A seller who plans around the top-line sale price rather than net proceeds can be caught short at closing once commission, legal fees, mortgage payout and any property tax adjustment are all subtracted, particularly if a discharge fee or an unexpected repair condition comes up along the way.
This is also where an inaccurate online estimate causes the most damage, since it typically cannot account for a legal secondary suite, an unpermitted renovation or the specific condition of the home, all of which move the real number away from an automated guess.
Getting the net number right before listing lets a seller plan the next move with confidence instead of a rough guess.
Get your hand-reviewed valuation from Joel Dyck.