SELL YOUR HOME
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“Selling a home can be stressful, unless you are armed with the right information and marketing plan . We’ve painstakingly developed the ultimate road map every seller should read before selling a home in Alberta”
Hello, thank you for taking a moment to review the following step by step guide to selling a home in Alberta! In the following 6 Easy Steps below you’ll find a quick overview of the AlbertaRE Real Estate team Seller’s Guide, a 60+ page e-book we’ve diligently wrote that breaks down the entire process of selling property in Alberta.
You’ll find the 6 Steps every seller should read prior to selling a home in Alberta itemized below. We promise, these 6 steps will give you a Great Start!
Our full guide on the other hand – will give you a Great Advantage as it is literally chalked full of Real Estate marketing hacks and strategies to help ensure you’re in a Position of Power when selling your property in Alberta.
If after reading the below brief introductory to our guide you feel you’d receive exceptional value in reading the entire 60+ page e-book (which includes all of our team’s top negotiation strategies and insider views to constructing a marketing strategy to absolutely ensure you position your property on the market in the most advantageous way possible) Scroll to the bottom and download the report! Happy Selling!
6 Steps every seller should read prior to selling their home in Alberta.
1.) Get all your documentation in order prior to going to market
If you are selling a Single Family home or a Bare Land condo you’ll need an RPR (Real Property Report) What is a Real Property Report?
A Real Property Report (RPR) is also known as an Alberta Land Surveyor’s report. An RPR is an important part of the sale process as it is used to determine the property dimensions and ensure there are no encroachments or property enhancements that are not permitted by the city.
It is important the seller provides an up to date RPR that shows all the property improvements and has a stamp of compliance from the City, Town, or Rural County. The purchase contract we use, states the seller is to provide the buyer an RPR with a stamp of compliance.
If you have a recent RPR on file and no changes have been made to the property that aren’t already reflected on the property, it may be sufficient. If not, you will have to order a new one (or an updated one if applicable). This process could take up to 6 weeks so it is best to get started on this during the pre-list phase.
If your property is a bare land condo, you’ll still need an RPR. Conventional condominiums do not require this.
Below is an example RPR with a stamp/certificate of compliance from the City of Calgary. All land improvements are noted on a RPR including but not limited to: Concrete sidewalks and driveways, asphalt, wooden decks and stairs, sheds, garages, window wells, fences, retaining walls, and cantilevers.
If you have a condo, you’ll want to get all your condo documents ready
Your AlbertaRE Realtor® can help you itemize and determine which documents you already have on file and which ones you may need to order from the management company to prepare for your sale. A majority of the condominium management companies have migrated their document ordering process to sites such as condopapers.com and condodocsonline.com where you can simply check off the documents you need, add them to your online cart, order, then download the pdf versions.
2.) Go view your competition
Put yourself in your potential buyers shoes! If you were the buyer, which home would you choose to buy. It’s important to stay objective here
3.) Price your home properly
Having the right pricing strategy in place is the best place to start. Knowing the area sales data, the current properties for sale that are direct competitors, and factoring in market conditions and absorption rates are all key indicators of where a homes should be priced to accurately reflect value.
Always Keep Time on Market – Top of Mind!
Too often we see properties listed higher than the market value that end up sitting on the market, going stale. It’s important to remember that the longer a property is on the market, the less likely a buyer will be willing to pay close to the asking price.
When pricing your home we have to remember that any negatives associated with the property will impact the amount a buyer is willing to pay. For example backing a busy road or gas station might not bother you, but you can be sure it will bother 90% of the buyers looking for a new home. The same is true for the positives your home offers. If your home is on a large pie lot, backing a park or a condo on a higher floor buyers are typically willing to pay more for these features.