you decide to sell your home, one of your first questions
is how much to ask?
want to price your home low enough to produce a quick and
efficient sale, but still high enough to get a reasonable
return on what is probably your major investment. Therefore,
it is essential to determine a fair market value.
market value is defined as the price a willing buyer will
to a willing seller without duress or pressure."
any other product, the value is based on supply and demand.
However, it is rare that two homes are exactly alike.
such as community, location, age, condition, improvements,
and design all have an impact on a home's worth.
similar homes compete for the same buyers, you will have to
make sure your home is priced competitively.
state of the market also affects value. If there are a lot
of homes for sale and just a few people interested in purchasing,
a buyer's market price tends to stabilize or go down. You
may need to lower your estimate of value in this kind of market.
a seller's market, there are many buyers and fewer homes for
sale. In this case you can expect to receive a higher price
for your home.
probably have a rough idea of the general price range for
homes such as yours by talking to friends and neighbours,
reading newspaper articles and real estate advertisements,
and comparing your home with others which have recently been
sold in your neighbourhood.
you need now is solid, factual information what will allow
you to judge the value more accurately.
best source for this kind of information is a Realtor, who
deals with buyers and sellers on a daily basis.
can provide you with a market evaluation of your home, free
of charge and obligation.
evaluation will take into account market conditions, asking
and selling prices for homes of the same type, and all the
special features that make your home unique.
have access to complete computer information on the homes
in your community which have recently sold and that are currently
entering information about your home into the computer, for
example, location, size and special features, we can get a
list of similar homes, complete with asking and selling prices.
we can compare these homes with yours, discussing the differences
and how they will affect the value.
in mind that many home owners tend to over-estimate the value
of their homes. Personal attachment, pride of ownership and
a desire to obtain as high a price as possible, all influence
to take an objective look at your property.
you overprice your home, you're taking a number of risks.
will take much longer to sell it and you will probably have
to lower your price to a more realistic market value. Such
reductions do not help your marketing position.
you have looked at general market conditions, the selling
price of similar homes, the features of your own home and
our evaluation, it should be easy to determine the FAIR
determine the Fair Market Value of your home, please call
The Stevenson Team.