Each year the Realtors® Association of Edmonton gathers together a group of economic experts to share their thoughts on where we are headed for the next 12 months in terms of: the economy, world events and at a more local level, how this will effect the housing market for our clients.

This year’s speakers included: Steve Sedgwick the Chair of the Realtors® Association of Edmonton, Todd Hirsch - Chief Economist, ATB Financial, John Rose – Chief Economist, City of Edmonton and Christina Butchart – Senior Market Analyst, Canada Mortgage and Housing Corporation (CMHC).

Here is the list of their highlights and predictions for our market:

1. Total sales for the Edmonton market will drop by 2%. Down from 17,298 homes and condos sold in 2015 to around…

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Are you thinking of selling a house or condo in the metro Edmonton area this year? You might want to consider doing it now.

Here’s why.

1. Less Competition – Most home sellers fall into the trap of waiting until Spring. These sellers are going to be in competition with a lot of other folks who will be putting their up homes onto the market at the same time. Be smart. Do it now and you might have the only home for sale in your neighborhood. This is a perfect opportunity to sell quickly and for full market value.

2. Quality Buyers – Buyers looking now are serious. Usually, they are under some pressure to select a home and buy it quickly. If you can offer a quick possession, we can often negotiate a premium price for you.

3. You Save Time -…

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Situation

Chris was wanting to leave town and get back to his family in British Columbia. He had tried listing with a one or two traditional REALTORS® but were not able to sell the house in Kiniski Gardens for him. Chris asked Stuart Neal the broker of Vital Home Realty to meet with him for a consultation. Together Chris and Stuart agreed on a course of action that would best prepare the home for sale. They also agreed on how they would ‘position’ the home in the market, so that the house would sell in a timely fashion.

Result

We generated 4 separate offers, we negotiated full market value and saved Chris several thousand dollars in commissions.

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