Edmonton Real Estate Market is in BIG TROUBLE

Well don't let anybody blow smoke up your a#* these days about Real Estate.....The fact of the matter is that it is in a very worrysome state. 

Inventory is at a record high and that spells out BUYERS market in a big way!  If you are selling the world is not over but just become more difficult, you must have at least 3 of 4 of the following keys to selling an Edmonton home.

1) Awesome Place (location)- you need people to be currently shopping in your area

2)Great Product (look and feel) - -buyers need to gravitate to to it starting from the outside look and feel as well as a clean and attractive interior.

3)Great Promotion(exposure)- First off you need the most exposure possible, so a Real Estate agent is vital so that it goes onto sites like http://www.realtor.ca/ , http://www.mls.ca/ and http://www.premierteam.ca/
***Best part is you only pay if it sells and you don't need to pay $500 to $1,000 to a private sale company and hope it sell because you already spent money***
4)PRICE>>>PRICE- You need the best price in neighborhood!!! not basing it on what your neighbor is selling for but rather what have the last homes sold for and use that as the ceiling.  With 20-30 options in each neighborhood, you don't want to be one of the homes they never got to see.  Get the help of your Realtor to figure what this is and have them provide you with some comparable sales.  Many agents will offer a FREE Home/Market Evaluation for you.

If you can legitimately meet 3 out 4 of these you can be one of the lucky sellers that sell and not just list....right now 1 out of 10 Edmonton Properties sells.

If you are a buyer.....low ball - low ball - low ball but only after you've established that its warranted, some homes have been priced VERY aggressively and have no room left.

Key thing in this market is to have a guide and professional giving you advice about buying or selling or you may get burned!!

Cheers,
Ivan Abelar
780-953-5251
ivan@premierteam.ca

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