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What Price Do You Come Up With When Selling a Home in London Ontario

Are you getting ready to sell your home in London Ontario, but don’t fully understand how the asking price is determined?

The more questions you ask about real estate estate in London Ontario, the more I can help

There are a number of ways to determine your home’s value:

  • Disregard for a moment what your view of your home’s worth and start considering what it is worth to a prospective buyer.  Chances are you have invested a lot of time and money into fixing up your house to be the perfect home.  A buyer doesn’t share your memories, emotions or care about your financial situation.
  • A Realtor may give you a comparative market analysis (CMA).  This tool allows you to see what other similar homes have sold for in your area.  Be sure to ask why certain homes were included on the CMA while others were not. The CMA is often a good tool to use to determine your beginning asking price but not necessarily the best tool.
  • Consider going to open houses (Unfortunately, because of COVID, open houses are not allowed) in your area to learn how other homes compare to yours.  Remember to look at other homes with the impartial eye of a buyer, not from the view of a current homeowner looking to sell.
  • Using the price per square foot formula is a good way to compare your home to others.  This should not be the only determinant, but it can be helpful in setting a fair asking price.
  • Is it a seller’s market? A buyer’s market?
  • Do you have to sell?
  • Use my 60 point valuation chart, our exclusive home audit, and a scorebook that addresses these questions and others. In turn, it will enable you to value your home and obtain a price that could exceed your expectations.

If you have 52 minutes to invest in learning the way to price your home, I can be reached at 519-435-1600.

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Ty Lacroix

"Not All Realtors Are The Same"! This website and content are for you and are designed and constantly upgraded with the latest real estate trends, how-tos, and what is for sale on MLS. Our primary focus is guiding home buyers and sellers to make good decisions. We believe selling real estate is a process, not an event or knee-jerk reaction; we sleep well at night and ensure our clients do as well! We are not for everybody, nor can we please everybody, nor do we tell people what they want to hear; I know that may be old-fashioned and boring, but we are dealing with hundreds of thousands of your hard-earned money. Would you rather be happy, excited and bored or unhappy, excited and make a poor choice? About Ty I am a Broker with Sutton Group Preferred Realty Inc., Brokerage and the team leader for The Envelope Real Estate Group, that's enough about me! You see, this is about you, you do not want to hear blah blah stuff about awards, designations, or that we walk older adults across the street (I used to help old ladies cross the street, but as I got older I did not want my wife to think I was flirting) the reincarnation of Mother Teresa, walk on water or anything else to impress you. We let the numbers speak for themselves; success leaves clues!

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