Do I sell my Calgary house on my own or do I need help? It is basically the same as anywhere else, however, at the same time, unique to the economic climate.
Are you considering selling your house in Calgary?
Eventually, there comes a moment in your life when you need changes. Some can do with the small ones, like redecorating the house, planting flowers or even accepting a new job offer. Others strive for something more substantial like taking a one-year tour around the world or selling a house. Even moving somewhere else. Regardless of your reason, if you are reading the article, you must be considering taking this crucial step. There are a lot of ways and methods of selling one’s house. After reading this article, you will learn information that will help you move thru this phase of your life.
House sales by owner;
The majority of people rely on the services of real estate professionals to sell their house. Few, however, prefer trying everything on their own. Basically, both ways can be successful in completing a sale. However, one has many advantages over those who have never experienced this measure. On one hand, when you decide to sell a house on your own, many opportunities are available to you. They may appear to be just captivating at first glance. You; – are the only person who makes all decisions, and no one can influence your point of view; – can save yourself and your family budget from real estate fees; – feel you get to choose who purchases your house; – can “somewhat” monitor the market activity and sell your house on the terms you would like; – you regulate the price of your real estate property, and no person can talk you out of your decision.
Now, selling thru a Realtor;
On the other hand, factoring in all the thoughts from the previous passage, it is necessary to realize the advantages of the other side of the coin. Speaking more precisely, independence and freedom in making decisions that are not influenced by professionals can sometimes be very costly. – real estate agents are by far more aware of the latest trends and tendencies in the market; – as a result, they can start by suggesting the “right” price for your property; – in the event of unexpected situations, the professional, who is working for you, will find the solution with much less effort and within the quickest time period. Remember that any delays in this area can cost you financially; – real estate agent receive fees for their knowledge and expertise and deliver the best value for money; – Realtors will help you avoid hidden traps that an inexperienced seller can fall into. Judging from the preceding overview, you can now better decide for yourself if paying a fee to your real estate agent is worth your invaluable peace of mind and the financial benefits.
Still thinking of selling your house privately?
After reading this and you have still decided to sell your house on your own, you should be aware of some basic information about it. First of all, it goes without saying that you have to be aware of the latest sales activity and market trends. This will not only give you a full picture about the opportunities that are waiting for you but also help make the best of the situation you are in. For example, after researching the market, you will be able to compare prices of comparable properties and deduce the most suitable price you would like to receive for your house. Secondly, you will have to take into account how urgent the selling is for you. This factor can also influence the price of your property. Then, it will be interesting for you to know that there can be some unexpected expenses even if you do not enlist a real estate agent. In fact, it is possible that you will have to pay a buying real estate agent fees. These are usually 3.5% on the 1st $100,000 and 1.5% on the balance of sale. Ensure to verify this at the very beginning before you start negotiating the selling process with a buyer.
Your obligations as an owner of real estate property
Of course, in the beginning, most believe that if you are a property owner, there are no rules, obligations or regulations for you, only your rights. However, when it comes to selling your house, it is best that you remember some unwritten rules to follow. If you do want to get the most out of your sale and avoid pitfalls, you must be aware of the risks. 1) It does not matter if you work with a real estate agent or not, remember to study the market and get an idea about specifics to your situation. This way, you will always be sure in the decision you make. Otherwise, you can either overestimate or even underestimate the price of your property that can greatly affect the sale. 2) Before signing any document, read it attentively and make sure you understand its every detail. (A lawyer is strongly suggested at this time.) Such a cautious attitude to official documents can prevent you from an unexpected situation and help when you are looking for an answer to a problem that may occur. 3) Be ready to invest your time into the process of selling your house. It goes without saying that if you are doing it on your own, it will be very time and energy consuming.
How to arrive at the price of your property
The basic rule for you, in this case, is to go through comparable sold listings, compare and contrast them with the houses that are similar to yours. Take into account the location, size, infrastructure, commuting and other important details. Then, try to deduce what amount it the most appropriate for your property. In the case where you have hired an agent, you will receive the best calculations as based on his or her thorough real estate market research.
The history of real estate prices in Calgary
There is also another positive aspect that can influence your selling decision. It is the tendency and current activity of real estate movement in Calgary. You can see that market has had its ups and down, but in the end, it shows the ability to stabilize. Such market fluctuations are the result of the political and economic situation in Canada. Also, real estate prices are largely influenced by oil prices that are substantially lower now that in the previous years. Nevertheless, Calgary’s market continues to grow and prosper.
What does the sales history show my houses value as being?
Of course, one can easily calculate it taking market stats from the past when the real estate prices, as well as oil prices, were relatively higher. It will give us a clear picture of how the prices went down due to the economic conditions. You may be considering waiting and hoping that markets will rise and the oil prices will increase, taking the real estate market with them. If so, you should consult with a real estate agent who can explain to you all the benefits and the risks involved in such a plan. Ron Christensen of CIR Realty and his team can help you with any questions you have concerning the real estate market in Calgary.