This is a continuation to our previous post THINGS EVERY EDMONTON HOME BUYER SHOULD KNOW THIS 2016.
In our previous post, we discussed how Edmonton homebuyers could make a real estate transaction easier and less of a hassle. This time, we’d like to share how Edmonton home sellers, for their part, can contribute to making real estate faster and more efficient.
EDMONTON HOME SELLERS
Realtors conduct a Comparative Market Analysis to figure out the fair market price of your Edmonton home. Remember, your Realtor will work for your best interest, that’s the reason s/he wants to sell for the best price.
There are instances where home sellers speculate. Since they heard or read that the real estate market is doing well, they’ll jack up the selling price 10%, 20% or more. Please understand, even if the real estate market is doing well, an overpriced property still wouldn’t sell. If the property doesn’t sell, the Realtor will end up with zero compensation. Ouch!
See? It’s more profitable for you to follow the Comparative Market Analysis result.
If you still don’t know, the Edmonton real estate market is currently under the Buyer’s Market cycle. That means there is more supply than demand so buyers have the upper hand. They can pick and chose Edmonton homes to their heart’s desire. Overpricing now would be foolish, but you can do a few tricks to increase the selling value of your home. Make your property more attractive by cleaning, decluttering and even applying a fresh coat of paint in the rooms.
You can follow a few of our suggestions here: 5 EDMONTON HOME ORGANIZING SUGGESTIONS
In order not to be too disappointed, it’s best not to expect a full price offer. Buyers would always play the negotiation game. There are a few special buyers that would still offer the full price but if an offer comes in (even if not in full price), accepting it is more advantageous. Waiting more than 7, 15 or more days to accept is detrimental to the sale. Play ball and if you and buyer agree in a middle ground, grab the opportunity. If you feel you’re being shortchanged, seek the advice your Realtor.
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Note: Remember, you can access all our available Homes For Sale in Edmonton through our Edmonton MLS Listings page.
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