“What is my Saskatoon home worth?” A Comparative Market Analysis
So you’re thinking about selling your home (maybe refinancing) and you want to find out “What is my Saskatoon home worth?”
…where do you start? First, note that any valuation of your home is simply an estimate. Even a professional appraisal is a mere opinion, although an educated one at that, of what your property may sell for if it was listed on the market.
Let’s get together for a “No Charge” Personal Consultation.
Your property’s value depends on a number of factors – some that are out of your control, like the market, while things like renovations and the season in which you choose to list/sell your home.
When you put your house on the market, chances are you’re hoping the following will happen:
• It will sell quickly.
• You will get the highest price possible for your property.
• The process will be smooth and trouble-free.
I’m the expert at achieving just that for my clients.
I’m proud to be the real estate agent of choice for those who want a great experience selling their home. I take a “clients-first” approach, which means you’ll be working with a professional who truly listens to you, promotes your listing aggressively, and keeps working until your property is sold and closed.
Throughout the process, I’m with you every step of the way, making sure your questions are answered and that the entire experience is a positive one.
If you haven’t sold a home before, keep in mind that I work on contingency. I only get paid when your home sells. So there’s no risk
How do You Determine Your Asking Price?
You obviously want to sell your house for the highest possible price. You may even have a number in mind. But, how do you determine if that number is reasonable? You may be concerned that:
• If you list your house too high, few buyers, if any, will see it.
• If your price is too low, you could end up leaving thousands of dollars on the table.
Don’t worry. I’m an expert at creating a pricing strategy that will pique the interest of qualified buyers – and set the stage to get you the highest sale price possible. I’m also a specialist in the local market. I know what properties like yours sell for, and can get yours sold at the high end of that range.
I begin by getting to know your property and all its desirable features. Then I make some calculations to determine its Current Market Value. That value is based, in large part, on what similar houses in the area have sold for recently.
Of course, buyers won’t pay for the sentimental value you place on your house. But special features such as hardwood floors, a newly renovated kitchen or bathroom, or a beautiful backyard patio can have an impact on how quickly a property sells and for what price. I’ll help you understand all the factors that go into setting the list price, and ensuring it is just right for the marketplace and your goals.
Your Personal Consultation
To get started, I recommend we schedule a Personal Consultation. I’ll visit your home, do an FREE comparative market analysis of your property.
What is a Comparative Market Analysis?
It is the process Realtors use to calculate the market value of properties they market.
How do I do a Comparative Market Analysis?
1 ) Visit the property!
The first thing I do when requested to do a Comparative Market Analysis is to physically visit the property. Visiting the property is key! In my opinion, it is impossible to get an accurate idea of market value on a property without seeing the property.
2) Only Analyze What I Know. Local Expertise is Key!
I can only do an accurate market analysis on properties I know and am familiar with that are within my geographic area of specialty (Saskatoon). If I am asked to do a market analysis on a property that is outside of my geographic expertise, I will ask to refer the client to an area expert. Always hire an area expert!
3) Calculate a List Price based on Relevant and Current Information.
Once I have seen the property, I look at comparable (Similar square footage, age, type of construction materials, number of bedrooms, number of bathrooms, lot size, etc) properties in the area that have sold in the last 30-90 days as well as nearby properties that are actively listed on the market. I use MLS data as well as information on private non-MLS sales.
In a stable market the sold price of properties will have more relevance and in a more volatile market, asking prices will be more relevant. How long these comparable properties have been on the market as well as overall market conditions and trends will also colour my analysis. Canceled, and expired listings will also have an impact based on their over optimistic pricing.
4) Present A Clear and Understandable Report with all Relevant Data that Supports the List Price.
Once I have completed my Comparative Market Analysis, I will call you to set up a time to review the report and all of the data that I used to come to my conclusion. The Comparative Market Analysis should make sense to a potential seller and a Realtor should be able to make a convincing argument for the recommended list price based on the data. A Comparative Market Analysis should provide you with the data the conclusions are based on.
WOULD YOU LIKE TO KNOW THE VALUE OF YOUR HOME in Saskatoon? Call 306-370-8059 or Email Me for a Free Market Evaluation!
If you plan to purchase another home in the area, we can talk about that too. In fact, there are significant advantages to having me help you with both transactions.
This consultation gives us both the opportunity to get to know one another and to see if there’s a good fit. You’ll learn how I work, how I market and sell homes, and how I attend to my clients’ needs.
After this consultation, although most people are eager to get started with me as their agent, there’s no obligation. This is a get acquainted meeting only.
So let’s meet. Please submit the form below or call or email me today to schedule your Personal Consultation.