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Trying to sell your home or condo can be a trying experience, especially when nothing happens. There may be several factors as to why your property is not moving. The first and possibly the most obvious is the recent economic crisis felt all over the western hemisphere. The housing market was severely affected and is only now starting the long and slow process of recovering. Gone are the days where your home would likely sell overnight.

That being said, the housing and condo market in Edmonton, Alberta has been recovering much faster than other cities in Canada.

If you want to sell your home, you need to do look at some basic elements and compare them against certain standards in order to figure out what needs to done. Typically there are 6 reasons why a property does not sell.

They are:

A lack of Planning: Many people think that they can put up their home for sale and sell it themselves. Unfortunately the percentage of sales by owner is very low. Get a Realtor with proven marketing skills and experience. The advantages of having a real estate agent in your corner far out ways the little extra they may cost. As a side note, did you know that Realtor get 7-25% more for their clients compared to private listings, dispelling the myth that not having a Realtor will save you money.

Listen to Advice: Your Realtor has one job, to sell your home. Take their advice and expertise to heart. Do not be surprised if your real estate agent makes several suggestions concerning repairs, upgrades or the cosmetic appearance, this is done in order to make the property more appealing for potential buyers and will typically get you more money for the home. On the subject of money, it is important to understand the market value of your home and what you can realistically expect to get. Many people are misinformed on the current market value of their home and are still under the impression that their property should be worth as much as it was during the boom. Unfortunately the economy simply is not what it was and the housing market has gone done significantly. Do your research and take the consul of your real estate agent.

Stay tuned for part 2

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Comments (0) Feb 18 2010

In part 1 we discussed some basic necessities you’ll need when selling your home or condo. In part 2 we’re going to take a closer look at some very common reasons and problems that sellers face when selling a property.

Your homes accessibility is a major consideration. If your house is easy to find and get to, it will typically move quicker than homes that are difficult to get to. Remember that your potential buyers and their realtors are busy. They will skip seeing your home if it is a hassle to view. Make sure to always use a lockbox so other agents may access your house while you are away. This way the buyer and their agent’s life easier. If security is an issue, use an electronic lock box (they record who accessed your home).

Location is key factor when selling your home. If you are not in a highly sought after area or a central location, make sure that you realtor is capitalizing on the finer points of your area. Many people and families would be interested in a quite area close to handy stores or schools. The biggest part of selling your home is focussing on what you have and what is around you and bring the highlights to the forefront.

Your home should shine! A clean home is far more likely to sell in a respectable amount of time then a less clean or dirty one. Any minor repairs must be done, as well as certain cosmetic aspects of your home. Cosmetics include: painting the walls, steam cleaning carpets, washing base boards, washing and possibly painting cupboards, scrubbing tiles and grout to a sparkly finish. If you are low on time and cannot have the wall painted in time, then hire someone to do it. If money is a concern then wash your walls well. A simple rule of thumb is the cleaner and the more it sparkles the better it is and easier/faster it will sell.

Part 3 of this article series will discuss buyer and seller difficulties and how to overcome them.

To find out more aboutof real estate from Edmonton’s best agent at condos for sale in Edmonton. Get the latest home and condo listings, real estate tips and information for buyer and sellers.

Comments (0) Jan 31 2010