A blog cannot deal with all aspects of a subject and is not intended to replace professional advice. It's purpose is to highlight information and identify areas of possible interest. Anyone wishing to discuss this blog or to make any comments or suggestions about this blog is invited to do so by either posting comments or emailing me directly.

 

 
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Are you wondering what your home is worth on the open market?

Most homeowners are "house-proud." They truly love their homes and think they are worth a lot of money. You are probably in the same boat – you have put plenty of time, money and effort into this very big investment and of course you want to achieve the highest possible return on that investment. We all do!
 
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 very 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.
 
An 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, in poor condition, or were 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, Property Restrictions, Buyer supply and Financing options. Then, we also compare homes in your home's price range that buyers would be looking at - known as: the competitive set. As an Accredited Buyer's Representative® (ABR®) we know what, why and how buyers search for a home. This allows us to look at "price positioning" and determine a specific strategy to get your home sold for more money, quickly! Together we will establish the best list price for your home based on all these factors.
 
Our team at Real Estate Professionals has been marketing homes for many, many years. We have been successful in creating successful bidding wars for many of our sellers and even selling quite a number of our clients' homes for more than the market average. We know what needs to be done and are prepared to help!

 

If you’re even thinking about selling your home or investment property in the Calgary area, an Expert Opinion of Value is the most important thing you can do to prepare for selling your home today!
 
Request your Comparative Market Analysis here. It's your move...
Data supplied by CREB®’s MLS ® System. CREB® is the owner of the copyright in its MLS® System. The Listing data is deemed reliable but is not guaranteed accurate by CREB®.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.