Terry Paranych Real Estate Group Blog - Selling a Home

The Importance of Home Staging when Selling Your Property

Home staging in selling your property is an effective strategy that significantly influences how buyers perceive a home. Staging highlights the property's best features by carefully arranging furniture, decor, and spaces, making it more appealing to potential buyers. Staging can shift the focus to the home's strengths, allowing them to envision living there more easily. This tactic has become increasingly influential due to the growing competition in the real estate market, where every detail matters. A powerful first impression is often the deciding factor for buyers. With the appropriate staging, sellers can position their property more favourably, potentially leading to faster sales and better offers. While seemingly simple, this approach leverages…

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How to Price Your House: A Guide to Attracting More Buyers

When it comes to selling your home, finding the right price can feel like balancing on a fine line. Set it too high, and potential buyers may look elsewhere. Set it too low, and you might not get the full value of your home. So, what's the secret to pricing your house just right? It's all about finding that sweet spot where your listing stands out and attracts the right buyers. Let's dive into some key strategies for pricing your house effectively.

Understanding the Market Dynamics

Before putting a price tag on your house, it's crucial to grasp the current state of the real estate market in your area. Is it a seller's market or a buyer's market? Here’s a quick breakdown:

• Seller’s Market: Fewer homes available, higher demand. You can often…

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How to Pack Your Kitchen Efficiently for a Relocation

Packing your kitchen for a move to or from Edmonton can be one of the most demanding tasks. With so many items, including fragile glassware, bulky appliances, and perishable food, the kitchen requires a strategic approach. Follow our step-by-step instructions on how to pack your kitchen efficiently for a relocation, making sure that everything arrives safely at your new home.

Gather Packing Supplies

Before you begin, make sure you have all the necessary packing supplies. Having these items ready will make the packing process smoother and more efficient. Here’s a list of what you’ll need:

• Sturdy cardboard boxes in various sizes
• Packing paper or bubble wrap
• Dish pack inserts
• Packing tape
• Permanent markers
• Labels or…

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

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

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

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?

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

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

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

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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