When pricing a home, multiple factors are considered that ensure the list price is fair and balanced; an overvalued home will sit unsold for months, while an undervalued home leaves money on the table. Here are some ways that an Edmonton REALTOR® helps you secure the best and the right price for your home.
Comparative market analysis
To determine the fair market value of your home, an Edmonton REALTOR® conducts a comparative market analysis (CMA). They evaluate factors like size, features, condition, and location of your home and compare it to recently sold similar properties within the local area. They also consider the current state of the real estate market, including supply and demand dynamics, economic conditions, and other relevant external factors. Based on this analysis, the REALTOR® establishes an accurate and competitive initial listing price for your home, helping you make informed decisions about pricing strategy for a successful and financially advantageous home sale.
Pricing strategy
An Edmonton REALTOR® plays a significant role in developing an effective pricing strategy that strikes a balance between capturing buyer interest and reflecting your property’s true value. They consider comparable sales data and unique features to establish a competitive yet realistic price that positions your property favourably in the market. A real estate professional provides valuable guidance and expertise throughout this process, helping you make informed decisions that align with your financial goals and market conditions.
Objective advice
An Edmonton REALTOR® provides valuable objective advice that helps you secure the best price for your home. Selling a property can be emotional, often involving sentimental attachments and personal investments. As a neutral and experienced third party, a real estate professional provides invaluable objectivity, helping you navigate decisions without being swayed by emotions. They offer insights into market dynamics, pricing strategies, and negotiation tactics and help you make well-informed decisions that align with your emotional attachment and financial goals. This advice becomes particularly valuable during critical junctures, contributing to a smoother transaction process and an outcome that optimizes your home’s value.
Market insights
An Edmonton REALTOR® has insights into the market that are invaluable in helping you get the best price for your home. They stay updated with dynamic factors such as buyer demand, inventory levels, and economic indicators influencing the real estate landscape. By leveraging their understanding of the broader real estate environment, they empower you to make informed decisions that maximize your home’s value within the current market conditions, leading to a successful sale.
Working with Realty Unleashed
If you are thinking about selling your home, we would love to help you. Realty Unleashed is an independent brokerage serving sellers and buyers in Edmonton and Calgary. We are committed to helping our clients every step of the way, making the buying or selling process as seamless and stress-free for you as possible. From day one, our mission has been to change what you expect from your Edmonton REALTOR®. If you are looking for a real estate team who will help you top to bottom, we would love to hear from you – please fill out the form below, and someone from our team will get back to you soon!
