If you have tried to sell your condo and have had no success, read on. There may be many reasons why you've been unable to hang a "Sold" sign in front of your home. Keep in mind that the real estate market has recently slowed down and is slow to pick back up. Because of this change in the market you may no longer expect the overnight sales experienced in the past. Though the economy is in the process of recovering it will be some time until the housing market fully recovers.
That being said, the housing and condo market in Edmonton, Alberta has been recovering much faster than other cities in Canada.
If you want to sell your home, you need to do look at some basic elements and compare them against certain standards in order to figure out what needs to done. Typically there are 6 reasons why a property does not sell.
Reasons Why a Property My Not Sell:
Get Help: The first thing to do is to enlist the aid of an experienced Realtor. If you're hesitant or insistent on trying to sell your home with a private listing, think on the following: a good Realtor can get you 7-20% more than a private sale (dismissing the notion that you save money with private sales), you don't have to market your home yourself, you get the expertise of someone how knows what they are taking about.
Listen to Advice: Your Realtor has one job, to sell your home. Take their advice and expertise to heart. Do not be surprised if your real estate agent makes several suggestions concerning repairs, upgrades or the cosmetic appearance, this is done in order to make the property more appealing for potential buyers and will typically get you more money for the home. On the subject of money, it is important to understand the market value of your home and what you can realistically expect to get. Many people are misinformed on the current market value of their home and are still under the impression that their property should be worth as much as it was during the boom. Unfortunately the economy simply is not what it was and the housing market has gone done significantly. Do your research and take the consul of your real estate agent.
Stay tuned for part 2 - 31366
That being said, the housing and condo market in Edmonton, Alberta has been recovering much faster than other cities in Canada.
If you want to sell your home, you need to do look at some basic elements and compare them against certain standards in order to figure out what needs to done. Typically there are 6 reasons why a property does not sell.
Reasons Why a Property My Not Sell:
Get Help: The first thing to do is to enlist the aid of an experienced Realtor. If you're hesitant or insistent on trying to sell your home with a private listing, think on the following: a good Realtor can get you 7-20% more than a private sale (dismissing the notion that you save money with private sales), you don't have to market your home yourself, you get the expertise of someone how knows what they are taking about.
Listen to Advice: Your Realtor has one job, to sell your home. Take their advice and expertise to heart. Do not be surprised if your real estate agent makes several suggestions concerning repairs, upgrades or the cosmetic appearance, this is done in order to make the property more appealing for potential buyers and will typically get you more money for the home. On the subject of money, it is important to understand the market value of your home and what you can realistically expect to get. Many people are misinformed on the current market value of their home and are still under the impression that their property should be worth as much as it was during the boom. Unfortunately the economy simply is not what it was and the housing market has gone done significantly. Do your research and take the consul of your real estate agent.
Stay tuned for part 2 - 31366
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