It is important not to overprice the property.  While the tendency is to do that...1t may hurt long term.  This holds true for any type of property...detached, semis, townhouses, condominiums, vacant lots or estates regardless of where that property is...Georgetown,  Acton, Erin, Halton Hills, Norval, Ballinafad, Hillsburg, Rockwood, Guelph ...anywhere!

Factor's That Affect A Property's Value

• Location
• Style
• Age of the Home
• Condition of the Home
• Decor...more that it's up to date than the style of the decor
• Time of the year / Position in the Market
• Property - Lot Size
• The Neighbourhood and the Neighbours
• The Seller'sMotivation

Factor's that DO NOT Affect a Property's Value

• How much the Seller paid when the house was bought or built
• What upgrades were put in and the costs (if they were for their use & benefit)
• How much the Seller must realize from the sale of the house
• What all your immediate experts (family & friends) tell you the home is worth

What Really Determines The Price The Property Should Sell For

• The laws of supply and demand can dramatically affect the market.  What will a buyer pay for the property and what  will lenders agree to finance?
• Knowing the values of the homes in your neighbourhood is a real asset.  Your REALTOR® can supply this information so that you are making an educated decision.
• Fair market value is often defined as the price a ready, willing and able buyer is willing to pay for a property when:
  • The property is offered for sale on the open market.
  • The property is available for sale for a reasonable amount of time.
  • The buyer has knowledge of the property.
  • The buyer & the seller must not be under duress.

Market Conditions...Types Of Market

• It is important to know what type of market exists and what type of market you will be selling in.
• BUYER'S Market...when the number  of buyers are few in comparison to the home inventory.  This usually is characteristic of longer selling periods and stabilized or declining prices.
• SELLER'S Market...when the number of homes available are few and there are plenty of buyers for the inventory available.  This type of market is characteristic of fast sales and rising prices.
• BALANCED Market...The number of homes on the market equals the demand from the buyers.  In this market houses sell within a reasonable period of time, demand equalling supply, sellers accepting reasonable offers and prices are generally stable.

If you are interested in selling your home and would like to know what it is worth in today's market, I would be glad to prepare a No Charge / No Obligation Market Evaluation on your home. ... Just contact me and we can discuss your property and when it would be convenient for us to meet Click Here or phone me at 1-888-877-5165.

   Deborah Gilmore...Your Trusted Source For Anything Real Estate!