Find Out What Your Home is Worth on the Open Market: Your Free Expert
Opinion of Value
Are you wondering what your home is worth on the open market?
Most homeowners are house-proud. They love their homes and think they are worth
a lot. You are probably in the same boat – you have put plenty of time, money
and effort into this big investment and of course you want to achieve the
highest possible return on that investment.
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Remember when you were buying your home? You probably weren’t too concerned
with what the sellers wanted to achieve. Instead, you kept your eye on market
conditions to make sure you weren’t overpaying. When the time came to make an
offer, you probably considered offering less than the sellers were
asking. You wanted your agent to negotiate the best possible purchase
price regardless of what the sellers wanted.
That’s why the truth is so important. Any agent can visit
your home, ask you what you want to sell it for, and agree with you. You can go
ahead and list your home for sale at that price, but that may not be what it is
worth on the open market – where supply & demand, not your personal goals,
determines your home’s true value.
We are in a price-sensitive market. Many sellers believe that if they price
their home high initially, they can lower it later. The truth is that often, when
a home is priced too high, it experiences little activity. Gradually
the price will come down to market value, but by that time it’s been for sale
too long and some buyers will be wary and reject the property. Also, you may
think that interested buyers ‘can always make an offer’ but if the home
is overpriced, potential buyers looking in a lower price range will never see
it.
A Free Expert Opinion of Value, or Comparative Market Analysis, is
an indicator of what today’s buyers are willing to pay for a home. It
compares the market activity of homes similar to yours in your neighbourhood.
Those that have recently sold represent what buyers are prepared to pay. The
homes currently for sale represent the price sellers hope to obtain. And those
listings that have expired were generally overpriced or poorly marketed.
We will prepare a value assessment for your home based on the most current
market information, examining such factors as Location, Size, Style,
Condition, Community amenities, Buyer supply and Financing options.
Together we will establish the proper list price for your home.
We have been creating many bidding wars for our sellers andselling the vast majority of their listings for more than the market
average. We also sell your home much faster than the Toronto
Real Estate Board Average - in 2011, our listings stayed on the market an
average of 11 days compared to the 27-day TREB average,
translating into less stress for you and savings on carrying two homes if you
have already bought with our help/service.
If you’re even thinking about selling in Toronto-GTA, a Free Expert
Opinion of Value is the most important thing you can do to prepare for
selling your home on the open market.
We love to help. Please let us know whatever it is we can do to assist you.