Understanding market value
If you were going to sell your car, what would you do? Well,
you would probably check the classifieds section of your
newspaper to find out how similar vehicles to yours are priced.
Then you would set your advertised price within that range.
What you would be doing, perhaps without knowing it, is
determining the “market value” of your car.
Market value is simply what buyers today are willing to pay for
a particular product.
When you decide to put your house up for sale, one of the first
things you and your REALTOR value of your property.
That’s important to know because if you price your home too
much above its market value, you probably won’t get any offers.
Alternatively, if you price your property too low, it might get
snapped up quickly but you’ll have left a lot of money on the table.
How does a REALTOR help you determine your home’s current market value?
He or she will look at a variety of factors, such as the
desirability of the neighbourhood, the features of your home,
how well it has been maintained, renovations and other
improvements you’ve made, and of course, its location.
Your REALTOR area have sold for recently – which is, perhaps,
the strongest indicator of current market value.
Once you know the market value of your home, you can make
an informed decision as to how to price it so that it will attract
the right type of buyers and the best possible price.
Should you price your home high above its market value in the
hopes that some unwary buyer will purchase it? Unfortunately,
that rarely works. “Staging” can be as simple as cleaning and decluttering, or as elaborate
There’s no doubt that staging can help sell your home faster, and for a better price. The question is whether you need a professional home stager to
Should you hire a professional home stager?
You’ve probably heard about home staging. It involves decorating
your home so that it looks attractive to potential buyers.
as making each room look like it’s part of a high-end model home.
help you. That depends on a lot of factors. Your home may already
look great, or it may need some extensive staging to make it look its
best to potential buyers.
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