I am starting to think of moving but have no idea what my home is worth.
 How do I find the true value of my home?
One of the most difficult parts of collecting the information to help you with your decision to sell, the right timing and identifying the amount of money you are dealing with when you purchase your new home, is finding out what your home will sell for.
A recent survey of the local market showed that more than 50% of the homes that had sold had been reduced and/or marketed more than once before they sold. In other words one of three things happened: (or a combination of)
1) the agent made a mistake on a price for the current market.
2) the homeowner wanted more than the market was willing to bear.
3) the market shifted after the home was placed for sale requiring and adjustment.
The three goals I strive for when advising a client are:
- Make your move as smooth as possible.
- Get you where you want to go, on time.
- Put you in the best negotiating position possible to achieve the highest dollar value.
(I like my three points more than the 3 regarding price reductions)
As a service, I am happy to send you comparable properties in your local area for you to narrow down a value range: and if interested we can set you up on an automatic email program to alert you when homes similar to you home are listed for sale.
An accurate value, one that you can work out your exact equity would require walking through the home and taking detailed information and some homework before an accurate figure can be understood. Many things affect value and one key item of determining pricing is how the property is staged. Staging can either add or detract up to 10% to the value of a home. If what you are interested at this point is a guideline or rough guess just fill out the form that follows and I will be happy to send you any homes that have sold and ones currently on the market.
When the time comes for an exact selling price it just takes a call or an email to get the accurate facts in your hands and to begin the process of finding that “perfect” next home.
Making An Offer >Good Faith Deposits
After many months of searching, you have found your ideal house. You are a little older and a little wiser now, so you want to give the impression that you are serious without appearing to be too eager. What should you do? In the marketplace, "money talks."
There is no absolute rule about how much "good-faith" deposit you should put down--but it is a tool to make your point with the seller. The typical $1,000 will hold many homes for you, except in larger-home markets where it may be critical for you to show that you are an especially serious and able buyer. You don't want to make a deposit that is too large in case there is a problem getting your money back, but if your offer is substantially below the asking price, a larger deposit--$5,000 or $10,000--might influence the seller.
If you make a low deposit with your offer, be sure to provide for an increased deposit when the offer is accepted or upon removal of the contingencies.
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| Q |
Over what famous building is aircraft forbidden to fly at any time?
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| A |
No aircraft is permitted to fly over the Taj Mahal in India. |
 See More Real Estate Trivia > |
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Lindsay Smith
RE/MAX Jazz Inc.
21 Drew Street
Oshawa, ON L1H 4Z7
905-434-5222
Toll Free: 1-888-732-1600
Fax: 905-436-1745
lindsay@soldbylindsay.com
Negotiating for over 2 decades means having gained experience from many difficult and challenging situations. I bring this experience with me to help you achieve a better price. I am continually negotiating with sales reps with lesser experience which gives my clients the opportunity to sell higher or buy lower.
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