> Determining Value
DETERMINING THE VALUE OF
The market ultimately determines the true value of your property.
The following points should be taken into consideration before you are able to compare your home to similar properties and establish a competitive list price:
Getting To Know Your Market
The Comparative Market Analysis is an indicator of what today’s Buyers are willing to pay for a home. It compares the sales activity of homes in your neighbourhood which are similar to yours. Those that have recently sold represent what Buyers are prepared to pay. The homes currently for sale represent the price sellers hope to obtain. The listings that have expired were generally overpriced or poorly marketed.
The Comparative Market Analysis will help you and your Realtor establish the right list price for your home based on current market conditions.