Home Seller Frequently Asked Questions
Selling your home can be stressful. You don't want to make costly mistakes. At the Marnie Campbell Real Estate Team we want you to be an informed home seller.
1. What is a Listing Consultation / Listing Appointment?
A Listing Consultation or sometimes referred to as a Listing Appointment is an opportunity for a home seller to interview a Realtor or several Realtors to determine who they would like to hire to sell their home.
2. What questions should I ask a Realtor during a Listing Consultation?
When selling likely your biggest financial investment, who you hire matters, so you want to take the time to interview a Realtor and ask them questions.
7 Questions to Ask a Realtor Before Selling
- How many homes do you sell in a year?
- What suggestions do you have so I can maximize value (e.g. painting, repairs, home staging etc.)?
- What will you do to market my home?
- What data (sold comparables) did you use to price my home?
- How does the selling process work?
- What does it cost to sell my home?
- When is the right time to list my home?
2. What determines my home's worth?
Your home's worth is determined by:
- location of your home
- size of your home
- condition of your home
- sold homes compared to yours
- supply and demand in the market.
3. Isn't my home worth the same as my property assessment?
Your property assessment (assessed value) is not the same as what your home is worth (market value).
The City of Calgary property assessment is the dollar value assigned to a property used to measure applicable taxes. The assessed value is based on comparable sales, finding the typical value based on various factors of the homes (i.e. above grade square footage or land size). Based on The City's estimate of the property’s market value as of July 1 of the year prior. The assessed value however does not take into consideration the interior condition of you home.
A home’s market value (fair market value), is the price a buyer is willing to pay or a seller is willing to accept for a property. An experience Realtor will arrive at the value using a variety of metrics including comparable sold properties (usually in the past 90 days). If a comparable sold property, for example, is the same size, year built, same number of rooms as your home but has a renovated kitchen than a buyer will see more value in the comparable home.