WHAT IS THE MARKET VALUE OF MY HOME?

Before you can make an informed decision about selling your home you often need to verify the Market Value of your Home. Market Value is defined as the price that you could expect to sell your Home on the open market given a normal period of exposure. Receiving an accurate estimate of the Market Value can be crucial if your next purchase depends on the equity in your existing home, or if your finances allow little margin for error. What then is the best method of obtaining the most accurate estimate of Market Value? There are several routes to obtaining  an estimate of market value and a handful of methods which can be employed, most based on accepted appraisal practice. One method would be to simply hire a Certified Appraiser to complete a “market value” appraisal of your home.  Appraisers will prepare market value appraisals and are bound by guidelines to use similar comparable properties which have sold in the past six months. A market value appraisal is just that: an estimate of what the property would fetch on the open market and this typically is the most applicable. Other types of appraisals include income valuations, which are generally used in income producing property and replacement cost, which is applicable for insurance valuation. To have an appraisal prepared you would contact a certified appraiser from the Appraisal Institute of Canada. Some homeowners base their value on their City Assessment and while this can provide a rough estimate, these values can range widely and should not be used as a reliable indicator or your current market value. City Assessments are based on a model of mass appraisal which estimates the broad value of your type of home based on similar homes in your surrounding area. The third method would be to use the services of an experienced Real Estate Agent to evaluate the market value. The advantage of this method is that while Appraisers are bound to use historical methods to estimate the value of your home at the present time, an agent can draw upon the same broad base of comparable sales and can extrapolate into the the future based on current market conditions. This is very important in a rapidly changing market (of rising or declining values) where  you need to know the value based on the intricacies of a complex local market which is in flux. Using this local and up to the minute intelligence, an experienced agent can ensure that you extract every dollar of value and don’t leave any money on the table in an increasing market. Similarly when the market is declining, a good Agent will provide knowledge that will place you ahead of the market and allow you to sell before the market declines.The disadvantage of using an agent is simply the nature of the industry where there are hundreds of agents with a variety of skill sets and competencies competing for your business. This makes it important that you use the most knowledgeable, experienced and trustworthy agent to ensure that the agent does not simply “buy your business” by giving you a favorable number that appeases you and then lets you down later when the market provides you the stark reality of your homes value. Sano Stante Real Estate Marketing  provides premium real estate service to discerning Calgary area clientele for over 30 years. If you are thinking of selling, call us to receive an expert market evaluation of your home.

Sano Stante Real Estate Helps Launch Real Broker in Canada

Technology-Powered Real Estate Brokerage Launches In Alberta with Dan Stante as First Canadian Broker. CALGARY, Aug. 16, 2021 – Dan Stante of Sano Stante Real Estate based in Calgary, Alberta has become the first Canadian broker for The Real Brokerage Inc. (“Real”) (TSXV and NASDAQ: REAX) an international, publicly traded, technology-powered real estate brokerage. “We saw joining Real as a great opportunity to better enable our business,” said Dan Stante. “We are always keen to sharpen the edges and Real is equipped with the right technology, culture and people to provide an advantage to agents in this competitive business.” Mr. Stante is currently a director of the Calgary Real Estate Board and has been integral in implementing technological changes for industry in this role. He is also on the board’s Governance Standing Committee. The other members of the Sano Stante Real Estate team will also be joining Real.

Homemade

Many of you know that we love providing real estate advice to our clients, but we also love making homemade tomato sauce. So we did a thing. We created a min-documentary called, "HOMEMADE." It is about the culture of making tomato sauce here in Calgary, Alberta, Canada. And we want to know what you think of it. In 2019, we let a camera crew get behind-the-scenes access to the tomato sauce making operations of the Stante/Giammarino/Bussoli families. You get a taste of the tomato sauce making traditions that go back decades, and likely, centuries. It’s a story that is rooted in the town of Fossacesia, in the region of Abbruzzo, Italy, where some of our ancestors farmed and fished along the Adriatic Sea, including Anna Stante, and Luisa Bussoli, sisters from the Giammarino family and matriarchs of the Stante and Bussoli families, respectively. These family traditions were brought to Canada decades ago by our elders who fled war-torn Italy, and are now continued by our younger generations. Let us know what you think of this documentary. If you like it, please share it with your friends and family. If you have your own stories of making tomato sauce, let us know about that too. Let’s make 2022 a year to re-connect over a glass of wine and some fine homemade tomato sauce. Ciao, The Sano Stante Real Estate Team

Selling a Home

SELLING A HOME: STEP BY STEP A home owner’s step by step guide to selling property in Calgary. STEP 1: MARKET ASSESSMENT & MARKETING PLAN This stage is where we interpret how the market will receive your home, and how we will position it in the best possible light. Our assessment and marketing plan will examine: Condition and features of the home Time frame to sell Neighbourhood and comparable sales STEP 2: STAGING & PREPARING YOUR HOME It can often take some time to stage and prepare your home for sale in order to receive the most value for your home in the least amount of time. It is important to ensure there are no incomplete projects when buyers view the home, and staging creates a more positive impression and allows buyers to easily imagine themselves living in the home. STEP 3: MARKETING YOUR HOME When we bring your home to market, we use methods of advertising to cooperating REALTORS® and the public that have proven effective. Here we will implement your personalized marketing plan, including: Professional, highest quality photographs, Public and REALTORS® open houses, Exposure on the MLS® System, REALTOR.ca and syndication to 21 national and international real estate websites STEP 4: NEGOTIATING YOUR OFFER Once a buyer, or multiple buyers, have an interest in your home, we work in your interest to get the most favorable terms possible resulting in a sale. Terms other than price that can be negotiated include: Possession date Conditions Deposits Tenancy at will Terms of Sale STEP 5: CLOSING Closing is the process of completing the sale and receiving the funds for your home. We work with a select group of trusted partners to ensure that your transaction closes smoothly and without a wrinkle, including: Lawyers Banks & Mortgage brokers Trades Moving Companies