Whenever you have decided to sell your home, one of the most important aspects of the home sale is being able to get the highest possible price for it. Remember, your home is likely one of your most valuable assets, and no home seller wants to lose money on the sale of that asset. That is why it is essential that you know exactly what your home is worth.
With The MEandANG Team at Your Home Sold Guaranteed Realty Specialists, our team of real estate professionals is here to help you determine your home’s true market value and ensure that you are able to sell it at its highest possible price. We use the latest technology and most up-to-date information about your home and the current real estate market to make sure that the value we determine is accurate. Our team understands how important it is to have the most accurate data concerning your house, especially when it comes to selling it fast and for top dollar.
Why Do Home Sellers Need an Accurate Home Valuation?
When you list your home on the local real estate market, it has one chance to make a first impression on potential home buyers. This impression needs to be a good one, if you are hoping to get plenty of attention from these buyers. For most home buyers, the price is on the top of their priorities list because they usually have a very specific price range in which they need to stay. To get interest, your home clearly needs to be in that range.
Of course, you can’t list your house with an asking price based on someone else’s budget. Your asking price should be calculated based on the current market as well as various aspects of your home. While you may remember what you originally paid for the house when you bought it, that price may not reflect the current market or your home’s actual value. That is why you need to have a home valuation completed before you list it for sale.
With the most accurate home valuation, you can rest assured that your asking price will be fair, reasonable, and profitable for you. Home buyers will be scouring the market for homes in their price range and those which meet their needs. They will be aware of the prices for other comparable homes in the area and will likely use that information to determine if your asking price is reasonable. For this reason, getting a home buyer’s attention requires careful consideration of all factors related to the current market value of your house.
What Are HouseSigma Home Values in Newmarket?
Whether you were buying a home or are now considering selling your home, you may have gone to the HouseSigma website. One of the innovative tools that HouseSigma has created in the HouseSigma in its house valuation. It is a proprietary tool created by HouseSigma that provides homeowners with a way to estimate the value of their homes. It mostly relies on publicly available and user-submitted data to make its value determinations.
For homeowners, this tool is great for checking on the ever-changing market value of their homes and helping them decide if now might be the right time to consider selling the house. While it is an excellent starting point for determining home value, it is not an appraisal and should not be considered the be-all, end-all for figuring out an asking price, should you decide to sell.
How Are HouseSigma Home Values in Newmarket Determined?
Essentially, the HouseSigma algorithm takes all of the homes located within a certain postal code, bundles them together, and then averages them out given certain parameters such as single-family homes with approximately 2,000 square feet and 3 bedrooms. That average is the value that HouseSigma gives for a home that meets those criteria. HouseSigma home values in Newmarket do not factor in specifics for your individual home which could raise or lower the value.
For instance, HouseSigma will not take into consideration factors such as home improvements or upgrades that have been made, renovations or additions, neighbourhood turnovers (high selling neighborhoods have more recent data to incorporate into the algorithm), or the conditions of the neighborhood itself. All of these factors can significantly increase or decrease the current market value of your home, but HouseSigma cannot account for them.
Can HouseSigma Home Values in Newmarket Be Trusted for Accuracy?
Because HouseSigma relies on comparables (that is, past sales), it does not always accurately portray the value of a home in the current market. There may be price surges that the algorithm does not incorporate, so the HouseSigma home values in Newmarket can be wildly inaccurate.
HouseSigma own FAQ page states that the “median error rate for on-market homes nationwide is 3.2%” and the error rate for off-market homes is 7.52%. Although these percentages may seem small, they can certainly add up to major losses in the real estate market unless you confirm the estimate from HouseSigma with a realtor.
Benefits of an Expert Home Valuation from Our Realtors
As we have said, HouseSigma home values in Newmarket can be a great starting point for your home selling process. You can get a good idea of the value range for your home without incorporating any of the specifics that may influence your home’s true worth. In order to get the most accurate information from a reliable source, it is best to work with a realtor who has experience and knowledge of the local market.
The MEandANG Team at Your Home Sold Guaranteed Realty Specialists, has exactly what you are looking for and can provide you with the most accurate home valuation possible. We use the factors that HouseSigma utilizes but we can also incorporate the individual aspects of your home and neighborhood to give you a much more accurate value estimate. Our realtors are local, and that means we understand the area and can use specific factors that HouseSigma simply does not have access to with the basic algorithm.
When you work with our team, we can show you updated comparable homes which have been listed and/or sold in your area, provide you with the data we used to determine your home’s value, and help you get top dollar for your home during the sale.
Find Out How to Get an Accurate Home Valuation from Our Newmarket Real Estate Professionals
If you are considering selling your home and want to confirm that the HouseSigma home values in Newmarket that you received are accurate, contact our realtors at The MEandANG Team with Your Home Sold Guaranteed Realty Specialists Inc., Brokerage. We will provide you with the most accurate home valuation in the area so that you know exactly what your home is worth and how much you could potentially sell it for on the current market.
We would love to speak with you about your home selling journey, so give us a call at (905) 503-7653 or fill out the form below with the requested information to get a detailed response from one of our realtors. With our team on your side, we guarantee you have the most accurate home value information and that you get the best possible home selling experience. Contact us today!