Sell Your Home in a Slow Market

By Darlene Strang

If you have tried to sell your condo and have had no success, read on. There may be many reasons why you've been unable to hang a "Sold" sign in front of your home. Keep in mind that the real estate market has recently slowed down and is slow to pick back up. Because of this change in the market you may no longer expect the overnight sales experienced in the past. Though the economy is in the process of recovering it will be some time until the housing market fully recovers.

However, there is some good news. Properties in Edmonton, Alberta are selling very well. The tax records and the Edmonton MLS show thousands of sales in the past few months.

If you want to sell your home, you need to do look at some basic elements and compare them against certain standards in order to figure out what needs to done. Typically there are 6 reasons why a property does not sell.

Reasons Why a Property My Not Sell:

Get Help: The first thing to do is to enlist the aid of an experienced Realtor. If you're hesitant or insistent on trying to sell your home with a private listing, think on the following: a good Realtor can get you 7-20% more than a private sale (dismissing the notion that you save money with private sales), you don't have to market your home yourself, you get the expertise of someone how knows what they are taking about.

Be Open to Constructive Criticism: Yes it is your home and you may be proud of it, but that does not mean that it will sell. Part of a Realtors job is to make your home ready for showing and ensuing that it will appeal to potential buyers. In order to make the process as smooth as possible it is important to maintain an open mind. Be open to the fact that repairs, upgrades and changes in general may have to be done. Never take the pointers as an insult but look at it from the prospective that it will help your property sell that much faster. Another point that many sellers typically find difficult is the listing price. Since the economic boom, many people think that they will be able to sell their home far above market prices. Remember that the economy has suffered and it will take some time before the housing market goes back up.

Stay tuned for part 2 - 31386

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