What's Your Nanaimo Home Worth?
In today's real estate market, pricing your home right can make or break a successful sale. At Layzell, Dreger, Walton & Associates, we know how to price your property to make sure it sells for top dollar. If you're curious about your home's value in our current market, just fill out the form below and we'll send you a free Comparative Market Analysis. Or, find out more about how we determine your home’s value below!
Get a More Accurate Price Estimate!
Due to MLS rules, this tool depends on active listings to give you an idea on what your home might be worth. Agents have access to sold listings data, market statistics and additional information that can contribute to a much more accurate estimate—access to this information is as easy as signing up!
How Do We Determine Your Home’s Value?
When you team up with a real estate agent to sell your home, one of the first things your agent will do is determine a fair market value for your property. In a competitive market like Nanaimo, this pricing strategy is crucial to the success of your sale. On one hand, if you price it too high, the listing will linger and become stale, while lower priced listings get all the attention. On the other hand, if it’s priced too low, you may not get the full worth of your investment. Your agent’s number one concern is that your home sells quickly and garners multiple offers.
To accomplish this, they’ll look at factors like:
- How much have homes in your area recently sold for?
- Perform an in-person inspection of your home to factor in features that affect the value of your property.
- Where the city’s overall real estate market is trending.
How Does This Valuation Differ From BC Assessment?
Homeowners are often surprised to learn that their home’s market value and assessment value are very different figures. Although BC Assessment bases your home’s value largely off of the real estate market, their valuation is usually only done once per year and doesn’t change until the next assessment is done.
In a rapidly growing market like ours, assessments can become outdated rather quickly. Our market valuations determine what your home is worth right now, ensuring you’re setting an appropriate asking price when it’s time to list.
Ways To Improve Your Home’s Value
Can you improve the value of your home? Absolutely. From large-scale improvements to budget-friendly upgrades, there are often many ways to improve to take the value of your home to the next level. Visit the informative sellers section in our blog, or learn more about the selling process in our Nanaimo home selling guide.
Contact us anytime you need to know what's really going on in this market. When you're ready to take the next step toward selling your home, we're here to help. We'll make sure your listing gets the best exposure and reaches the right buyer—whether they're out of state, in another country, or right around the corner.
VIREB IDX Reciprocity listings are displayed in accordance with VIREB's broker reciprocity Agreement and are copyright © the Vancouver Island Real Estate Board. The above information is from sources deemed reliable but it should not be relied upon without independent verification.