Pricing your home correctly is a big task. The price that your home hits the market at can make a huge impact on how quickly your home sells, the profit you return, and how many buyers are interested in your home. Real estate agents spend lots of time ensuring that their clients’ houses are priced appropriately for the market and the kind of home being sold. If you are wondering how your estate agent comes up with these numbers, I’m here to give you a little insider information. Continue reading below to learn more about how agents price your home for sale in Edmonton!
What’s in a Listing Price?
- Comparable Listings
One of the main pieces of research agents look at when pricing your home are comparable listings. These are listings that are similar to your home and in the same neighbourhood, that have recently sold. For example, if you are selling a two-bedroom, one-bathroom apartment in Downtown Edmonton, you should compare it with other two-bedroom one-bathroom apartments that have recently sold in the same area.
- Condition of the Property
Another key element that is used to determine the price of the property, is the condition of the home. This value is usually determined by a professional appraiser in combination with your property assessment value.
- Market Climate
The condition of the current market condition is a key factor in how your agent will price your home. For instance, if you are selling your home in a seller’s market the price may look a little different than if you were selling your home in a buyer’s market. While these numbers may not be starkly different, they will better position you to sell your home given the current condition.
Contact me About Listing Your Home for Sale in Edmonton!
Selling your home is a big undertaking. If you are interested in listing your home for sale in Edmonton, contact me today! I’d be happy to help you during the selling process. For more information about properties in the area, check out my brokerage’s website. Additionally, be sure to come back next month for more real estate blog content. I look forward to working with you in the near future!
