Montreal Real Estate .net

How can you determine the current value of your home? Well there are many vaiables that come into play in Montreal, but generally speaking if you can follow these guidelines you should come to a very close approximation of the current value of your house.

1. Contact a Montreal real estate agent and request a comparative market analysis (CMA) that lists the sales activity of homes in your neighborhood during the past year.
2. Review the CMA report to examine the sale prices of similar homes in the Montreal area.
3. Study the CMA report to determine the extent of real estate activity in the area, including the percentage of homes actually sold out of all homes listed for sale and the average amount of time for selling a home in the area.
4. Drive by neighborhood homes listed in the CMA to get a feel for the general appearance and current market value of similar homes in the Montreal area.
5. Ask local real estate agents for their input on the resale value of your home, based on current market conditions and a CMA.
6. Consider obtaining a professional appraisal to determine the resale value of a home.
7. Determine the resale value of your home based on a comparative market analysis and the opinions of professional real estate agents.

Remember this:

• The golden rule of real estate - location, location, location - is typically the most important factor in determining the value of your home. This is true for real estate in Montreal as it is anywhere else.
• Agents may have access to a limited history of sales in your area

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