Are you thinking of selling a house or condo in the metro Edmonton area this year? You might want to consider selling now rather than later.
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
You have no yard to clean or no grass to cut. Therefore, you just have to focus on presenting the inside of your home in the best possible light.
The Edmonton area market over the last 18 months has favored sellers of single family homes, due in no small part to the higher levels of interest in single family homes during the Covid 19 pandemic. Single family home values are about 6% UP on last year. This may not continue if pent up supply comes into the market i.e., home owners whom have decided to wait the Covid crisis out decide now is the time. On the other hand, condos have not experienced strong demand and values are still down.
All bets are off in terms of where the market is headed. If more sellers rush into the market because they have heard things are so good this would create an oversupply. The market could turn in just a few weeks from a seller’s market to a buyer’s market.
Consider selling your home now and you can be more certain of getting full market value.
This blog was originally published Thursday, January 7, 2016. It was updated and republished January 18, 2018 and republished again in December 2021.
About the author:
You can read more about the author of this blog by clicking this link - Stuart Neal, Broker, REALTOR® & Team Lead.
We strive to give our home seller clients Better Value & Better Results. To get more information about our affordable full service FLAT FEE home selling program, call our broker owner Stuart Neal at: 780-760-2014 or visit our home sellers page www.FlatFeeRealtyAdvisors.ca
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