Edmonton Fall 2021

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TIMING IS EVERYTHINGWhen spring rolls around real estate listing signs start poppingup like mushrooms. Suddenly the property market comes aliveand REALTORS® jump to a more hectic pace focused on theirbuyers and sellers. The weather is warming and spring gardensare colourfully flourishing. There is an excitement in the air –inspiration enough to get out and about and see what propertieshave come on to the market that might suit your families’ wishlist. A number of variants will determine timing and your decisionto either list your property or look to purchase one.Most young families will choose to list or purchase in the springto be assured their school age going children are settled into newneighbourhoods mostly before the summer, and before the newschool year in early September. Business executives or militarypersonnel might be relocated for the same reason. Listing in thesummer or winter might limit your exposure to the greater buyingmarket when families have their attention towards other realmsof life. And whether you are a seller or buyer, you might preferto move your family in the season of the year that supports thephysical moving process. Spring might just make good sense.The truth is – after the excitement of spring with summer typicallya “time-off” period for family and other projects – fall is thenext best season to list or purchase a home. Remember that thespring rush of numerous listings in your neighbourhood will createmore competition for your property. There are two possibleoutcomes affecting buyers and sellers accordingly; spring buyerswill compete for the best houses that come on to the market –keeping prices at a premium, or an overflow of inventory allowsbuyers to take time and enjoy the range of choice. For this reasonyou could consider your options carefully before deciding onᰠ 夀漀甀爀嘀愀挀甀甀洀䤀猀伀渀氀礀䄀猀䜀漀漀搀䄀猀吀栀攀䤀渀猀琀愀氀氀愀琀椀漀渀 ᴠ圀攀䤀渀猀琀愀氀氀愀氀氀戀爀愀渀搀猀漀昀䌀䔀一吀刀䄀䰀嘀䄀䌀唀唀䴀匀匀瀀攀挀椀愀氀椀稀椀渀最䤀渀一攀眀䌀漀渀猀琀爀甀挀琀椀漀渀 Ⰰ刀攀琀爀漀 ǻ 琀猀 Ⰰ 嘀愀挀瀀愀渀猀愀渀搀匀愀氀攀猀眀眀眀 ⸀ 挀攀渀琀爀愀氀瘀愀挀椀渀猀琀愀氀氀攀爀 ⸀ 挀漀洀䈀甀椀氀琀 ⴀ 椀渀嘀愀挀甀甀洀䤀渀猀琀愀氀氀攀爀䰀琀搀䘀刀䔀䔀儀唀伀吀䔀 ⴀ 䌀䄀䰀䰀吀伀䐀䄀夀㜀㠀 ⸀ 㠀㠀㜀 ⸀ アパート㘀26 REALHOMEADVICE
any family considerations.Is the inventory of homes at a premium or a low?Your REALTOR® will also point to the fact that perhapsthe size and price point of your home may not be anissue regarding timing and attracting the right buyer.REALTORS® may discuss with you the preparation detailsof listing your home, their selling strategies, andthe ease of capturing eager buyers if you are thinkingof selling at the most opportune time. Expensivehomes call for different considerations; as do holidayhomes. Sellers will be looking for that one right buyerwho will afford their home. That one buyer might belooking regardless of the season. And first time buyerscould potentially be on the look out for a small homeand may not have any time constraints. Condos andtownhomes may have their own considerations in thecurrent marketplace.Realistically there might be times when you have nochoice to make the change, nor the time or season foryour listing or your purchase.Focus on the current market and property trends isimportant:Who does the real estate market currently favour – buyersor sellers?What is the short and/or long-term forecast for themarket?How much competition is there on your street?Which bracket does your home fall in to?Which demographic will be interested in your home?Are your families’ needs governed by certain priorities?Is there a rebate for first time buyers? Is there an expirydate?Is the season you move a consideration?What does your REALTOR® suggest?Will buying or selling in the fall season maximize thepotential for your wish list? Discuss all your primaryconsiderations, concerns, needs and requirementswith your REALTOR®. They will bring you up to speedwith what is happening in the market and how thatwill impact the sale of your home, and/or your nexthome purchase. The real estate market fluctuates andchanges from year to year. There are no hard and fastrules. Make sure you proceed by planning strategicallyand accordingly to get the most out of your real estateexperience.What are comparable homes selling for in your neighbourhoodor the neighbourhood you are looking to buyin?REALHOMEADVICE27
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Edmonton Fall 2021

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