Another option is to use a professional real estate appraiser to establish your asking price. As stated in an earlier post, this is the most important step for a successful sale.
2009 is forecast to be a challenging year in the real estate business. The number of sales dropped in 2008, compared to 2007. Current economic conditions are showing that this will be a tough year.
A major Canadian real estate company has forecast that real estate values will drop by 3% in Canada this year. Locally they state the drop will be 4%. For those selling a home this year, the price they ask must be market value.
Most owners have a general idea what their property is worth. One way they can find out is contact a real estate agent. In most cases, they will provide a market evaluation at no cost.
Professional real estate appraisers provide this service. They will provide a detailed report with a list of comparable properties they used. Expect to pay in the range of $300. It can be well worth the cost, especially if the property is a unique one. Look in the Yellow Pages under ‘Real Estate Appraisers' to find one in Durham Region.
Learn more about Selling Privately in Durham Region.
Check out our Durham Region Homes website for private sales.
HomesByOwner of Durham Region
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An appraisal performed by a certified real estate appraiser can help a seller to establish an asking price. The appraisal can also be a great negotiating tool when dealing with a prospective buyer who presents a low ball offer.