The process of selling your home in Edmonton has many moving parts, and if you’ve never done it before, it can be overwhelming. Working with an Edmonton REALTOR® who you trust and feel confident in is paramount, and rest assured, will make the entire home selling process much smoother for you. Several things must happen when you sell your home, which we are outlining in this article for you!
Hire a REALTOR®
Hiring the right real estate agent is paramount to your success as a home seller. Your REALTOR® will serve as your guide from start to finish, offering you valuable insights and strategic advice along the way. When it comes time to negotiate a deal, your real estate professional will be invaluable, as they are experts in the skill of negotiating. Your agent will conduct a comparable analysis of the market that will help you land on a list price for your home; they will compare similar listings in your neighbourhood and recent real estate transactions in the area. Working with an Edmonton REALTOR® who you trust and feel confident in will make all the difference when selling your home in Edmonton.
Stage your home
Home staging is an important part of the home-selling process in Edmonton. Believe it or not, home staging has a profound psychological impact on buyers. How a home is staged evokes emotions, shapes perceptions, and influences decision-making. When done effectively, home staging can help buyers imagine themselves living there, creating a positive first impression and fostering an emotional attachment to the home. We have written many articles on home staging that will help define what it looks like:
List your home
Listing your home is more than just posting it to the online market; it’s a carefully curated narrative that showcases your property’s unique features, highlights its strengths, and paints a vivid picture for potential buyers. Selling your home in Edmonton requires you to have high-quality, professional photos taken because your listing photos are one of the first things buyers will see; good photos lead to an in-person showing. REALTOR.ca is the powerhouse of online listings – this is the first place buyers will go to when they are ready to begin their home-buying journey. By investing time and effort into creating an engaging listing, you maximize your property’s visibility, pique buyer interest, and set the stage for successful marketing and showings that can lead to a quicker and more satisfying sale in the vibrant Edmonton real estate market.
Negotiate + accept the offer
Selling your home in Edmonton means you will more than likely have to go through negotiations before accepting an offer to purchase. Negotiations involve more than just price; contingencies, timelines, and additional terms are discussed and refined to create a mutually agreeable contract between you (the seller) and the buyer. Your real estate agent will negotiate on your behalf, and then it is up to you to decide whether or not you want to accept the offer. By accepting an offer, you enter into a legally binding agreement to sell your home to the buyer under the specified terms. This decision should be made with a thorough understanding of the offer’s implications and outcomes; your REALTORS® expertise in assessing market conditions, evaluating offers, and advising on negotiation strategies is paramount at this stage.
Home inspection + address any contingencies
Following the acceptance of an offer, the buyer typically arranges a home inspection to assess the property’s condition. This inspection identifies any potential issues, from structural concerns to mechanical systems, providing both parties with a comprehensive understanding of the property’s state. The buyer’s lender may require an appraisal to verify the property’s value aligns with the agreed-upon price. If the inspection or appraisal reveals discrepancies or concerns, negotiations ensure to address these contingencies. Through your REALTOR®, you and the buyer will communicate to determine how best to resolve the identified issues; this might involve repairs or price adjustments, both aimed at achieving a fair resolution for both parties. The inspection and appraisal phases are critical in ensuring transparency, creating an opportunity to resolve any hindrances while upholding the integrity of the sale.
Close the sale
Perhaps the most exciting part of selling your home in Edmonton: closing the sale! Once an offer is accepted and all conditions have been met, the deal can close when ownership of the property is transferred from you (the seller) to the buyer. Your REALTOR® will work with the buyer’s REALTOR®, lender, and lawyer to ensure all necessary documents are signed, and all funds are appropriately transferred. Once the paperwork is in order, the sale can be finalized, and the keys can be handed over to the new owner. It’s essential to work closely with your Edmonton real estate agent throughout this process to ensure that everything goes smoothly and there are no unanswered questions. With the proper support and guidance, closing the sale can be quick and easy.
Selling Your Home in Edmonton with Realty Unleashed
Realty Unleashed is primarily a listing brokerage. While we do work with buyers, our services were initially designed for sellers. We offer free Edmonton home staging, free listing and move-out cleans, lawn care, curb appeal, and much more – you can read all about our services here! If you’re ready to begin the process of selling your home in Edmonton and are in need of a REALTOR®, you can reach out to us below, and someone from our team will get back to you soon.