Are you wondering what price your home in London, Ontario would sell for? Have a price in mind, maybe two or four?
I’d love to get!
I’m happy to get this much.
I’d have to really think about it
There’s no way I’d even consider that
There are several ways to price a home to sell.
Remember that value and price vary between sellers’ and buyers’ perspectives!
Set aside your view of your home’s value for a moment and consider what it is worth to a prospective buyer. Chances are, you have invested much time and money into making your house the perfect home for you. A buyer doesn’t share your memories or emotions or care about your financial situation.
Your friend at work or a relative told you what your home is worth.
You know what your neighbour’s house sold for two years ago, and yours is much nicer.
A Realtor may give you a comparative market analysis (CMA). This tool lets you see what other similar homes have sold for in your area. Ask why certain homes were included on the CMA while others were not. The CMA is an excellent tool for determining an asking price, but it is not necessarily the best.
Consider going to open houses. Remember to view other homes with the impartial eye of a buyer, not from the perspective of a current homeowner looking to sell.
The price-per-square-foot formula is a helpful way to compare apartment condos. It is unsuitable for houses, as most homes have different finishes and styles.
Is it a seller’s market? A buyer’s market?
Do you have to sell?
Want to add to this list?
Or use my 60-point valuation chart, our exclusive home audit, and a scorebook that addresses these questions and others to value your home and help you obtain a price that could exceed your expectations.
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