How much is your home worth - today?

By
Real Estate Agent with Sutton Group-Associates Realty Inc., Brokerage


If you put your home on the market TODAY,

how much will someone be willing to pay for it?

Do you know how your REALTOR arrives at the value of your home, today?

REALTORS compare the features of properties that have just SOLD, and are in the same neighbourhood, in order to get a true picture of the value of your home.  (This is the perfect world scenario, although sometimes, if there are no recent sales, or no sales in the neighbourhood, we'll have to go to older sales, and adjust for time, and we may have to go to other, similar neighbourhoods ....)

 

 

There is a long list of features and amenities we look at/compare. 

Here is a short list:

- location

- condition

- number of bedrooms and bathrooms

- square footage

- construction (year, type)

- garage (parking), or lack thereof

- type of heating, air conditioning, swimming pool, and other features/amenities

- view from the property, or location within the street, neighbourhood (busy corner? facing a park?)

- ...



Before you put your home on the market, ensure your REALTOR goes over the market analysis with you, and make sure you understand it, so that you can list your home at a fair asking price. 

 

Remember also that when you are ready to buy, your REALTOR should also be educating you about all the properties that have recently sold in that same neighbourhood, what they sold for, how many days they were on the market, what's still available and what the asking prices are .... this will help you decide how much to offer on the property.

 

 

Whether you're selling or buying, or both, you want to see a current market analysis, and you want to understand it. 

The idea is not to give you information you would like/prefer to hear, in order to get the listing.

The idea is to get your home sold, for the highest amount possible, in the shortest amount of time, and that is only possible if your list price is realistic for the then current market.

 

 

If you are not currently working with a REALTOR, and require additional information, do not hesitate to call, or email, any time.  I'm here to help.

 

 

Toronto Real Estate by Sylvie Conde, Broker
Sutton Group-Associates Realty Inc., Brokerage   416-966-0300
sconde@sutton.com
www.sylvieconde.com

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Topic:
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Diary of a Realtor
Ontario Real Estate and Information
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Ambassador
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Celeste "SALLY" Cheeseman
Century 21 Liberty Homes - Mililani, HI
(RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE

Very good information and sound advice in what to expect from a Realtor®

May 30, 2009 11:10 PM #1
Rainer
205,225
Sylvie Conde
Sutton Group-Associates Realty Inc., Brokerage - Toronto, ON
Broker, Toronto Real Estate

Thank you, Sally.  I had a call today from a 'not very happy' customer, upset with a CMA, because it didn't take into consideration the large amounts of money they just put into the basement (marble floors, etc.)....

I think we have to do a better job explaining to people exactly what adds value and what doesn't, for that particular home, in that particular neighbourhood.

 

May 30, 2009 11:25 PM #2
Rainmaker
555,067
Janice Ankrett
Janice Ankrett Home Staging - Burlington, ON
Accredited Staging Professional

Sylvie - good post about the selling side of real estate. A realistic list price and proper presentation gets a house sold.

Jun 02, 2009 03:18 PM #3
Rainer
205,225
Sylvie Conde
Sutton Group-Associates Realty Inc., Brokerage - Toronto, ON
Broker, Toronto Real Estate

Janice, price has a lot to do with presentation.... and when nicely staged, price seems to go up. :)

 

Jun 02, 2009 05:51 PM #4
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Sylvie Conde

Broker, Toronto Real Estate
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