How to Maximize the Sale of Your Home by Asking for Less Featured Image

Of course, you want to get the highest possible price for your home. As such, you may be inclined to list at the maximum price to receive top dollar. But what if we told you that you could potentially get more out of your home’s sale by asking for less? Here, we’ll explore the concept of asking for less when selling your home and how it can lead to a better outcome for both you and your potential buyers.

The Psychology Behind Asking for Less

When potential buyers see a home listed at a slightly lower price, it creates an immediate sense of value and opportunity. Buyers are more likely to perceive a home as a great deal and act more quickly, resulting in increased interest and/or a potential bidding war. By asking for less, you can create a sense…

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 Boost Your Property’s Value By at Least 5% With These Simple Tips Featured Image

Of course, you want to get the best return on your investment when it comes time put your property on the market. That’s why it’s crucial to make calculated, easy renovations before selling your home if you hope to attract the best buyers and obtain the best sale price possible. In this post, we will explore seven practical tips that can significantly enhance your home’s buyer appeal, while boosting your property’s value by at least 5%.

Enhance Curb Appeal

First impressions matter, especially when it comes to selling your Edmonton home. Investing a little time and effort into enhancing your home’s exterior can go a long way when it comes to increasing its overall worth. Here are a few easy ways to improve your home’s value by improving curb…

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Selling Your Home at the Right Time: A Guide for Homeowners Featured Image

When it comes to selling your home, timing plays a crucial role in selling quickly and for top dollar. Here, we’ll explore the many factors that influence the timing of a successful home sale and provide valuable insights to help you make the most informed decisions possible.

The Edmonton Housing Market 

The first step in timing the sale of your home is having a basic understanding of the current Edmonton market and the conditions that set the expectations for both Edmonton home buyers and Edmonton home sellers. When the local housing market is strong (a.k.a. a seller’s market with high demand and low inventory), it generally results in favourable conditions for sellers.

In a seller’s market, where housing supply is limited, buyers have fewer…

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How Long Will It Take To Sell My Home? Featured Image

 

 

How long will it take to sell your Edmonton home? As per the Canadian Real Estate Association (CREA), most residential listings average less than two months on the market (44 days in Summer 2023), with that number slowly decreasing year over year. However, how long it takes to sell your home can vary greatly depending on a few key factors, all of which can affect your sale timeline.

Here’s what you need to know:

Asking Price 

Listing price is the most significant determining factor in how long it takes a home to sell. Keep in mind, this doesn’t mean pricing your home higher to get more money, nor does it mean pricing so low you shortchange your home’s true value. The key is pricing to sell – in which case you’ll need to a) get…

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7 Smart Tips for Getting the Most Money For Your Home Featured Image

Your home’s initial impression on potential home buyers often guides their decision-making process. Edmonton REALTORS® emphasize that even the smallest details can significantly impact a buyer’s perception, especially in a competitive market. So, how can you make your home stand out among the crowd? By creating a memorable viewing experience that’s sure to stick.

Here’s what you need to know about showcasing your home for a great sale.

1. Curb Appeal 

While you have no control over your home’s location, you can still make it the most impressive home on the block. As the front yard will be the first thing potential buyers see, it ultimately sets the tone for their entire visit. Be sure to create a positive impression by boosting your curb…

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Tips For Selling Your Home Fast and For Top Dollar Featured Image

Get the most out of the sale of your home with these top tips.

Tip 1: Determine Your Reason for Selling 

Your motives to sell play a crucial role in the overall selling process. Not only will they affect pricing, but they’ll also impact the time and money needed to prepare your home for listing, how you vet and negotiate with buyers, and much more. For instance, you need to consider which is more important: the money you walk away with or how long your home sits on the market. If you’re hoping for a quick sale, the amount you get for your home may come secondary. Conversely, if maximizing profit is your goal, the process may be longer.

Keep in mind it’s important not to disclose your motivations to the buyer. Sharing too much information,…

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6 Valuable Ideas for Getting the Most Out of Your Home’s Sale Featured Image

The “secret” to making top dollar when you sell your home isn’t really a secret at all. All you need to do is consider a few well-placed investments of time and a little money that will both increase the price of your home and the time in which it sold.  

The following ideas will show you how even minor home improvements can substantially boost the value and marketability of your home. This is crucial before listing your home on the market, as the failure to make beneficial changes can leave you at a disadvantage when buyers compare your home to the competition.

1. It’s the Little Things 

Unless your home is in perfect condition or you’re selling it as a “fixer-upper,” there are likely a few repair or renovation projects to consider. These…

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Top Moving Tips from The Terry Paranych Real Estate Group Featured Image

Whether you’re moving across town or the country, our expert tips will help simplify the process.

Download a Moving Checklist 

Moving checklists are a handy tool for planning ahead, reducing stress and keeping your move on track. They also ensure you remember important details, stay organized and plan your upcoming move quickly and efficiently.

Decide if You’ll Hire Movers 

There are pros and cons when it comes to hiring movers. On one hand, relying on friends and family is a great way to save on moving costs. On the other, movers will help you save time and stress on move day. If you do decide to hire movers, we recommend getting at least three quotes and booking well in advance to secure your desired move date.

Cut the Clutter 

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Real Estate Marketing Myths Every Home Seller Should Know Featured Image

Real estate marketing is critical to selling your home quickly and for the most money possible. After all, without it, how will buyers be able to find your home? More importantly, without the right marketing, how will the right buyers be able to see your home at the right time to attract the best offers?

Simply put, not all real estate marketing is created equal. And knowing the difference will make you a much more savvy (and profitable) home seller overall. That’s why we’ve compiled this list of real estate marketing myths so you can make strategic, informed decisions when it comes to choosing the best REALTOR® and marketing strategy for your home.

Here are the top real estate marketing myths every home seller should know.

Myth Number…

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The 17 Worst Home Renovations You Can Spend Your Money On Featured Image

While these 17 home upgrades can certainly improve your family’s overall enjoyment of your home, they may lack on ROI when it comes time to sell.

1. Master Suite Additions

According to the experts, an upscale master suite addition (i.e. walk-in closet addition, large shower, dual vanities and soaker tub, etc.) will set you back approximately $282,062. There’s no denying that a master suite retreat can deliver endless value when it comes to homeowner convenience and comfort. Still, with an average ROI of only 51.6%, you’re not likely to recoup your initial costs. 

2. Costly Carpeting 

Since carpeting is a magnet for dust, germs and stains, many buyers prefer lower maintenance forms of flooring. Even so, if you have carpeting in your home,…

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