{"id":297932,"date":"2021-01-22T00:00:00","date_gmt":"2021-01-22T00:00:00","guid":{"rendered":"https:\/\/marc-andre-martel-staging.jurassicodes.com\/how-to-determine-the-market-value-of-your-property\/"},"modified":"2022-06-27T18:26:34","modified_gmt":"2022-06-27T18:26:34","slug":"how-to-determine-the-market-value-of-your-property","status":"publish","type":"post","link":"https:\/\/marc-andre-martel-staging.jurassicodes.com\/en\/how-to-determine-the-market-value-of-your-property\/","title":{"rendered":"How to Determine the Market Value of Your Property?"},"content":{"rendered":"<p>Determining the right selling price for your property is quite a challenge: as an owner, you may not make an objective assessment of your property. Do not forget that the listed price of a property is of capital importance! Too high a price will keep potential buyers away, and if it remains too long on the market, it could suggest major problems related to the state of your home.<\/p>\n<p>So how should you go about it?<\/p>\n<p class=\"hiddenpara1\"><span class=\"subtitle\">1. Avoid relying on the municipal assessment<\/span><br \/>\nAs this information is simple and accessible, it may be tempting to use it. A municipal assessment is made by an appraiser responsible for thousands of properties, and most of the time, he does not visit them. Consequently, this value is far from being precise.<\/p>\n<p>The municipal assessment is primarily used to establish property taxes. It does not guarantee the true market value of a property.<\/p>\n<p><span class=\"subtitle\">2. Study market conditions<\/span><br \/>\nThe first step is to analyze market conditions. This means comparing your property with similar homes recently sold in your area and looking for the closest similarities (surface area, lot, type of property, number of floors, rooms, and washrooms, year of construction, etc.). It is important to rely on the actual selling price rather than the price listed on various search engines, since this information can vary considerably.<\/p>\n<p><span class=\"subtitle\">3. Call upon professionals<\/span><br \/>\nEven with an in-depth study of market conditions, there are a number of important indicators that only professionals in the field are able to analyze.<\/p>\n<p><strong>The chartered appraiser<\/strong><br \/>\nSubject to the Order of Chartered Appraisers of Quebec (OEAQ), this professional has no vested interest in the transaction; he is compensated within the margin of the sale. Objective and professional, he will adjust the average fixed price by taking into account the renovations, general maintenance and assets specific to your home.<\/p>\n<p><strong>The real estate broker<\/strong><br \/>\nIn addition to assisting you throughout the selling process, the broker will take into consideration a number of important factors to get an even more accurate market value for your property, such as situations of succession or foreclosure, the selling time in your neighbourhood, and the history of natural disasters or illegal activities.<\/p>\n<p>In short, determining the market value of your property is more complex than it would seem. Fortunately, your real estate broker has all the necessary tools to set a competitive, realistic and, more importantly, accurate price.<\/p>\n<p><span class=\"source1\">Sources :<\/span><br \/>\n<span class=\"source2\">&#8211; \u00ab Que vaut l\u2019\u00e9valuation municipale \u00bb, La Presse, 31 mars 2016<br \/>\n&#8211; Joueraucourtier.com (propuls\u00e9 par Centris)<br \/>\n&#8211; \u00ab \u00c9tablir le juste prix : une \u00e9tape cruciale \u00bb, centris.ca<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Determining the right selling price for your property is quite a challenge: as an owner, you may not make an objective assessment of your property. Do not forget that the listed price of a property is of capital importance! Too high a price will keep potential buyers away, and if it remains too long on [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":298590,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[84],"tags":[],"class_list":["post-297932","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-and-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How to Determine the Market Value of Your Property? - \u00c9quipe Mark-Andr\u00e9 Martel<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to Determine the Market Value of Your Property? - \u00c9quipe Mark-Andr\u00e9 Martel\" \/>\n<meta property=\"og:description\" content=\"Determining the right selling price for your property is quite a challenge: as an owner, you may not make an objective assessment of your property. 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