When you’re selling or buying a home it’s good to know how the value is calculated. There are many factors that can affect the value of your home.
First, you need to consider the current market climate. In hot markets, house prices rise. This is good for sellers. In downturn markets, though, buyers have the advantage of getting homes at lower costs. To assess the market climate, you’ll need to know about housing prices, average home sales, and average time on the market, etc. Is there any new construction in the area when you are selling?
Our Newsletter provides monthly stats for the Ottawa area. By watching these numbers change from month to month, you’ll know when it’s a good time to buy or sell. When it’s time to take action, we’re here to help.
Whether you’re buying or selling, we’ll do most of the research for you so that you can navigate the market. Our team can appraise your home to determine the optimum selling price before you list. Then you can assess the buying power you’ll have for your next home. When determining the price of your current home, we generally look into recent sales of homes by type and neighborhood. Then we compare those properties to your home to establish the best price. All of these resources are at our disposal to quickly assess the value of your home. But there are several things you can do to help us narrow in on the optimum price.
Here are some tips before we arrive to appraise your home.
1) Check your curb appeal. Don’t forget the first view of your home is outside.
2) Make a list of any upgrades you have made, the costs and any professional renovations.
3) Before deciding on any minor upgrades let us take a look. Sometimes we can provide a lower cost alternative to sell your home. We offer free home staging and often just a few adjustments can save you time and money.
4) Take into account the age of your home but also list all of the upgrades that have been made to modernize it.
5) Keep a folder of recent property taxes, utility costs and age of the roof, furnace, bathrooms, kitchen etc.
We also have various tools to market your home. You’d be surprised at the impact marketing can have on your final selling price. Professional photography, online marketing, and social media engagement will encourage traffic to your open houses and showings.
Give us a call and find out how we can provide you with a no-nonsense approach to selling and buying your next home.