Home buyers are willing to pay more for homes in the next few months, so 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 Realtor to help you determine what your home is worth will help you determine the right price to sell it for.

If all you know is that your home is worth less than you thought it would, you are not alone. The steps to finding your home’s equity can be challenging – but they can also be simple. (Think about http://allanrankin.ca/ for more home selling tips.) It will help you understand what your home is worth and how you can find out its current value.  

What Is Home Value?

Your house will sell for whatever a buyer is prepared to pay for it, in other words “Market Value”. With this out of the way, a potential home sale will be much smoother and you’ll get a better aim at your dream buyers. 

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.

It will certainly be worth more if you live in a well-maintained neighborhood with a low crime rate. Accessibility to major highways and shopping centers can also increase the value of your home.

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 school that offers a variety of good programs can help you get a higher value for your home. According to the NAR (National Association of Realtors), 25% of homebuyers think about the school district where they live when they are considering buying a home.

Highly recommended to look at the prices of homes that buyers paid a lot more for. 

Consider the market or economy. If home buyers are selling more houses than sellers are buying homes, you may be able to ask for a price that is more than you are willing to pay for your home. Potential homebuyers could be discouraged by high interest rates as it would be much more difficult to pay off mortgages.