Home Valuation in Toronto
Whether you’re buying or selling a home, a home valuation in Toronto can help you make the right decision. Also known as a property valuation or appraisal, real estate valuations in Toronto can give you an idea of how much your home is actually worth. This can help you set a fair price if you’re putting your home on the market, or it can even be used to determine the equity you’ve built up in your home for an eventual sale down the line.
If you’re looking to sell your current home and buy another home, you’ll also need a proper home valuation in Toronto so that you know how much you have to work with, and how much you’ll need to borrow. The right valuation might even encourage you to sell now, knowing that you may be able to get more for your home than you ever thought possible.
Getting a Home Appraisal in Toronto
It’s true that you have many options when it comes to real estate valuations in Toronto. You could always hire a surveyor, but that could cost upwards of $1,000 or more. You could ask your lender, but that’s commonly done during the sale process.
Unfortunately, websites that get their data from nearby sales and historical information are nice to satisfy your curiosity, but you won’t be able to bank on the valuation you’re given. In fact, it’s not really much of a valuation at all — many of these figures are estimates that are too dependent on surrounding sales to be that useful.
Go With a Realtor Valuations
With the right experienced Realtor that knows your neighborhood and what buyers are looking for, you can actually get a reliable home valuation for your Toronto home that’ll be a lot closer to the real valuation that you’d get from a home inspection or surveyor, minus the steep cost. When you’re ready to sell, a Realtor can also help you get the most out of your valuation as an advocate on your behalf during the sales process, both reducing your burden and maximizing your income.