Team Davidson,  Ghada and Sean

Team Davidson, Ghada and Sean

Sales Representatives

KELLER WILLIAMS Real Estate Associates, Brokerage *

Mobile:
416-523-4435
Office:
(905) 812-8123
Email Me

Should You Consider a Home Listed Above its Market Value?

Imagine you see a home advertised for sale in a desirable neighbourhood.
However, you find out the property is listed well above comparable sales in the
area. In other words, above its market value.
Is that listing still worth seeing?
There are many reasons why sellers might list their property for a price that
seems way above the market. The home might have highly desirable features
that make it worth a premium, such as a spacious backyard or a finished
basement. Or, the seller might assume (often mistakenly) that listing high will
result in higher-priced offers.
In either case, the home is likely worth a closer look, especially if it otherwise
checks most or all of the boxes on your wish list.
If there are additional features that have driven up the price, you may find it’s
worth that premium — particularly if those features are important to you.
What if the high price is artificial? Then, chances are, the home will ultimately
sell at close to its actual market value anyway – regardless of the list price. So,
if you make an offer that reflects the real value, you might win.
The bottom line? These listings are usually worth the time to investigate
further. So, schedule that viewing appointment!

Have Questions?