The Price is Right: Tips For Determining the Asking Price

asking price

One of the benefits of choosing to purchase a home rather than rent is the opportunity for your investment to grow, giving you a larger return. As a seller, you want your home to attract top dollar, but determining the right asking price can be tricky. If the home is priced too high, you run the risk of turning away sales for more reasonably priced homes in your neighbourhood.

 

Main factors influencing the asking price of your home positively or negatively.

Tips for Determining the Value of your Home:

Explore Comparables: To find the true value of your home, start by doing some research. Explore previous and current listings to see if any have similar features to your home. If they do, you can look at the prices to get a rough estimate of what you could list your home for.

Talk to a Realtor: Our RE/MAX agents are always willing to help with all of your real estate questions. They not only know the local market inside and out, but they have experience pricing and selling homes in your area. Visit remax.ca to get in touch with a local RE/MAX realtor.

Hire an Appraiser: An appraiser is a professional who will be able to provide you with an unbiased current valuation of your home. When choosing an appraiser, make sure you choose one that is accredited by the Appraisal Institute of Canada.