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613-347-2215

Determining Your Home Market Value

If you have any questions or would like more information about determining your home market value please Contact Us.

Determining Market ValueNow that you have made the decision to sell your home, it is time to determine its asking price. Since the procedure by which it is calculated can be somewhat complex, you will want to seek the guidance of a trained professional – you're REALTOR®. Should you price your home too low, you could potentially cheat yourself out of thousands of dollars. Conversely, if you price your home too high, potential buyers will bypass it in favor of something more reasonably priced. Leaving your home on the market for too long could have the adverse effect of giving it an unfavourable reputation. The object is to choose a price that is neither too high, nor too low. The asking price should be both accurate, given its market value, and fair. Your REALTOR® is familiar with the market and all of its changes. Take advantage of their knowledge and expertise.

 

What is Market Value?

Market value is the highest price that a willing buyer and seller, not under any compulsion or outside pressure, agree upon. Determined by outside influences, such as social and political factors, as well as the economy, market value is the price that your home should sell for in the current market. Your home’s fair market value depends on a number of other factors including, how it was built, its location, the condition it is in, the size of both the house and the property it sits on, as well as the price of other similar homes that have recently sold in your neighbourhood. The price you choose will also be determined by the tempo of the market, the public’s confidence in the current economy, and competition within the market. Ultimately, the market will determine the value of your home, not you, making the services of a trained professional who understands it and all of its complexities all the more worthwhile. Don’t hesitate to ask your REALTOR® any questions you may have – their knowledge could save you thousands of dollars please Contact Us for more information.

About Our Brokerage


Our boutique brokerage in Lancaster village has been providing top quality real estate services to our clients for the past 30 years. We enjoy lots of repeat and referral business from local sellers, including hobby farms, waterfront, village and rural homes, land sales, commercial and investment properties.

Our buyers are from here and all over Canada; we specialize in helping Quebecers in their move just over the border. We are the only brokerage in the area with two agents licenced to sell in both provinces.

Glengarry County is the area between Cornwall in the west and Quebec in the east with the St. Lawrence River as the southern boundary. The northern border roughly follows Highway 417. The countryside is dotted with villages large and small across rolling farm land divided by woodlots.

If your dreams include owning a property in Eastern Ontario, come and see us, give us a call or send an email. We are easy to find in Lancaster, just take Exit 814 off Highway 401 and look for us near the bank, post office and LCBO!

Contact Us


12 Duncan Street, Box 154
Lancaster, ON, K0C 1N0
Phone: 613-347-2215
Fax: 613-347-3715
Email: info@glengarryrealestate.com