News from Canada's Mortgage Experts

You all know, myself included, that when you sell our home, you try and get the highest offer price possible, especially after all the work you have put into maintaining and renovating your home over the years. When homeowners are ready to sell their home, they typically list their property high enough for the potential buyers to see and appreciate the perceived value the homeowner believes they have put into their home. My colleague, Roy Cocciollo, has recently written a blog on this same topic entitled, What do you need to know before making a home purchase?. This blog also provides good insight into what to consider when purchasing a home. I found that this article on the Yahoo Finance website adds to what Roy has mentioned about important factors and features to consider when shopping the market for that dream home. All of the points made in this article reinforces the view that it is not simply about the look of the home, but that there are other criteria such as location, surrounding properties and upgrades that could significantly impact the dollar value and asking price for your home.

Although these emotional factors do exist and influence the selling of a home, realistically, there are certain factors that impact the value of your home that help you come up with a more accurate market value when it is time to sell. If you are a buyer vs. a seller, these may be factors you look for to help maintain and increase your home’s value in the future.

Read the full article on the Yahoo Finance website to find out what factors impact the value of your home.