Pricing your home right

Property Value

 

 

 

 

 

 

 

 

 

 

 

Thinking about selling your home? Your success will partly depend on how you price your property.

Our latest column in the Winnipeg Free Press reveals five pricing strategies that can help you determine a realistic selling price.

1. Review comparables

This means finding homes in your market with the same characteristics as yours.

2. Check unsold homes

Look around your neighbourhood and find homes that are similar to yours, but have not yet sold. Check out their asking price and compare the properties’ conditions and features with your home.

3. Get a Comparative Market Analysis (CMA)

One of our REALTORS®, at ComFree Commonsense Network broker in Manitoba, will gather all of the relevant local market information and provide you with a Comparative Market Analysis.

4. Get an appraisal

An appraisal can cost between $250 to $400 depending on the size of your home and its uniqueness. Once your home is reviewed for amenities and inclusions, the appraiser will compare your home to others on the market. This appraisal estimates your property’s fair market value, but does not necessarily set the price.

 5. Remove Emotions

Take a realistic look at the renovations you have done – are they in line with what other sellers have done to upgrade their homes? Be objective, the market determines what consumers are willing to pay.

It does take research and work to determine the right price for your home – but once you do, with help from the steps outlined above, selling your home should be a quick and smooth process.

Read the complete article here >

 

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