Monday, July 5, 2010

Should You Sell Your Home?

Home for Sale
Millions of homes are sold every year. Even though each transaction is different, all sellers want the same result – the best price in the least amount of time with the fewest problems.
Selling Calgary Real Estate is more difficult than it used to be. As a seller you need to be aware of a range of issues and deal with many complex forms. You also need to know that buyer agents represent buyers and each of them are giving their fiduciary responsibility to their clients.

Successfully selling a property requires the Realtor to have experience and training in areas like marketing, financing, negotiation and closing deals – this is the very expertise that Real Estate Agent offer.

It is Important to Know Why You Want to Sell Your Home.

  1. You should have a clear idea why you want to sell your home. Selling a home is an important matter and there should be a good reason to sell, such as moving to a new community, needing more space, retiring to a smaller home or moving closer to family. Your reason for selling can impact the negotiating process so it’s important to discuss your needs and wants in private with the Real Estate Agent who lists your home.

    To get an idea of whether it’s a seller’s market or a buyer’s market, many people start by looking at online or printed real estate guides to research the current market and the price of comparable properties.

  2. Is Your Home Ready to Be Sold?
    The home-selling process typically starts several months before a property is made available for sale. For best results when selling your home, you need to look at your home through the eyes of a prospective buyer and determine what needs to be cleaned, painted, repaired and thrown out.

    Ask yourself: “If I were buying this house, what would I want to see?” The goal is to show a home which looks good, maximizes space and attracts as many buyers – and as much demand – as possible.

When setting a list price for your home, you should know the current market conditions. Consider the following pricing factors:

  • If you set the price too high, your house won’t be picked for viewing, even though it may be much nicer than other homes on the street. You may have told your Real Estate Agent to just bring an offer, but compared to other houses for sale, your home looks way too expensive to be considered.
  • If you price too low, you’ll short-change yourself. Your house will sell promptly, yes, but you may make less on the sale than if you had set a higher price and waited for a buyer who was willing to pay it.

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