Considering Selling Your House And Require A Valuation?

David Tsegai By David Tsegai, 25th May 2011 | Follow this author | RSS Feed | Short URL http://nut.bz/1hr_h6rz/
Posted in Wikinut>Guides>Property & Real Estate>Selling A Home

Everyone who wants to sell their home is looking for the best price and the best terms they can. There are many things that impact on the sale price of a property, but what few people understand is that it really doesn't matter how much to paid for it or how much it would cost to rebuild.

What regulates the market value of a property

The current real estate climate determines the property's worth and if the market is not very good, then the market will not support overpriced properties. What are similar properties going for in your area? - This is an extremely significant factor which will determine the value of a property. The fewer matching houses for sale around your area, the less competition you have. You might be amazed to learn that the ultimate sale price of a house can be completely different than its assessed value for tax purposes.

The marketability factor of a house

If your home is older, has had any suspected or confirmed issues, or you have done a significant amount of upgrading, you may want to take advantage of the services of a professional home inspector. There are lots of things a home inspection will cover: plumbing, electrics, structure, roofing and appliances to name a few typical inspection items. The purpose is to detect pests, air/vapour/thermal/rain leaks, and the like. The inspector's job doesn't just cover the inspection, they are a valuable resource for offering advice on maintenance and repairs, explaining problems and answering any questions that may arise.

Market Research

As the name says, this tool compromises of a detailed comparison of your home to other similar homes in your neighbourhood to arrive at a reasonable asking price. It's best prepared by a agent with a lot of experience selling Calgary real estate and access to the most up to date, accurate reporting information and data on Calgary home sales. Don't think too much about how your house is comparing to the one down the street, any information you have of your home is always going to be an advantage. Comparative Market Analysis tools do have a shelf life! It is important that the market conditions are up to date, so if your CMA is over 3 months old then it is in your best interest to have it redone.

Tags

Calgary, Guide, Real Estate, Selling A House

Meet the author

author avatar David Tsegai
Hi, I am David.

Recently, I opened my own Real Estate Agency and I must say, I love the job! If you want to know more about me and my job, check my website at http://calgaryrealestate.ca!

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