🏡 Unlocking the Value: How to Evaluate Your Home or Condo

In this insightful video, Michael Prior, your go-to real estate expert from The Prior Group at Keller Williams, takes you through the intricacies of property valuation. Opening with the wisdom passed down by his father – “Everything is only worth what someone is willing to pay” – Michael delves into the challenges of pinpointing an exact value for your property.

He breaks down the evaluation process, focusing first on freehold homes. From square footage and lot size to matching beds, baths, and the impact of parking spaces or a garage. For condos, the process often includes a price per square foot, factoring in floor height, sunlight, and unique features like a terrace.

Michael emphasizes caution when using the MPAC value of your home, as it may not accurately reflect your property’s true worth in today’s real estate market. He suggests seeking professional assistance, either from an appraiser or a registered real estate agent when seeking a home evaluation, as they understand where the market is and what comparable properties are better than others.

📞 Contact Michael: 647-376-7367 🌐 Visit The Prior Group: https://www.thepriorgroup.com/

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