If you’re selling your home, you’ll have a very personal
perspective on what it‘s worth. You’ll remember all the hours
you put into making the backyard flower garden beautiful, or
the work you put into renovating the basement, or the
money you spent on installing new hardwood floors in the
living room and hallways.
It’s natural to want these improvements factored into
the asking price.
However, potential buyers don’t have that same perspective.
Although they may appreciate the improvements made to the
home, buyers will only be interested in paying current
market value for your property. That’s the price for which
comparable homes with comparable features are currently
selling in your area.
Buyers don’t see all the hours you spent on
improvements and renovations.
What they see, instead, are the final features: the hardwood
floors, the freshly painted bedrooms, the sparkling new
master ensuite. Features like these will certainly help sell your
home faster and for the best price — but that price will likely
be close to the current market value.
Now, it’s tempting to try to set a list price high above the current
market value in the hopes that some buyer will appreciate all
the time and money put into the property. But that strategy
rarely, if ever, works. In most cases, pricing your home higher
than comparable properties on the market only discourages
potential buyers from viewing it.
Buyers expect to pay market price.
The good news is that the current market value of your home
may be a lot higher than you think. The only way to know for
sure is to have an experienced REALTOR® look at it and
provide you with an estimate.
Want to find out the current market value of your home?
Give us a call today at 403-294-1500 or contact us through this website.