Edmonton Home Seller Advise:

It is extremely important to price your home according to current market conditions. Because the Real Estate Market is continually changing, and market fluctuations have an effect on property values, it's imperative to select your price based on the most recent comparable sales in your neighbourhood. A so-called comparative market analysis provides the background data upon which to base your list-price decision.

When you prepare to sell and are interviewing Real Estate Agents, study each agents comparable sales report (the data should be no more than 12 months old). If all agents agree on a price range for your home, go with the consensus. Watch out for an agent whose opinion of value is considerably higher than others.

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Edmonton Real Estate Market Advise:

The appraised value of a home is a certified appraisers opinion of the worth of a home at a given point in time. Lenders require appraisals as part of the loan application process, appraisers fees range from $200-$300. Market value is what price the home will bring at a given point in time. A comparative market analysis is an informal estimate of market value, based on sales of comparable properties, preformed by a Real Estate Agent. Either an appraisal or comparative market analysis is the most accurate way to determine value.

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