Real Estate News - North Vancouver, North Burnaby, TriCities BC

Real estate news and updates from REALTOR® Nina Campbell. Nina gives the insider tips and resources for buying and selling real estate in North Vancouver, North Burnaby, and TriCities - Port Coquitlam, Port Moody, and Coquitlam.

 
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Listing your home for sale can be a very stressful process with the biggest factor usually being “What is my home worth?”

 

Our homes are our castles-no matter how quaint, how small, how old or young or how grand. They are most likely our largest asset, our emotional ties to our community and our family’s haven. Every homeowner can appreciate all the love, effort and endless pennies put into making their house a home.

 

So why wouldn’t you want a maximum amount from the sale of it?

 

Consider this when evaluating your home:

  • Market value is not what mom and dad, neighbours or best friends say it is - market value is what a buyer is willing to pay and a seller willing to accept under the present market conditions;

  • Market value will be determined by your property’s location, size, lot, proximity, maintenance and desire;

  • In most cases, upgrades will not pay back dollar per dollar spent. For example, if you install a $75,000 kitchen, your home is not necessarily worth $75,000 more; and

  • Market value is not based on what you want or need from the sale of your home.

So then how do you determine what your home is worth?

  • Know all that is listed in your neighbourhood. The house size, the property size, the age improvements, days on market and how  many times they have been reduced if at all. These will be your competitors;

  • Know all that has recently sold in your neighbourhood. Once again know everything about the properties that have sold. Every buyer, their REALTOR® and the bank appraisers will be comparing them to you;

  • Assess market conditions. Is it a hot market or are listings sitting stagnant for a very long time; and/p>

  • Hire an appraiser or a REALTOR® who specializes in

  •  your neighbourhood to help you best determine what your home is worth.

 

Do you have a real estate question, Contact me.

 

Nina Campbell’s Blog - Terms of use

Welcome to my blog. Thank you for visiting and I hope you return often. My blog focuses on topics related to real estate and I provide the blog in good faith based on my experience as a licensed REALTOR® for almost two decades and as a trainer for PRA™ Training, Inc. By visiting my blog, you agree that your use of it is entirely at your own risk. No warranty of any type is given by me as to the accuracy, completeness, reliability or timeliness of the content. Nothing contained in this blog con be construed as financial, investment, legal and/or other professional advice. Please contact me if you would like to reprint content. By accessing, using or browsing this blog, you agree to these terms and conditions of use in full.

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