How long will it take for my house sell in #Edmonton?

How long will it take for my house sell?

The first question sellers want to know is "how much will my property sell for", but the second one is "how long is it going to take for my home to sell"?

REALTORs always say something at this point but it's rarely the truth because it's just not something that the seller wants to hear.

The truth is WE DON'T KNOW... we can't possibly know exactly when your house is going to sell!

 
We do have something, though, that can help us predict with some degree of accuracy how long it could take to sell. It's a chart called the Absorption Rate and EREB (Edmonton Real Estate Board) produces a new one every month.

The absorption chart is good for predicting days on the market but it's also like a crystal ball allowing us to look into the future for things like...

If the home prices will move upward, stay the same, or come down

If the days on the market will increase, stay the same, or decrease

If a buyer's market, a balanced market, or a seller's market is coming

Generally, people don't know this information or, more importantly, how it will affect their plans. The most profitable moves in real estate are planned in advance but most folks do not plan. In fact, they don't even speak with a REALTOR until they want to do something or worse yet after they've already done something.

This next statement is absolutely worth underlining...

Hire your REALTOR long before you intend to do anything in real estate buying or selling! That way you'll know what's going on and what's coming up then let what you learned with the information dictate exactly when you should be buying or selling.

Ivan Abelar
REALTOR¤
Ivan@premierteam.ca
www.PremierTeam.ca
Ivan Abelar

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