Discerning Property Value

How is the market value of my property determined?

The market sets the price. Your local Royal LePage REALTOR® will help you set a realistic price to match market conditions. Your REALTOR® can give you a comparative market analysis based on similar homes in your area. It will show current listings, recent sales, and expired listings (a good thing to check because these houses are usually either overpriced or poorly marketed).

Your REALTOR® will help you develop a competitive price based on:

Location

Size

Condition

Community amenities

Financing options

Market conditions (Is it a buyer's or a seller's market?)

Remember: The market determines price. Avoid the urge to price your home based on considerations that do not affect its market value. For example, the following do not affect the market value for your property:

How much you need to purchase your next home

How much you paid

How much you spent on improvements

The value of a similar home in a different community

The cost to build the same home today

Your personal attachment to your home (Yes, it's your house and you're proud of it, but this makes no difference to potential buyers.)

Return to: Preparing
or
Selling

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Dale has answers to a lot of your questions and more professional tips to make your real estate transaction more pleasurable.
Call or E-mail Dale or click on "Ask Your Own Questions."

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Dale can send you information on any Property Listed For Sale on the Multiple Listing Service in the Ottawa area.
If you would like him to help you locate a home, please fill out his Information Request Form.

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Or perhaps you are considering selling your home in the near future, he can also offer you a
Free No-Obligation Market Evaluation Form.

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Royal LePage Performance Realty is Independently Owned and Operated, Brokerage
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