4 Tips for Comparing Listings in Houses For Sale in Saanich BC

Posted by citynestca on February 22nd, 2021

Are you looking for Houses For Sale in Saanich BC? Then the first thing you would do is open a good real estate website like City Nest and compare different properties. But are you sure you are doing this step rightly? 

Let’s take a look at a few tips that help us in our comparison work

1 – Compare listings sold rather than listings available 

This might be a new one for many buyers. But the idea is to get the exact property valuation rather than listed prices (which may or may not match the market value). For example, if a seller says that he is listing the house at 0,000 simply because his neighbour has it listed at 0,000. But all sold properties are retailing at 0,000 levels. This means that the property is worth the 0,000 levels. As a buyer, you can filter by listings marked ‘sold’ in the last six months to get an accurate value of the houses for sale you are interested in Saanich BC. 

2 – Check the property’s surroundings

Is your property located next to a noisy site like rail tracks, stadiums or airports? Does the back of the property join a waste dumping land? If so, then it might have a lower value of the property. When you compare properties, check for the external surroundings too. This will help ensure total convenience for your loved ones who will reside in the new home. Negative billboards or noisy neighbours too can decrease a property’s value. So your comparison work should account for these problems. 

3 – Compare the right way

If you compare a two-storey structure with a single level condo, then it will provide wrong insights. You need to do as ‘apple for apple’ comparison to ensure that it provides the right details about the property value. You need to factor in a few key pointers like 

1. Location, which should account for similar properties in the same neighbourhood

2. Number of bedrooms/ bathrooms should be the same

3. Size of the property

4. Number of years of existence so that a 1-year-old structure isn’t compared to a 10-year old building 

5. Upgrades to a property that enhances its value compared to other similar properties. 

4 – Compare everything 

You need to account for both, interiors and exteriors when comparing properties in Saanich BC. A typical thumb rule is to offset 10% to 15% of the square footage when comparing different listings. You may not get a lot of listings with the exact same square foot data, so this minor variation is allowed.  

To conclude

Comparing properties is like sleuthing on the other properties and then arriving at the pending purchase's viability. These tips will help you compare smartly, so that you get the best deals in Saanich BC Real Estate.

Mark Adam is the author of this article. To know more about Cordova Bay real estate please visit our website: citynest.ca

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Joined: February 17th, 2021
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