A good realtor® is a home seller’s best friend. It is important to find someone to work with that has a proven track record and that knows the local real estate market.
Check your neighbourhood for “For Sale” signs to see what agents are already working in the area. Call or talk to them personally, asking them about their experience, their sales and about what similar homes have sold for in your neighborhood. Basically, you are interviewing the realtor to represent you, so don’t be afraid to ask questions. Finally, select the realtor® that you feel is most capable, and who you feel comfortable with.
Expectations From Your Realtor®
Realtors® are there to help you navigate the selling process. Your realtor will fully explain the steps along the way and what to expect with each of those steps. A good realtor® will keep you well informed so you don’t run into any surprises while selling your home.
What Your Realtor® Needs to Know About You
Your realtor® will ask you several questions that will help with the sale of your home. One of the first will be why you are selling your home. He or she will want to know if your need a fast sale, how you sit financially and what you have planned for the future. All of this information helps your realtor® decide how best to market your home and how to get you the best deal.
Determining the Price
In order to give an accurate estimate of your home’s value, your realtor® will use several tools. One is to compare your home against similar houses in your neighborhood and see what they are asking and/or selling for. Another tool is doing a market survey and combining that with a study of sales statistics that only realtors® have access to. The goal is to set a price that represents your home’s true value in the current market.
Understanding Your Property Value
Getting a grasp on what your homes value is is often something that the average consumer will have trouble with. When the emotion of home ownership is involved with fluctuations in the market, often an owner will get the value of the property wrong. It's important to enter the market from an analytical point of view and not allow emotions to skew your understanding of the value of your property.
The most important thing to do is to look at different properties in your area and price range that have sold recently. This will give you a better understanding of your property value and what to expect when listing it for sale. The market does often dictate how much you can get for your home, although there are little things you can do to increase your price which we will discuss with you when the time arises.
Location is always a fundamental aspect of a properties value. Is the home close to public transit? Does the neighbourhood have a high crime rate? What amenities are close by? Are there schools within walking distance? These are some of, but not all, the considerations a buyer will be looking at in regards to location.
What does the home look like? Does the exterior of your property look old and dated? If so, you might lose your buyer before they even enter the home. It's important your home has a comfortable feel to it, and provides all the features potential buyers are looking for.
There are many considerations when figuring out the value of a home, and these are a few of them. It's always best to get in touch with us, the only way we can provide you with an accurate assessment of your property value is to do the research needed and see the home in person. Get in touch with us at any time.