When it comes to pricing your property for sale in Whistler, many homeowners have lots of questions. As your REALTOR®, pricing your home correctly is my goal. There are a variety of factors that play into the final value of your property. From government assessments to overall condition, everything plays a role in the price of your home. Estimating your home value is a crucial step in the selling process. Overbidding and underbidding can decrease traction to your listing. This is why it’s so important to accurately price your Whistler real estate. Follow along as we go through the top 5 factors in properly pricing your property for sale in Whistler.
1. Government appraisals on your property for sale Whistler.
A good agent will always factor in government assessments of your property when forming the price. These values may fluctuate slightly, but overall they should be fairly similar. BC Assessment will visit your property to determine the price you will contribute to your property taxes. What sets these two assessments apart are the aesthetics. An agent will take the property assessment value and further consider how things like renovations, special features, location, style, and more may affect the overall price. A newly renovated home will have a higher value than one that has not been renovated on the same street. They will also include aspects like landscaping and zoning.
2. Comparable homes in your area
Another way a REALTOR® will assess the value of your property for sale in Whistler, is to compare it to like homes. Using the MLS®, agents have access to a massive database of listings. They can use this to research similar properties in your area and provide you with a proper estimate. If a home on your block just sold, your real estate agent will use this information to form a comparable price. Using a market comparison is a great way to realize the value of a property to the seller. This is one of the most effective ways to determine the price of a house.
3. Current state of your property for sale Whistler.
With their select experience in mind, an agent can base their estimates on the current state of your property. If your home appears to be in need of some repairs and thorough cleaning, the value can decrease significantly. An outdated kitchen, unfinished home renovations, and dilapidated exterior can all contribute to a lower cost. If you think your home may be struggling with one or more of these aspects try giving your home a fresh coat of paint. Using neutral colors and depersonalizing the space can help an agent see the value of your home. It’s difficult for buyers to look past flaws like these, which is an important piece of information to remember. A buyer will be more likely to move into the home that is move-in ready, as this automatically makes your property more accessible to all those interested.
4. Present Market Condition
Picking and choosing the right time to sell your property for sale in Whistler can yield a greater profit. The time of year can greatly affect what a buyer is willing to pay for select real estate. For example, homes listed in the winter months might go for a lower price than comparable homes listed in the summer. It all depends on your specific local condition. As for pricing, this means if you list your home at the right time you could up the initial cost. Your REALTOR® will provide you with a report on the market condition to help you gain a better understanding of how your home is being priced. This report can also provide you with the knowledge to change the time in which you list your property for sale.
For more information on how your real estate agent prices your property for sale in Whistler, contact us today. We’d be happy to provide you with some insight on how we estimate your home’s value. Feel free to reach out at any time with questions or concerns you may have. Be sure to check out our social media here, we look forward to hearing from you!