How To Price Your Home The Right Way

There 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.

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 42085 River Heights Lane

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

Century 21 Masters

$2,535,000 255 Rockland Avenue

Cochrane 0 Beds 0 Baths 0 SqFt Land MLS® # A2298995

Royal LePage Benchmark

$1,988,000 ↓ $212,000 102 West Terrace Crescent

Cochrane 5 Beds 6 Baths 3,930 SqFt Residential MLS® # A2299478

Century 21 Masters

New

$1,249,900 13 Sunvalley View

Cochrane 4 Beds 3 Baths 1,712 SqFt Residential MLS® # A2339908

Rimrock Real Estate

$1,195,000 ↓ $55,000 79 Sundown Way

Cochrane 4 Beds 4 Baths 2,757 SqFt Residential MLS® # A2335897

First Place Realty

$1,165,000 190 Riviera View

Cochrane 3 Beds 3 Baths 2,495 SqFt Residential MLS® # A2333658

REMAX Innovations

$1,099,000 ↓ $13,500 321 Gleneagles View

Cochrane 4 Beds 3 Baths 1,776 SqFt Residential MLS® # A2334747

The Real Estate District

$1,079,999 27 Ridge View Place

Cochrane 4 Beds 3 Baths 1,724 SqFt Residential MLS® # A2335265

RE/MAX House of Real Estate

$1,000,000 19 Gleneagles View

Cochrane 4 Beds 3 Baths 1,653 SqFt Residential MLS® # A2326207

Century 21 Bamber Realty LTD.

New

$989,000 12 Stellar Crescent

Cochrane 4 Beds 4 Baths 2,533 SqFt Residential MLS® # A2339937

URBAN-REALTY.ca

$985,000 14 Riviera View

Cochrane 3 Beds 4 Baths 2,196 SqFt Residential MLS® # A2338050

CIR Realty

$949,900 112 Sunrise Heath

Cochrane 4 Beds 4 Baths 2,363 SqFt Residential MLS® # A2331914

Real Broker

$949,000 ↓ $50,999 220 First Street E

Cochrane 4 Beds 1 Bath 1,274 SqFt Residential MLS® # A2279789

First Place Realty

$949,000 ↓ $20,000 31 Sunset Point

Cochrane 4 Beds 4 Baths 2,589 SqFt Residential MLS® # A2318833

MaxWell Canyon Creek

$939,000 132 Heritage Ridge

Cochrane 3 Beds 3 Baths 2,344 SqFt Residential MLS® # A2335047

eXp Realty

$929,900 116 Sunrise Heath

Cochrane 3 Beds 3 Baths 2,298 SqFt Residential MLS® # A2331927

Real Broker

$924,500 ↓ $24,500 14 Ridge View Place

Cochrane 4 Beds 3 Baths 1,684 SqFt Residential MLS® # A2331744

LPT Realty

$920,000 ↓ $15,000 172 Ridge View Close

Cochrane 5 Beds 4 Baths 2,462 SqFt Residential MLS® # A2317877

RE/MAX West Real Estate

$915,000 159 Sunset View

Cochrane 4 Beds 4 Baths 2,093 SqFt Residential MLS® # A2330600

TREC The Real Estate Company

$909,900 ↓ $10,000 117 Riviera Crescent

Cochrane 3 Beds 4 Baths 2,265 SqFt Residential MLS® # A2315536

eXp Realty

$899,900 ↓ $99 16 Sunvalley View

Cochrane 3 Beds 3 Baths 2,655 SqFt Residential MLS® # A2294799

eXp Realty

$899,900 32 Heritage Ridge

Cochrane 3 Beds 3 Baths 2,284 SqFt Residential MLS® # A2329420

MaxWell Central

$899,900 503 Rivercrest View

Cochrane 4 Beds 4 Baths 2,761 SqFt Residential MLS® # A2337017

RE/MAX First

$899,800 ↓ $18,200 255 Gleneagles View

Cochrane 5 Beds 4 Baths 2,642 SqFt Residential MLS® # A2329513

Century 21 Bamber Realty LTD.

$898,888 ↓ $1,112 31 Gleneagles Terrace

Cochrane 4 Beds 4 Baths 2,525 SqFt Residential MLS® # A2334182

CIR Realty

$895,000 27 Jumping Pound Terrace

Cochrane 5 Beds 4 Baths 2,536 SqFt Residential MLS® # A2329766

CIR Realty

$894,900 29 Heritage Park

Cochrane 3 Beds 4 Baths 2,482 SqFt Residential MLS® # A2326254

URBAN-REALTY.ca

New

$889,900 27 Sundown Way

Cochrane 3 Beds 4 Baths 2,511 SqFt Residential MLS® # A2335679

CIR Realty

$889,000 87 Sundown Crescent

Cochrane 5 Beds 4 Baths 2,420 SqFt Residential MLS® # A2338290

eXp Realty

Open House

$885,000 407 Rivercrest Road

Cochrane 5 Beds 4 Baths 2,974 SqFt Residential MLS® # A2312679

eXp Realty

New

$879,900 136 Riviera Way

Cochrane 4 Beds 4 Baths 2,639 SqFt Residential MLS® # A2340771

LPT Realty

$869,900 ↓ $15,000 42 Gleneagles Terrace

Cochrane 5 Beds 4 Baths 2,270 SqFt Residential MLS® # A2311053

Royal LePage Benchmark

$850,000 128 Sunset Park

Cochrane 4 Beds 4 Baths 2,262 SqFt Residential MLS® # A2332794

CIR Realty

$849,900 ↓ $25,000 46 Heritage Close

Cochrane 3 Beds 3 Baths 2,104 SqFt Residential MLS® # A2319692

MaxWell Central

$849,900 206 Riviera View

Cochrane 3 Beds 4 Baths 2,260 SqFt Residential MLS® # A2332627

eXp Realty

$849,000 ↓ $15,900 139 Sunset View

Cochrane 5 Beds 4 Baths 2,470 SqFt Residential MLS® # A2320979

Real Broker

$849,000 124 Heritage Boulevard

Cochrane 4 Beds 4 Baths 2,225 SqFt Residential MLS® # A2338531

LPT Realty

New Open House

$849,000 97 Sunrise Heath

Cochrane 4 Beds 3 Baths 2,273 SqFt Residential MLS® # A2340509

Real Broker

$845,000 ↓ $29,900 64 Heritage Green

Cochrane 3 Beds 4 Baths 2,214 SqFt Residential MLS® # A2324432

RE/MAX House of Real Estate

$839,900 139 Sundown Crescent

Cochrane 3 Beds 3 Baths 2,277 SqFt Residential MLS® # A2319105

eXp Realty

$839,800 55 Riviera Court

Cochrane 2 Beds 3 Baths 1,166 SqFt Residential MLS® # A2334860

CIR Realty

$829,000 ↓ $20,900 113 Sunset View

Cochrane 4 Beds 4 Baths 2,252 SqFt Residential MLS® # A2330309

CIR Realty

$819,900 136 Sunrise Common

Cochrane 5 Beds 4 Baths 2,248 SqFt Residential MLS® # A2329155

CIR Realty

$814,900 151 Sundown Way

Cochrane 5 Beds 4 Baths 2,262 SqFt Residential MLS® # A2306727

eXp Realty

$800,000 99 Sunset View

Cochrane 4 Beds 4 Baths 2,412 SqFt Residential MLS® # A2329115

Real Broker

$800,000 34 Cascade Place

Cochrane 3 Beds 3 Baths 1,303 SqFt Residential MLS® # A2331531

The Real Estate District

$799,900 28 Southborough Lane

Cochrane 4 Beds 4 Baths 2,174 SqFt Residential MLS® # A2315604

Real Broker

$799,900 ↓ $25,000 264 Riviera Way

Cochrane 3 Beds 4 Baths 2,266 SqFt Residential MLS® # A2323729

Royal LePage Benchmark

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