If you were considering selling, I would expect you want to get maximum value and minimum hassle. Some homeowners are quite aware of the market have a good idea of their home value and others are surprised to see t what their evaluation is. I don’t recommend using the city assessment as a basis for value. The city takes averages, square footage for the property, and size of the lot to come up with their evaluation. Use it only as a guideline at best.
CALGARY REAL ESTATE PROFESSIONAL®
When choosing a real estate professional, I recommend someone who can demonstrate a good working knowledge of the community. Ask for a written market evaluation. A market evaluation is not the same as a home market appraisal; an evaluation comes from a real estate professional whereas an appraisal comes from an appraiser. An appraisal is a fee based completely independent from the opinion of property value. The court recognizes an appraisal whereas a market evaluation is done by a real estate professional and carries much less weight. Banks typically do appraisals for mortgaging proposes. A real estate professional does a market evaluation and the nature of these can very between a well-researched written document or a verbal on the spot opinion. At Baxter and Associates Real Estate Services, we will provide documentation along with a comparable market evaluation.
Considering selling your home yourself?
A home seller is looking at significant fees to list and sell their home through a real estate professional, there is a substantial amount of money to be saved, and understandably so. A homebuyer may have some interest in FSBO’s because there may be a good home to see, particularly in a market where there is a low supply of homes.
This is a viable option if the homeowner has an understanding of value, a uniquely marketable home, and a decent sense of contract law. That being said, one of the strongest reasons to use a real estate professional is because they have access to put your home on MLS®. It is the MLS® (Multiple Listing Service) that is the big dog. Anyone looking to buy will check MLS®. The more people who have access to your home means you have a higher chance of creating interest and perhaps have competing offers on your home. You’ll get maximum value.