There are three possible ways to find out how much your home is worth. Two of these will give you an estimate, the final one will give you a deadly accurate representation of how much you could sell your home for tomorrow.
- Online 3rd party tools: These are everywhere if you search on google, but they will never show you an accurate representation of what your home is worth as the data they use is based off historic data which does not reflect the latest real estate buying/selling trends your neighborhood. It also will not take into account unique features which might set your property apart from the rest (Example: balcony view of the river).
- Centris.ca: Open up a browser and have a look at other similar properties in your area which are currently for sale. It's a bit of a manual job, but will give you a general idea of what your home might also sell for. Once again this does not take into account unique features which might increase the value of your home.
- Comparable Market Analysis (CMA): A CMA will give you an extremely accurate representation of what you can sell your home for if you put it on the market tomorrow. This type of evaluation can only be done by licensed brokers who have access to the latest in historic pricing information. If you have thought about selling your home and already working with a broker, they will do this for you at the start of the sale process.
Here at Shupilov.com we offer a no obligation free Comparative Market Analysis for any home owners thinking of selling or might just want to know how much their home has increased in value since they first bought it.