like yours for sale (and very few buyers), you don’t want to be the highest priced home on the block unless you’ve REALLY got something special to offer.
By taking all of these factors into account, we can create a Comparative Market Analysis for you and show you all of the research we’ve done. We’ll determine the best price for your property and why we believe it is set properly to attract the most buyers without undervaluing your asset.
Booking a Free Home Evaluation is as easy as contacting our office! We’ll put you in touch with one of our qualified agents and get the process started! We will be here to guide you the ENTIRE way and explain everything to you so you understand all the steps to get from Listing Day to Closing Day. Give us a shout! We look forward to working with you soon!