Home Value

When you are thinking about selling your home, one of the first questions you’re going to have is “how much is my home worth?” This is a natural thing to come up, especially if you’re curious as to where the market is heading in your neighbourhood or if you’re going to see a return on the investments in renovations that you’ve made to the property. The answer to how much your home is worth may even help you decide between selling now or waiting until a later point in time.

As I mentioned in my last blog post, “Price It Right and It Will Sell,” if your goal is to sell your house in a timely manner, you’re going to want to price it right for the market you’re in. The challenge is, the market is always changing and factors like the neighbourhood you’re in and recent sold properties (which provide the most realistic comparables) will all affect the price you’re going to want to list at to get it sold.

It seems like there are more and more systems out there coming out that use technology to automatically determine how much your home is worth. I’ve tried a couple, and while the convenience of getting an instant answer is appealing, it doesn’t necessarily mean that it’s telling you the whole picture. While this is a fun place to start to get an immediate ballpark price, it’s important to keep in mind that this is a starting point. There are a number of factors that go into pricing a home for a sale, and it’s important to keep in mind that no matter how sophisticated the home evaluation technology is, it can’t replace the accuracy of a professional real estate agent’s experience and expertise in providing a comprehensive home evaluation (at least not yet!).

If you’re still curious about the online home evaluation process and would like to get a ballpark figure on how much your home is worth, I do provide a complimentary resource on my website (click here to check it out). It’s as easy as typing in your current home address. From there, I would be happy to follow up with you directly to schedule a time to provide you with a complete home evaluation to accurately determine the price of your property and to also hear about your overall goals and timeline for selling your home. An in-person appraisal is a great way for me to do a visual inspection of your property and maybe even offer some advice as to how some improvements could help boost the list price.

If you’d like to learn more about the process, feel free to get in touch with me to set up a time that’s convenient for you.

Cheers,

Mel

Your London, Ontario Realtor®

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