Finding the perfect selling price is one of the keys to getting your home sold quickly. If you price your home too high you will give potential buyers unreachable expectations for your property and if you price too low people will think that there is something wrong with the home that you’re not telling them. Buyers tend to start narrowing down their search of homes for sale in Markham based on price. While your real estate agent will give you some hints about what price would be reasonable, it is ultimately your decision to make as the seller. Here are some tips on choosing the right price tag for your home listing.

 Start by looking at the most recent value assessment that was done on your property. Your annual property taxes are based on an estimate of your homes value and while this figure is not always entirely accurate it is a good starting off point. Compare this number with recent listing and sales prices of other similar homes in your area. It’s likely that if many Markham homes in your neighbourhood are all selling for around the same price, that you will reach success by listing close to that price.

 Talk to your real estate agent about the current real estate market conditions. Factors like the time of year and the city’s economic climate can have a huge effect on how well homes sell. If you’re selling in a buyer’s market than you are probably going to need to slash your home’s price by at least a few thousand dollars. If homes in Markham are selling in a seller’s market than they could even reach a price that’s higher than the home’s value.

 You should also check out the home’s that have been listed for a while and don’t seem to be selling to see if you notice any patterns. You may find that once a Markham house for sale is listed too high, it doesn’t make much of a difference if the seller chooses to lower the price at a later date. People have already disregarded the listing. When you’re looking at past listings you can also do a square footage comparison to see if there is a common average price per square foot. This might help you if your home is significantly larger or smaller than the other homes in your area.

The best way to get a good price on your home is to present it well to potential buyers. Make sure that your home is clean and organized for pictures and whenever there is a showing. Experts in Markham Ontario real estate will tell you that you don’t need to do any renovations or major improvements to make your property stand out. You just need to highlight your home’s best features.