When it comes to figuring out how to price your home and get the most from your sale, there are 5 important considerations you need to make. Pricing a home is an art, and there is a right way and a wrong way to do it.
Here are 5 initial considerations to make while determining how to price your home…
1. Know Your Area
How much do you know about recent sales in your neighbourhood? Every home is unique, but it doesn’t hurt to do your homework. Do some research, and find out more about recent sales on your street, your block, or in your overall area. Once you get a better idea of what your neighbour’s house sold for, you will have a better opportunity to understand the market value of your own home. Want to learn more about the key areas of Toronto? Start with one, or all, of our neighbourhood guides.
2. Know Your Timelines
Our lives are always changing, and these changes can often influence some of our biggest decisions – including when we sell a home. Homes can be priced to sell fast, or they can be priced to find the right buyer. Depending on what you’re looking for, and what you need, the price you set to sell your home is dependent on your needs. Are you in a rush? Do you want to take your time? How fast you want to move will often determine how fast you’ll sell.
3. Know Your Home’s Value
It might sound simple, but knowing the value of your home relies on expert knowledge. Factors will include the condition of your home, the area surrounding it, and the market we’re in. All these factors change, and so does the value of your property. Getting in touch with an experienced Realtor helps to figure out how much your home is worth now, and how much it could be worth with improvements. Really get to know your home’s value, and price accordingly. Want to get a head start? All you have to do is click here.
4. Know Your Emotions
Selling a home is a high-stakes proposition because it’s likely the biggest asset and investment that you have; it’s easy to see why emotions can run high when it comes time to sell. Sentimental value is important, but the reality is that it doesn’t play a significant role in determining how much someone else pays for your home. Keep your emotions in check, and price your home with more of a detached, non-emotional approach.
5. Know Your Options
If you need to sell your home, you want to work with the right agent – one who has the necessary experience & can help manage your sale, and any prospective offers, with confidence. Select an agent who has the experience and ability to handle bully offers, coordinate showings, and handle the marketing for the best possible return.
We know how to price your home so that you get the most from your sale. For over 30 years, our clients have trusted us to minimize risk, offer unbiased opinions, and ensure their best interests are served. We can do the same for you. Contact our team today to talk about your needs by emailing us at niels@christensengroup.ca or calling us at 416-441-2888, Ext: 761
