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Clayton & Gina M.
We wish to bring to your attention someone we believe to be a shining star in your organization. His name is Mike Muranetz and he is an agent in your Edmonton office.   Although we are a military family, we have been fortunate in that we have only been posted once before in my husband's 17-year career. At that time we didn't have a home to sell or buy, so when we received our posting message...
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Lenny & Amanda P.
We met Mike three years ago during a very stressful time in our life as we moved from Petawawa to Edmonton.  As a Military family, our time was limited to purchase a home and Mike was there with us day and night until we finalized the purchase. He was dedicated and persevered during a difficult time in the housing market.  Mike had a calm demeanor and found a home...
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The Edmonton Real Estate Blog, Market Information, Advise & Opinion

 
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Don't Overprice Your Home!

Usually, four common strategies are used to price a home. Understanding these techniques can help you get a better deal on your home, while matching your needs.

Over priced Edmonton home for sale sign

1. Greatly overpriced
Every seller wants to get the best price for their home. In a hot seller's market you need to careful with multiple offers, the battle may be won by inflating the price, anywhere from 5-10% of its true market value. Determine a fair offering price range with your REALTOR® (me please) before getting into a bidding war with multiple offers.  Too high a price could leave the home on the market for months (not good). The home could be great, just offered at the wrong price. If it does not sell, it could be considered a problem. The price may have to be reduced to sell it.

2. Somewhat overpriced
Homes in this category also tend to sit longer on the market. The reasons: there may be room for negotiation in the price, or the seller is emotionally attached to the home.

Edmonton Seller wanting more money & buyer offering less money

3. Priced at fair market value
These homes tend to sell within a reasonable time usually within the average Days on Market (DOM), at close to the asking price. Competitively priced, their price represents a thorough analysis of other homes on the market.

4. Priced below fair market value
For various reasons (including health, relocation, condition of the home, divorce, etc), a seller may want to sell a home quickly. This type of sale often results in multiple buyers, with the home being sold quickly.

I can provide you with a thorough analysis of any home you are considering to sell. This price will be based on market conditions, similar homes in the neighbourhood and condition of the home. At the same time, as your REALTOR®,  I'll work with you to find a new home which meets your needs in a great neighbourhood. Call me direct 780-242-5229 or go to my contact page.

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