Wednesday, August 26, 2009

Selling My Downtown Edmonton Condo

There are so many things that come to a person’s mind when it comes to selling their downtown condo. Where do you start? Who do you talk to? What is your condominium worth? How much would it cost to sell? So here are some free pointers that you may useful.

· Finding a REALTOR® - talk to at least 3 agents from different companies. Ask them about the cost involved and most importantly, how their services differ from others. Because so many people use the net to find information, ask the agents how extensive their internet marketing is and see if they charge extra for the services. Use the net yourself to see who specializes in the area.

· Value of your condo – get an online or a physical evaluation of your condo done by at least 3 different companies, it is a free service. Don’t just choose the agency which evaluated your condo at the highest price. Some real estate agents don’t care about the realistic value and are only concern about getting a listing.

· Current downtown market – be informed, search the blogs and forums, the more you know the better. Talk to your agent about seeing current sales in your area and current market trends. Careful when comparing your unit to others, make sure that the age, size, number of bedrooms and bathrooms are similar. Example: location on the first floor compared to 10th floor will have different value.

· Location, location, location = value, value, value - Condos in Grandin area will definetly sell for more and quicker than Queen Mary Park or other areas near Downtown and Oliver unless they are overpriced to start with. Keep in mind that there are many different aspects to consider about the location and the building. Is there free parking on the street? If your apartment is on Jasper and 102 Street, there isn’t much free parking in the area. Is the building located on the main route like Jasper, 105 Street, 116 Street and so on. The buyer may find it too noisy. Transportation – is the building close to LTR station and major bus stops, shopping centers, theaters, public schools and swimming pools and so on.

· Appearance – of the building, unit, and near surrounding area 1. Neatness, if it is clean that is a good start, 2. Appeal –modern verses outdated, green –trees, shrubs, and other landscaping, add value.

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