1) What is today’s Real Estate Market Like?
We are currently in a Seller’s Market with limited inventory.(February 2022) One of the big indicators that show the state of the market is the average days a property has been on the market, and at the moment it is not long. Another example which we show to the seller on our Market Consultation is the number of closed transactions year-over-year for any given month, average list prices, and what they Sold for.
2) What should I do to get the home ready?
We did a Blog before this one covering this. But it is all about the first impression and always giving your home its best shot. Curb appeal when the potential buyer drives past or before they reach the front door is important. So make sure there is no outside mess, and in summer cut the grass and weed-wack the garden edges. Remove all clutter. Remember - if you don’t need it – put it away. Fix any small paint jobs or broken tiles, they want to see that you looked after the home.
3) In this Market what is your home worth?
In our Market Consultation we show you our Marketing plan, with market comparables, actives and solds in your area we present a full CMA price range of where the price of your home sits. We adjust it by upgrades and condition and we arrive at the competitive price your home should be listed at.
4) Is the City Assessment an indication of market price?
No not really, there are many homes that are sold for more than assessed value and many sold for less. The assessed value is used by the City to determine your yearly tax rate. However, some buyers believe that if a home is listed over assessed value, it is overpriced. If it’s below they don’t mention it!
5) At the Market Consultation, what is in the CMA?
The Camparative Market Analysis gives us a snapshot of the current market and we take “comparable” solds in your area within the past 6 months and current “comparable” Actives to see what your listing competition looks like. Comparables means square footage, number of bedrooms & bathrooms, developed or not basement, walkout vs. basement, roof age, lot features, kitchen upgrades, style of home, windows condition, and flooring type.
6) Is it the right time to sell?
If a home is well priced and in good condition will always sell quickly in most markets. Seasons ofcourse are important, it could take longer to sell in the snow covered winter months. Selling in the fall is sometimes good, and buyers need in before schools start. But also February or March can be good if it is mild weather, before most sellers wait for the grass to green to list in the spring, and you can have a lot less competition to sell against.
Call today to book a market consultation, we will be happy to go over everything in detail, including our Marketing Strategy to get your home Sold!
E: info@CalgaryDreamHomes.com Direct: 403-850-0669