Terry Paranych Real Estate Group Blog - Selling a Home

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…

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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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Top Moving Tips from The Terry Paranych Real Estate Group

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

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

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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#7 Essential Tips for Selling Your Home Fast and For Top Dollar

Sell your Edmonton home quickly and for the most money possible with the help of these seven home-selling tips.

1. Determine Your Reason For Selling (then keep it to yourself) 

Your motivation for selling plays a crucial role in determining the overall sales process. Are you in a hurry to sell based on a new job or closing date on another property? This will call for a different approach than if you have more time to prepare before listing.

Once you have determined your reason(s) for selling, be sure to keep them to yourself to avoid giving anything away to interested home buyers. If they know you are on a tight moving timeline, they may be inclined to make a lower offer.

2. Get a Free Home Evaluation 

Simply put, a home…

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7 Simple Tips For Selling Your Home This Spring

Are you thinking of putting your Edmonton home on the market this spring? Sell your home quickly and for the most money possible with our top spring selling tips!

1. Ramp Up Curb Your Appeal 

Make your home stand out to potential buyers by boosting your property’s curb appeal. In addition to regular outdoor maintenance (i.e., mowing the lawn, removing debris, trimming trees and shrubs, weeding flower beds, etc.), we recommend the following:

Improve Your Lawn – Address any bare or patchy spots with seeding and watering.

Pressure Wash Your Home’s Exterior – Siding, sidewalks, driveway, windows, porch/deck, etc.

Clean Your Gutters – Remove any leaves, dirt and debris from gutters, taking care to scrub them both inside and out.

Fix It Up…

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