Oakville Real Estate News

How Do Real Estate Agents Determine Your Home’s Value?

Blog by Joette Fielding | November 26th, 2013

How do Real Estate Agents Determine Your Home's ValueThinking about selling your home? Understanding what your home is worth can help you decide how much to price your home and how much it is truly worth.

Local Community

Efficient emergency services and thriving local businesses ordinarily translate into healthy property and home values.

Your Neighbourhood 

Take a look around your neighbourhood. Is it safe? Is it visually appealing? Or does your neighbourhood have a higher crime rate? Real estate agents, as well as potential buyers, look into these qualitative and quantifiable properties while assessing your home's resale value. 

Quality of the School District

High quality schools raise your home's value. Poor school districts have the potential to negatively impact your home's value. 

Community Amenities

Local amenities such as parks and libraries have the potential to enhance local property values. If community amenities are unkempt or dirty, this can negatively impact your home's value. 

Urban Planning & Property Zoning 

Property values can be influenced both positively and negatively by zoning decisions and community development plans. How readily available are local shopping, entertainment and eateries? Is there public transportation available or easy access to a freeway? What is nearby the home for sale? These important issues are things real estate agents need to consider before pricing a home. 

State of the Economy 

Home sales and the state of the economy go hand in hand. When the economy is flourishing, asking prices for home sales go up. When the economy is depressed, it will be more difficult to sell your home, therefore influencing to a lower asking price. 

Perception of Your Neighbourhood 

Whether your neighbourhood's perceptions are negative or positive, realistic or unrealistic, they do influence property values. These perceptions have the potential to lower your home’s price or to drive it up into the stratosphere. 

Natural Disasters

Natural disasters such as floods or tornadoes have the potential to lower property values temporarily after such an event. If a home is in an area where natural disasters are a reoccurring problem, it can depress your home value permanently. 

Content courtesy of 

The Fielding Team 

Your #1 Source for Real Estate! 

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