Vancouver sellers reminded to price homes right
The message from realtors in Canada’s most expensive city is clear — price your home right if you want it to sell.
Recent reports have shown that the Vancouver real estate market is back in balanced territory, however, realtors are concerned that sellers are not pricing homes to reflect current market conditions. Sales from listings on the MLS service have jumped 30.3% from January of 2013, but have decreased almost 10% from December.
In a recent press release, the Real Estate Board of Greater Vancouver warns sellers; "If you're looking to sell your home in a balanced market, it's critical that your list price is reflective of current market conditions".
Most sellers will have an idea of the price at which they wish to sell their home, typically based on their own perception of the home's value. However, it is highly recommended to consult with a professional real estate agent, look at comparable homes in the neighbourhood, and take into account the current real estate market in order to ensure the property is being priced properly. Poorly priced properties can sit unsold for months, putting the brakes on the search for a new home.