Office: 613-932-4663
 Email: Info@StormRealty.ca

         

Determining Your Home Market Value

If you have any questions or would like more information about determining your home market value please Contact Us.

Determining Market ValueNow that you have made the decision to sell your home, it is time to determine its asking price. Since the procedure by which it is calculated can be somewhat complex, you will want to seek the guidance of a trained professional – you're REALTOR®. Should you price your home too low, you could potentially cheat yourself out of thousands of dollars. Conversely, if you price your home too high, potential buyers will bypass it in favor of something more reasonably priced. Leaving your home on the market for too long could have the adverse effect of giving it an unfavourable reputation. The object is to choose a price that is neither too high, nor too low. The asking price should be both accurate, given its market value, and fair. Your REALTOR® is familiar with the market and all of its changes. Take advantage of their knowledge and expertise.

 

What is Market Value?

Market value is the highest price that a willing buyer and seller, not under any compulsion or outside pressure, agree upon. Determined by outside influences, such as social and political factors, as well as the economy, market value is the price that your home should sell for in the current market. Your home’s fair market value depends on a number of other factors including, how it was built, its location, the condition it is in, the size of both the house and the property it sits on, as well as the price of other similar homes that have recently sold in your neighbourhood. The price you choose will also be determined by the tempo of the market, the public’s confidence in the current economy, and competition within the market. Ultimately, the market will determine the value of your home, not you, making the services of a trained professional who understands it and all of its complexities all the more worthwhile. Don’t hesitate to ask your REALTOR® any questions you may have – their knowledge could save you thousands of dollars please Contact Us for more information.


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The Storm Realty Story

Steven Iwachniuk Broker of Record and Owner of Storm Realty started selling real estate on April 1st, 2004 with another local real estate company in Cornwall, Ontario. Roughly six years later in 2010, one night Steven was going to bed and he ask himself, "What do I want to do with the rest of my life? He then wrote the question down on a piece of paper and put it beside his bed. Around 2:30 am that night he jumped out of bed. His wife Julie was startled and ask what's wrong? Steven replied, I know what we need to do. We are going to open our own real estate brokerage. ‚ÄčThe very next day Steven started researching, how do I open a real estate brokerage in Ontario, Canada and then a few days later he went to see his lawyer to start the process. On June 24th, 2010, Storm Realty was born. Read More >>

Storm Realty

1410 Pitt Street,
Cornwall, ON, K6J 3T8

 Office: 613-932-4663
 Fax: 613-932-3600
 Email: Info@StormRealty.ca