Pricing Your Home

If you are wondering what the best price obtainable for your property is, please consider the following:

It is important to recognize the difference between the factors that do affect your property’s value and those that do not affect your property's value.

Factors that do not affect your property's value:

  • what you paid when you bought (or built) your house
  • the cash proceeds you want or need from the sale
  • what we (or other Real Estate Professional's) say your property is worth

Factors that do affect your property's value:

  • location
  • size of home & lot
  • style & layout
  • age, condition, upkeep & renovations
  • community amenities
  • financing options & conditions
  • number of Buyers

Buyers dictate the best price obtainable for your property: Buyers will engage in comparison shopping and will not pay more for one property than he or she would have to pay for a similar property.

A "Comparative Market Analysis" (CMA) details what Buyers are willing to pay in today's market. It is made up of the data from recent sales, expired listings, current listings & additional current market conditions.

Recent Sales - Demonstrates what Buyers have actually paid recently for similar properties.

Expired Listings - Shows what Buyers have not been willing to pay under current market conditions.

Current Listings - Focuses on other properties which are now competing for Buyers' attention.

The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.