Re-Evaluating your Home in a Brand New Year

Re-Evaluating your Home in a Brand New Year

After experiencing a year like no other, homeowners are still entitled to ask the question they ask every year, “What’s my home worth today?”

Determining that value starts with a professional understanding of several overarching market factors, such as the general real estate climate, your regional and local activity, as well as your neighbourhood’s micro-market. The value is then fine-tuned by drilling down to specifics, such as your home’s profile of features and deficiencies.

But there are other key factors to consider when selling your home – your wants, needs, intentions and expectations for your next home. You’ll need to think about where you want to live, how much you intend to spend, and how much your selling price will affect your buying power. While this won’t change the current value of your home, you shouldn’t overlook the correlation of the buying and selling markets when considering a move.

Those conditions will contribute to the ultimate decision – whether you should sell first or buy first. If you ever want to examine your real estate options, don’t hesitate to call.  Jay 778-363-0839 Royal LePage Kelowna.

The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.