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FROM LISTED TO SOLD
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We’ll help you set the right price
Using real-time market feedback, predictive analytics and 20+ years of Edmonton market knowledge we’ll help you get the highest price for your home.
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You’ll tap into our massive Buyer database and be featured on our site (over 1 Million annual visitors). We’ll help you make a splash across the web and invite your neighbours to your open house too!
Generally, the Spring market is best. In some cases though, selling a home during the fall and winter months might be better. This is usually due to lower competition and more serious buyers at that time of year. General market conditions, inventory levels and consumer confidence will affect your price and days on market. If you’re thinking about selling then start with a home evaluation. You can always wait if your pricing expectations aren’t met.
It’s best to list your home first. While you're prepping your home for sale you should also research the neighborhoods you’d like to live in and even tour a few homes. This will help you determine your buying power as well. You’ll also want to discuss mortgage options with your lender - including port and blending options. If you find a new home you can write an offer subject to the sale of your current home. This ensures you won’t own two homes at the same time.
There are a handful of methods that Realtors use to determine the value of a home. The most common method to determine the value of a home is by completing a comparative market analysis. A comparative market analysis is an in-depth evaluation of active and recently sold comparable homes. It will take into account many features of not only a home, but also the local area and neighbourhood. Considerations that a professionally completed evaluation include (but not limited to) square footage, number of bedrooms and bathrooms, upgrades, lot features and location, and style of residence.
Usually no. They’re estimates at best. While Realtors have access to Edmonton’s MLS with thousands of data points, it can only provide part of the pricing equation. Without seeing a home in person, Agents are unable to account for upgrades, condition and other essential elements of value.
In Edmonton, commissions are generally 7% of the first $100,000 and 3% of the final sales price. Half of this (3.5% / 1.5% is given to the Buyer’s Agent). Commissions can vary from Agent to Agent with some offering a restricted service package at a discounted rate. That being said, you get what you pay for. Board limitations do not allow us to publicly post our variable commission program but we’re happy to share it with you in person.
When it comes to the length of a listing agreement, every real estate agent will have a different preferred length. One thing to keep in mind when asking about the length of a listing agreement is the average days on the market. If the average days on the market is 75 days, a 90 day listing agreement may not be sufficient. The minimum listing commitment for the Edmonton Real Estate Board is 60 days.
Typical closing expenses for single family home owners will include a Real Property Report with compliance. Condo owners are responsible for providing a condominium document package and estoppel certificate. Regardless of the property type, you’ll want to budget for a lawyer to discharge any liens (mortgages, HELOC’s) and transfer your title. You may also have penalties for early termination of your mortgage. Fortunately, Alberta does not have a land transfer tax.