According to an article by Phoenix Real Estate Agent Jay Thompson, there are Immutable Laws when Buying and Selling Real Estate. We thought some of these laws were interesting and applicable to Edmonton homeowners so we decided to share them with you:
“It does not matter what your home was worth in the past.” When it comes to real estate, the market fluctuates, trends develop, and property values decrease. Homeowners looking to sell their Edmonton homes, need to live in the present and accept what their home is currently worth. It will save you the headache and stress during the rest of the selling process.
“A home is worth what a buyer thinks its worth.” Folks often wonder why their home sat on the market for so long when its asking price was ‘reasonable.’ At the end of the day it comes down to finding the Right Buyer. If that buyer agrees your home is worth your asking price or close to it, and they can obtain the funds then your home will sell. That’s why Team Paranych doesn’t just throw your home on the market, our Your Home Sold in 30 Days Program helps find you the Right Buyer.
“Money spent on maintaining your home adds zero to the home’s value (though maintenance will help keep your home’s value from decreasing.” If you are looking to sell your Edmonton home, don’t spend hundreds of dollars on home renovations! For every dollar that you spend, you’re only going to get about 25 cents of it back. Focus more on your home’s curb appeal, it’s cleanliness, and try adding a fresh coat of paint. Watch Terry’s Real Estate Minute: Edmonton Home Renovations- Are They Necessary Prior To Selling for more information.
If you’re looking to sell your Edmonton home or looking for an Edmonton home for sale, trust the Terry Paranych team.