How To Price Your Home The Right Way

How_To_Price_Your_Home_The_Right_WayThere are 2 common ways of pricing homes for selling. The first one is CMA or Comparable Market Analysis, and the second is Rebuild Cost.

Most agents use CMA to compare the houses in the market and see how they are doing. The Rebuild Cost is computing the amount it costs to rebuild the house.

But there is a better approach to price your home the right way, and there are 3 factors involved in doing it.

1. Understand Your Current Market

The best way to look at this is to find the micro-market for your home style and get a lot of data about it.

Don’t just look at a community and see the stats as a whole. Ask your agent to niche down the data for houses with the same style and specifications as your home.

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2. Using a Lot of Data

As a brokerage, we use a scattergram to visually present data to our clients. We pull 1000 days back worth of information and compile it to help sellers understand where the current market is at.

Looking at that much data in a micro-niche type of market will help you understand your home’s current pricing.

3. Use a Program Called Homebeat

Homebeat provides information to help you and your agent to watch the market. With Homebeat, you can see stats per period like a month, six months or 12 months so you can have a pulse on the market while you're preparing to sell your home.

Even if you have an agent to help you, you need to have at least a general idea of what the market is doing.

Email us at info@chamberlaingroup.ca, and we will help you set up a Homebeat for your home. This will give you the stats, sales, actives, and the sense of what is happening in the market before saying here's what my house is worth.

If you have questions about these 3 critical factors or need our help in preparing your home to sell, give us a call at 587-316-5400 or email us at info@chamberlaingroup.ca. Our team is here to help you however we can.

Cochrane Homes For Sale

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$6,600,000 ↓ $900,000 42085 River Heights Lane

Cochrane 0 Beds 0 Baths 0 SqFt Land MLS® # A2185945

Century 21 Masters
$5,500,000 65 Rolling Range Drive

Cochrane 0 Beds 0 Baths 0 SqFt Land MLS® # A2222352

Royal LePage Benchmark
New
$1,849,999 121 Powell Street

Cochrane 0 Beds 0 Baths 538 SqFt Multi-Family MLS® # A2266239

RE/MAX Landan Real Estate
$1,145,000 483 Rivercrest View

Cochrane 4 Beds 4 Baths 2,253 SqFt Residential MLS® # A2237857

Royal LePage Benchmark
New
$1,124,900 235 Precedence Hill

Cochrane 3 Beds 3 Baths 2,386 SqFt Residential MLS® # A2267051

RE/MAX West Real Estate
$1,100,000 ↓ $19,000 50 Riviera View

Cochrane 4 Beds 4 Baths 2,676 SqFt Residential MLS® # A2257769

eXp Realty
$1,049,900 ↓ $50,000 28 Sunvalley View

Cochrane 4 Beds 4 Baths 2,285 SqFt Residential MLS® # A2250508

Real Broker
$999,999 503 Rivercrest View

Cochrane 4 Beds 4 Baths 2,763 SqFt Residential MLS® # A2212262

RE/MAX Landan Real Estate
$995,000 ↓ $55,000 18 Ridge View Place

Cochrane 5 Beds 5 Baths 3,079 SqFt Residential MLS® # A2224166

TREC The Real Estate Company
New
$989,999 103 West Terrace Point

Cochrane 3 Beds 3 Baths 1,663 SqFt Residential MLS® # A2266783

Real Broker
$985,000 99 Precedence Hill

Cochrane 3 Beds 3 Baths 2,625 SqFt Residential MLS® # A2258029

eXp Realty
$979,900 ↓ $20,000 115 Precedence Hill

Cochrane 3 Beds 3 Baths 2,628 SqFt Residential MLS® # A2224096

TREC The Real Estate Company
$959,000 ↓ $10,000 34 Riviera View

Cochrane 4 Beds 4 Baths 2,261 SqFt Residential MLS® # A2258579

CIR Realty
$950,000 ↓ $25,000 31 Gleneagles Terrace

Cochrane 4 Beds 4 Baths 2,516 SqFt Residential MLS® # A2235467

CIR Realty
$949,900 116 Sunrise Heath

Cochrane 3 Beds 3 Baths 2,307 SqFt Residential MLS® # A2252112

The Real Estate District
$949,900 112 Sunrise Heath

Cochrane 4 Beds 4 Baths 2,376 SqFt Residential MLS® # A2250750

The Real Estate District
$949,900 47 Sundown Crescent

Cochrane 3 Beds 3 Baths 2,307 SqFt Residential MLS® # A2250930

The Real Estate District
$929,900 8 Vantage Drive

Cochrane 5 Beds 4 Baths 2,277 SqFt Residential MLS® # A2236578

eXp Realty
$929,900 ↓ $20,000 88 Sunrise Heath

Cochrane 3 Beds 3 Baths 1,384 SqFt Residential MLS® # A2250581

Real Broker
$899,900 ↓ $14,600 206 Riviera View

Cochrane 3 Beds 4 Baths 2,260 SqFt Residential MLS® # A2256023

eXp Realty
$899,900 ↓ $30,000 46 Heritage Close

Cochrane 3 Beds 3 Baths 2,104 SqFt Residential MLS® # A2214059

The Home Hunters Real Estate Group Ltd.
$899,000 72 Heritage Ridge

Cochrane 3 Beds 3 Baths 2,316 SqFt Residential MLS® # A2256304

First Place Realty
$885,000 27 Sunset Park

Cochrane 4 Beds 4 Baths 2,514 SqFt Residential MLS® # A2262469

Real Estate Professionals Inc.
$859,900 ↓ $20,000 33 Sundown Grove

Cochrane 3 Beds 4 Baths 1,946 SqFt Residential MLS® # A2250217

eXp Realty
$849,900 75 Sunvalley Way

Cochrane 3 Beds 3 Baths 2,230 SqFt Residential MLS® # A2263493

URBAN-REALTY.ca
$849,900 100 Sundown Grove

Cochrane 4 Beds 4 Baths 2,086 SqFt Residential MLS® # A2252704

2% Realty
$844,900 ↓ $14,600 6 Emberside Green

Cochrane 3 Beds 3 Baths 2,260 SqFt Residential MLS® # A2250896

PG Direct Realty Ltd.
$844,440 88-297 Riviera Way

Cochrane 3 Beds 3 Baths 1,256 SqFt Residential MLS® # A2248046

eXp Realty
$839,000 ↓ $19,000 187 Gleneagles View

Cochrane 4 Beds 4 Baths 2,536 SqFt Residential MLS® # A2255104

Century 21 Bamber Realty LTD.
$829,900 ↓ $45,000 188 Sunterra Heights

Cochrane 6 Beds 3 Baths 1,488 SqFt Residential MLS® # A2239068

RE/MAX Complete Realty
$829,900 ↓ $5,000 184 Precedence Hill

Cochrane 4 Beds 3 Baths 1,271 SqFt Residential MLS® # A2258757

Hope Street Real Estate Corp.
$829,000 460 Rivercrest View

Cochrane 4 Beds 4 Baths 2,758 SqFt Residential MLS® # A2212679

RE/MAX Landan Real Estate
$829,000 468 Rivercrest View

Cochrane 4 Beds 4 Baths 2,765 SqFt Residential MLS® # A2215558

RE/MAX Landan Real Estate
$825,000 132 Precedence Hill

Cochrane 3 Beds 3 Baths 2,295 SqFt Residential MLS® # A2254352

eXp Realty
$825,000 376 Precedence Hill

Cochrane 3 Beds 3 Baths 1,232 SqFt Residential MLS® # A2264956

eXp Realty
$825,000 ↓ $20,000 435 Rivercrest Road

Cochrane 3 Beds 3 Baths 1,270 SqFt Residential MLS® # A2251471

Royal LePage Benchmark
$799,990 ↓ $14,910 487 Rivercrest Road

Cochrane 5 Beds 4 Baths 2,520 SqFt Residential MLS® # A2259368

Century 21 Bamber Realty LTD.
$799,900 51 Sunrise Heath

Cochrane 3 Beds 3 Baths 2,295 SqFt Residential MLS® # A2256885

MaxWell Canyon Creek
$799,900 84 Riviera Court

Cochrane 3 Beds 3 Baths 1,175 SqFt Residential MLS® # A2260260

RE/MAX First
$799,800 ↓ $30,100 111 Sundown Crescent

Cochrane 4 Beds 3 Baths 2,291 SqFt Residential MLS® # A2252118

MaxWell Canyon Creek
$799,000 ↓ $25,900 89 Sunrise Crescent

Cochrane 5 Beds 4 Baths 2,567 SqFt Residential MLS® # A2249611

The Real Estate District
$799,000 ↓ $10,000 204 Sunrise Common

Cochrane 3 Beds 3 Baths 2,145 SqFt Residential MLS® # A2260174

CIR Realty
New
$799,000 24 Sunvalley View

Cochrane 5 Beds 4 Baths 2,274 SqFt Residential MLS® # A2266493

eXp Realty
$795,000 ↓ $24,900 21 Riviera Bay

Cochrane 3 Beds 3 Baths 2,609 SqFt Residential MLS® # A2253125

CIR Realty
$784,900 ↓ $10,000 192 Heritage Boulevard

Cochrane 4 Beds 3 Baths 1,524 SqFt Residential MLS® # A2255589

CIR Realty
$784,900 129 Heritage Boulevard

Cochrane 3 Beds 3 Baths 2,305 SqFt Residential MLS® # A2251656

Century 21 Bravo Realty
$779,900 ↓ $20,000 36 Sunrise Crescent

Cochrane 4 Beds 4 Baths 2,197 SqFt Residential MLS® # A2259386

CIR Realty
$779,900 ↓ $14,100 196 Emberside Hollow

Cochrane 3 Beds 3 Baths 1,215 SqFt Residential MLS® # A2244467

RE/MAX Realty Professionals
Posted by Jared Chamberlain on
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