Pricing a home should include looking at the current market conditions and trends in your area. Knowing how many properties with similar features are up for sale and how fast they’re being snapped up can help determine how a property should be priced. 

Sought after communities and neighbourhoods near amenities and well-respected schools will typically demand a higher price tag.

A home’s layout can factor into its pricing; most families in his market look for three or more bedrooms on one level.  Open concept, especially kitchen and living areas, is often preferred.  

The square footage of a home and land size also influences the value of a property. 

How old is the property, has it had or does it need major updates, including windows, roof, kitchen, bathrooms, and mechanical systems. These are all factors into pricing. 

When major components of a home have been updated or replaced, many buyers see that as a long-term investment they will not need to spend money on.  On the other hand, "Handyman's Specials" gone wrong, with substandard work, will decrease your home’s appeal and, therefore, the price.

A home with an in-law suite, detached garage or an additional income potential can be important.   With more people now working from home, a well presented separate office is highly desirable.  These are taken into consideration when pricing.   

A Seller’s motivation maybe be taken into account when pricing a property. For example, if a seller has an accepted offer on another property, or they’re being transferred out of town, they may ask for a compelling listing price to attract more buyers.