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It’s no surprise that a lot of people are asking the same question right now. Should I sell to take advantage of the crazy seller's market, and just how much can I get? Watch as Kelowna top Realtors® Darcy Nyrose and Rob Chapman answer this frequently asked real estate question.
The experienced Kelowna REALTORS® at Nyrose & Associates always do our best to get top dollar for your home. Our goal is to get you the best price possible given current market values. We analyze current market activity in order to determine the fair market value of your home. From there, we work with you to set a pricing strategy to match your real estate goals.
Determining Fair Market Value
Your home is worth whatever your buyer is willing to pay for it. Generally speaking, buyers are going to pay the fair market value for a home. This is determined by analyzing market comparables - what has recently sold and what is currently for sale. We look at homes that are similar to yours in the same location. We analyze the list price, sale price and days on market.
In addition, we look at condition of home, type of home, location, square footage, year built, recent upgrades and renovations, and unique features. A pool, size of yard, view, garage size, outdoor living space etc. can also help increase the value of your home.
Finding The Right Buyer
Our goal is to highlight and market your home to the buyers most likely to be attracted to your home. Even in a hot seller's market like we're seeing right now, we don't cut corners. We strategize a unique marketing plan for every single listing in order to ensure your home is seen by your prospective buyers. We do a professional photography shoot, we employ a coming soon strategy so your home can gain momentum even before it goes active, and we showcase your home where buyers are looking.
What Will Drive Up The Price of My Home?
Many people who are thinking of selling right now are asking about the likelihood of their home inciting a bidding war or receiving multiple offers. Due to the sheer volume of buyers in the market versus the limited inventory supply of homes, we're seeing many homes with multiple offers, thus driving up the price. Is this likely for your home? We'd need to see your home, its unique features and talk strategy before we can say for certain; however, the more attractive your home is to the current buyers out there right now, the more likely it is that the price could be driven up.
If you're thinking of selling your home right now, have a look at the latest Kelowna Real Estate Market Stats and Trends, and get in touch for a complimentary home evaluation.
