There are a variety of factors that play into a properly priced home. Kelowna REALTORS® have the insight to accurately estimate the value of your property. As we know the demand for real estate in Kelowna is high. We understand how this can affect the cost of your house. Homeowners often struggle with putting the right price tag on their homes. This can cause a loss of profit or reduced traction to your listing. For these reasons, we want to ensure that as your Kelowna REALTORS® the price accurately reflects the value of your home. Read below to discover how we decide the initial cost of your home.
Kelowna REALTORS® gather the information.
Oftentimes, homeowners already have things like property assessments done as part of their ownership of real estate. An appraisal of your home is done to determine property taxes and for insurance purposes. This assessment is a key factor in a Kelowna REALTORS® evaluation of your property. The price they ultimately decide on should similarly reflect this value. However, an agent will also take into consideration other factors. For example, market conditions. The present market conditions can impact the price of your home immensely. If there is a high demand for homes–like in Kelowna–upping the price may award you a greater profit. It can also tell you when the right time is to list in order to get the most for what is likely your greatest asset.
Moreover, agents will also pay close attention to the current state of your home. This means renovations, modernization, style, design, location, zoning, and more. These factors can make or break a deal for buyers, which is why they are so important.
Those were just a few ways Kelowna REALTORS® go about estimating the market value of your home. For more information don’t hesitate to contact us. We’d be happy to help answer any questions you may have regarding the pricing of your home. Be sure to check out our social media here – we look forward to hearing from you!