Vancouver Island Real Estate Information

When deciding to sell your Vancouver Island home, one of the most important factors is a reasonable expectation of your home’s value. By providing you with a comparative market analysis, or CMA, we can help you discover this fact.

Before setting a list price, get a market evaluation of your property. Rather than pulling a number of a hat because it suits your needs, we will be able to provide you with current statistics on recent real estate sales and listings of comparable properties in Nanaimo, Duncan or Victoria real estate markets, for example, to show that your property will be priced competitively. We will also provide you with a list of comparable properties that did not sell to show you what price range the market won’t bear.

Please keep in mind that although you may have been advised to list your home at a higher price by a competing realtor, it is not always the best strategy. An overpriced listing will discourage potential buyers, and their salespeople will put it aside as too high a price. Yes, the price can be reduced but at a cost. If there are price reductions, there are several things that can happen. Your home is on the market for a longer period of time. The longer it’s on the Vancouver Island real estate market, buyers tend to become suspicious that something must be wrong. In order to get any action on your home, you may have to lower your price even further.

Setting your initial price at just above fair market value is the ideal strategy. This is where we can help. Using a comprehensive market analysis, we will be able to suggest a list price that will be competitive with the current market. By showing you what comparable homes have sold for and what homes haven’t sold, we can help you price your home competitively with the current market to gain a fair sale price. For more information or to get a Vancouver Island market evaluation on your property click here.