If you’re considering the sale of your Vaughan Home in 2010 the coming weeks are critical.

Of course, you want to get the very most money for your home and you want to do so in the least amount of time possible.  Unfortunately this can be easier said then done especially if you don’t have access to the right tools and the help of experienced professionals.  To complicate matters, there are other homeowners in Vaughan just like you, with similar homes, who also want top dollar for their home in the shortest time.

So what to do?

For starters you should establish the reason WHY you are selling.  In many cases there is an obvious reason but you would be surprised at how often this step is overlooked.  The first question to ask yourself is whether you are selling because you NEED to or because you WANT to?

If you bought a new construction home or are relocating for work then you probably need to sell.

If you would like a bigger home, added features that your current home doesn’t have, or are downsizing then you probably want to sell.

Establishing why you are selling is very important as it will help keep you motivated and on track whenever you hit a rough patch in the selling process.

Once you have established the reason why you are planning to sell you want to determine a time frame.  In many cases, if you need to sell, your time frame will be dictated by your circumstances.  However if you are selling because you want to, you will have a lot more flexibility when it comes to determining a time frame.

As a basic guideline you want to work with a 45-60 day time frame assuming that your home doesn’t need any major repairs.  That will allow a little over 2 weeks for preparation of the home prior to listing it for sale and just under a month to show it to potential buyers and negotiate an acceptable offer.  Keep in mind that a properly priced home based on current market values will almost always sell within 30 days.

How to determine market value

Now that you know why and when you are planning to sell, you want to determine the value of your home.  House values are affected by a number of factors including the overall economic climate, the time of year and the local real estate market conditions in your city or neighbourhood.

The overall economic climate includes things like employment figures, interest rates, consumer confidence and general economic conditions.  Don’t be afraid if the overall economic climate isn’t perfect – it rarely is.

When it comes to the time of year, remember that in many regards the real estate market is seasonal.  Typically, real estate activity is highest in the Spring months and again in the early part of the Fall months.  As a seller, you generally want to expose your home to as many buyers as possible so capitalizing on the increased activity is advised where ever possible.

While the overall economic climate and the time of year affects the value of your home, nothing is as important as the current local real estate market conditions in your city or neighbourhood.  Local real estate market conditions are the driving factor behind the current value of your home. 

If you’re curious about the current real estate market conditions in Vaughan or would like a detailed comparative market analysis to determine the value of your Vaughan home, there’s a fast and easy way to find out for free! 

The Vaughan Real Estate Report is a detailed report that looks at specific neighbourhoods in Vaughan and provides important facts about the current Real Estate market.  It also includes an over the net evaluation of your home plus a list of similar homes for sale or sold in your neighbourhood in the last 30 days.

Establishing the value of your home is a critical step in the home selling process.  Get free and easy valuation reports from VaughanRealEstateReport.com and arm yourself with current and accurate real estate information so when it comes time to sell your Vaughan home you can do so with confidence!

Filed under: Real Estate Tips

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