How to Determine the Optimal Price of Your Home
An Overview of Real Estate Pricing
Home buyers will determine the market value of a home based on their analysis of what comparable homes have sold for in your neighbourhood.
A nearby park is the kind of thing which can substantially increase the value of your house
This process will be facilitated by their real estate sales representative who will conduct a market analysis of a neighbourhood using historical data (e.g., TREB)
The value of a home will be largely determined by this comparative process. Comparative Market Analysis is the most effective method by which to determine what potential buyers will be willing to pay for a home.