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Determining Your Home Market ValueIf you have any questions or would like more information about determining your home market value please Contact Me at any time. If you are planning to buy your next dream home visit my Buyers Page for more information on buying. If you are planning to sell your home visit my Sellers Page for helpful information on selling. If you would like more information about the areas I specialize in visit my About Waterloo page, my Waterloo Education page, my About Kitchener Page, or my Kitchener Education and Culture page.
What is Market Value?Market value is the highest price that a willing buyer and seller, not under any compulsion or outside pressure, agree upon. Determined by outside influences, such as social and political factors, as well as the economy, market value is the price that your home should sell for in the current market. Your home’s fair market value depends on a number of other factors including, how it was built, its location, the condition it is in, the size of both the house and the property it sits on, as well as the price of other similar homes that have recently sold in your neighbourhood. The price you choose will also be determined by the tempo of the market, the public’s confidence in the current economy, and competition within the market. Ultimately, the market will determine the value of your home, not you, making the services of a trained professional who understands it and all of its complexities all the more worthwhile. Don’t hesitate to ask your REALTOR® any questions you may have – their knowledge could save you thousands of dollars please Contact Me for more information. |