Sutton Group Realty Systems Inc., Brokerage Independently owned and operated
Office: 416-896-3333Mobile: 905-896-3333

Here is Why You Need a Comparative Market Analysis

What is my Toronto Home Worth?(To arrange a free home evaluation, please use the form below)

Toronto is a very price-sensitive market. A lot of sellers believe that if they price their home high initially, they can lower it later.

Here is the problem:
Often, when a home is priced too high, it experiences little activity. Eventually the price will come down to right market value, but by that time it's been for sale too long and many buyers will be wary.

Worse, if your home is overpriced, potential buyers looking in a lower price range won't even see it.

It is a good idea to have a Real Estate agent perform a CMA so you can see how thorough a job they do and how well they research the conditions the determine the value of your home.

If they rush it and ball park it - that's likely what you can expect from them when you become their client.

These are the items you can expect from a proper analysis:

  •   Value of Nearby Similar Properties Sold
  •   Value of Nearby Similar Properties For Sale
  •   Recent Market Trends
  •   Impact of Curb Appeal of Your Property
  •   Impact of the Overall Condition of Property
  •   Impact of Unique Property Features
  •   The Impact of the time of year you are looking to sell.


You should expect an honest opinion of your home's value and an estimate of what it very likely would sell for based largely on these variables.

Contact Us To Arrange A FREE Market Analysis.

 

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Greater Toronto Area Home/Property Evaluation Factors:

  • Value of Nearby Properties of Similar Size
    A survey of what homes have recently sold for on your street and in your area is the largest factor in determining the basic value of your home.
  • Recent Trends
    If prices are on their way up or down, this can be another factor to determine the value - despite what recent similar properties are selling for.
  • Curb Appeal
    How you home looks from the street can increase or decrease the potential value.
  • Overall Condition of Property
    Is everything in your house in order? Will significant expense be required by tthe new owners within the first 3 years? Things like the roof, the furnace, any visible damage or flaws are among the most significant.
  • Unique Property Features
    Is there something about your property that sets it apart from others? It can be things as basic as a deck, or very high ceilings. It could be the kitchen or bathroom. If they are top notch - this will add value to your home.
  • When you plan to sell
    Results are highly influenced by the time of year the house is placed on the market, as well as the current demand and supply of properties. It is best to review this with a realtor who can demonstrate experience and sophistication about monthly market trends.

Contact Me


Sutton Group Realty Systems Inc., Brokerage Independently owned and operated
2186 Bloor St. West
Toronto, ON   M6S1N3

Phone: 416-896-3333Mobile: 905-896-3333Fax: 416-762-6829
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