How a Market Analysis Today Can Best Position You for a Spring Sale

How a Market Analysis Today Can Best Position You for a Spring Sale

If you’re thinking about selling, you may already have an approximate idea of what your home could be worth. Sometimes you hear about what other properties are selling for, and most of the time this information is accurate, however a professional market analysis will give you the most comparable and reliable information you need to price your home right. When a Realtor performs a market evaluation, here’s what we commonly do:
First, we evaluate the location and lot size of your home, its age, size and condition, number of bedrooms, bathrooms, and additional features such as a fireplace, developed basement, oversized deck or garage, recent renovations etc. Next, we examine the condition of your home, including the interior and exterior. At times, a home can have a little more wear and tear, whereas another home can be in better than expected condition. In either situation, these factors are important to discuss when comparing your home to recent sales in the area. When considering the condition of your home we can suggest what improvements, if any, can be done to ensure your home is in its most saleable condition. Once we’ve researched recently sold properties, calculated for size differences, and made necessary adjustments for variation in features, renovations, condition, etc., then we can get an accurate price evaluation of your home.
When we meet new clients for the first time, we often discuss areas to declutter, minor repairs and renovations that will ensure your home presents its best once it hits the market. It’s not uncommon for this work to take a few days, a few weeks and for some families, even a few months to complete. For that reason, having a market analysis today can give you the prep time you need to best position your home for a spring sale. Also, if you’re planning to ‘move up’ to a larger home or if you want to downsize, a property evaluation can give you a fair idea of how much equity you have available for your future purchase.
Perhaps you’re some of the fortunate few whose home is already in saleable condition and you’re just waiting for the spring to sell. Currently, our market has some of the lowest inventory it has seen in months. You may have even noticed within your neighborhood the limited number of for sale signs compared to the majority of last year. With less competition and a number of potential buyers already house shopping, now is a great time to sell.
Whether you’re considering a move now or in the spring, we’d love to help! At times clients have said they didn’t want to bother us Realtors since they weren’t quite ready to sell, but honestly, it’s no bother at all. It brings us Realtors joy to know that we can help you to best position your home to sell. So, contact us and let’s do a market evaluation today! It is our honour to serve you!