You want to move out of your house in the next year and sell it. 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 Whitby to help you determine what your home is worth will help you determine the right price to sell it for.
If you feel you’re at the end of the rope and not sure someone will pay top dollar for your house, many homeowners are in the same position as you. The steps to finding your home’s equity can be challenging – but they can also be simple. (Consider https://www.allanrankin.ca/ for more home selling tips.) If you are considering selling your home, you should know what your house is worth and how to get an accurate value for your home.
What Is Home Value?
Your house will sell for whatever a buyer is prepared to pay for it, in other words “Market Value”. Once you know this, it’ll be much easier to decide how much it will go on the market for.
There are a lot of moving parts that determine a home’s perceived value as well as what type of buyers it attracts and how quickly.
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 Sell my home for more if other people in the area are willing to pay a higher price for it. You may be able to sell your home for a higher price if a lot of buyers are looking to buy a house.
Living near a great school can help you get a better price for your home. The NAR found that 25% of future home owners are influenced by proximity to a school.
Compare the prices of homes that sold for a lot more than what you were paying for it.
Consider the market or economy. If home buyers are looking for houses faster than there is inventory to sell, then you have a greater opportunity to get a better price for your home. A market with higher interest rates could be more difficult for homebuyers.