Comparative Market Analysis
At some time in your life you come across this question being home or property owner for sure!!
What is the Worth of My Home?
How Much Is Your House Worth?
How Much Is Your Business Worth?
How Much Is Your Investment Worth?
How Much Is Your Condo Worth?
Please use this or forward this page to your best friend or family member and help out!!
Ask us for Free #Market - E-Valuation Certificate™ or book as follows and obtain Online Opinion free for Your Home...
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The correct selling price of a home is the highest price that the market will bear. To assist you in determining the correct asking price we provide you with a comprehensive market analysis of comparable properties sold and offered for sale in your neighborhood with even most recent updates.
To provide a more detailed Comparative Market Analysis, we would be more than happy to also assess your listing in person.
Simply enter your criteria below, and we will provide you with a speedy response. The more information you give us, the more accurate the evaluation we can prepare. All information you provide is secure and will be kept strictly confidential. There is no obligation.
Please indicate when you are thinking of selling and if you are moving or relocating in or out of TORONTO (GTA).
A home evaluation will determine the current value of your home, helping you make an informed decision.
The Benefits of Pricing Right
1. Your property sells faster, because it is exposed to more qualified buyers.
2. Your home doesn't lose its "marketability."
3. The closer to market value, the higher the offers.
4. A well-priced property can generate competing offers.
5. Real Estate Professionals will be enthusiastic about presenting your property to RIGHT & QUALIFIED BUYERS
Complete the following form to receive a free home evaluation.
Pricing Your Property to Sell
If you’re planning on putting your home on the market, determining your asking price is the most important decisions you will make. Don’t be fooled into thinking you can start off with a high asking price, and cut the price later if you need to. If you want your house to sell beneficially, overpricing is a bad strategy.
When you price your home too high, potential buyers will likely ignore the listing. Then, when you eventually drop your price, buyers will see how long the house has been on the market and they’ll assume you’re a desperate seller — which you may be at that point. It sends the signal that there is room for even more negotiation. And if you price too low, well, no one wants to leave money on the table. So how do you go about determining a fair price?
Local Market Research
Sellers need to take the time to understand what’s happening in their local market. It’s important to look at what’s happening with home values in your area. This site enables you to research recently sold homes comparable to your own and check home value trends so you can set your price based on local market conditions. Listing Price is decided by seller and we help our clients in their decision making process with past and current market evaluation for selling ahead.
Check out your Competition
When you drive around town, check out the active competition. Are a lot of homes for sale? At what price point & in what terms &condition? If you find a home similar to yours that has been for sale for a long period of time, it likely means buyers don’t think the home is priced correctly for the market. Once you see the “#SOLD” sign, find out how much above or below the list price it sold for. This will give you a good idea of how the market is behaving and how aggressive you should be in setting a price
Use Agent Resources
This may seem like a no-brainer. But rather than just listening passively to what we as your agents recommend, or on the flip side insisting that you know best, engage in a real conversation about what buyers are looking for in this market and how your home stacks up. Are there improvements you can make so buyers would be willing to pay a higher price? Discuss your timeline to sell and if you should price differently based on that timeline.
Have your Home Inspected
Yes, buyers will most likely hire a home inspector, but sellers should, too. Hire a qualified inspector to evaluate your home’s major systems (electrical, plumbing, heating, cooling, roof, etc). Nobody’s home is perfect, yet sellers are often blindsided by demands for costly repairs they didn’t anticipate on systems they have never had issues with. Often, sellers feel stuck after possibly agreeing on a purchase price of less than they originally asked. Then, once their home is sold conditionally, they are asked to make costly repairs or reduce the price. On the positive side, if everything is in good working order after a pre-sale inspection, sellers can use this information as a marketing tool.
Personally Check Reality
Once you think you’ve come up with a good price, put yourself in the buyer’s shoes and see what else you could get for the asking price of your home. Often sellers are too emotionally attached to their homes to objectively place a value on the property. Once you start looking around to see what else is selling for that price, you might have a better idea of how appealing your house is in the current market.
Living in Toronto - Ontario? Looking for a free home evaluation? Just want a rough estimate? Well, if your home is in Toronto Ontario, using the evaluations form below, simply provide the details and I will e-mail some computerized market comparables of similar homes for your own evaluation and analysis! In compliance with local real estate rules home estimates for value can only be made after a personal inspection of the property which I will be happy to provide without obligation.
Neighborhoods Serving Greater Toronto Area:
Brampton, Mississauga, Vaughan, Etobicoke, Scarborough, York, East York, North York, Markham, Richmond Hill, Toronto, Pickering & Whitby AND MORE
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