If I Do Not Know What My Whitby, ON Home Is Worth, What Should I Do?

Home buyers are willing to pay more for homes in the next few months, so you need to know what your home is worth. Could there be a difference between what you think people would pay for it, and what home buyers are actually willing to pay for it based on history? Using this data with a Realtor Whitby to help you determine what your home is worth will help you determine the right price to sell it for.

If all you know is that your home is worth less than you thought it would, you are not alone. The steps to finding your home’s equity can be challenging – but they can also be simple. (Think about http://allanrankin.ca for more home selling tips.) It will help you understand what your home is worth and how you can find out its current value.  

What Is Home Value?

Your property is worth what someone else is asking to buy it. This is called your home’s market value. Once you know this, it’ll be much easier to decide how much it will go on the market for. 

A myriad of factors determine your home’s value and what it’ll sell for.

Your home value is going to be greater if the neighborhood is very appealing and there is a low crime rate. The closer a drive or walk to major shopping centers, the better.

You will Whitby ON Sell My Home for more if other people in the area are willing to pay a higher price for it. If you just had your home remodeled or added new appliances, it will increase its value.

Living near a school that offers a variety of good programs can help you get a higher value for your home. The NAR found that 25% of future home owners are influenced by proximity to a school.

Buyers will compare homes sold for a lot more than your home in the past few months with homes sold for a lot less. 

Home values can change depending on trends and behaviours in the current market. If you have many potential buyers for your house, you may be able to command a premium for your home. Potential homebuyers could be discouraged by high interest rates as it would be much more difficult to pay off mortgages.