Erica Allen-Bosley Real Estate Ltd. real estate agent homes, houses for sale in Toronto, Ontario


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July 24th, 2008

Erica Allen
Sales Representative


		Real Estate Articles

HOME VALUES

HOW REAL ESTATE MARKET CONDITIONS AFFECT YOUR OFFER PRICE

STAGING… FOR A FASTER SALE AND HIGHER PRICE

Home value sometimes referred to as "Value in Use", is best described as the probable price at which a home trades in a free, competitive, and open market and is synonymous with the market value.

A hot market is a "seller’s market". During a seller’s market, properties can sell within a few days of being listed and there are often multiple offers. Sometimes homes even sell above the asking price. Though most buyers want to get a "deal" on a home, reducing your offer by even a few thousand dollars could mean that someone else will get the home you desire.

There are many television shows today that focus on home staging. If you have not watched any, do yourself a favor and tune in. They all say the same thing: do not even consider putting your house on the market until you have taken a close look at its condition. Experienced sales people know that you only have one shot at impressing potential buyers, so take some time to prepare your home for showings. You will be rewarded with a faster sale and a higher offer.