With around four million residents, Alberta is the fourth most populous province in Canada. According to the Fraser Institute, Alberta is the second-freest economy among Canadian provinces and US states.
Such a thriving economy attracts more people toward the province, with house sales increasing by 26.55% in September 2021 over the same month last year. In Alberta home buyers are paying an average of $476,190.
If you want to take advantage of this prospering economy and want to sell your home, then bear in mind that the following errors are to be avoided at any cost.
Wait For the Peak Season
While reports will tell you otherwise, there is no best season for selling a house. While spring and fall are considered the hottest seasons for home sales, winters also see their fair share of home sales. Therefore, it doesn’t make sense to wait until spring to list your home, when you can easily sell it in December.
Not Considering Changes
Most buyers would prefer to see the house as a blank slate to decorate it according to their preferences. They also expect more ready-to-move-in conditions. For you, as a seller, this entails updating the appliances and painting the walls a neutral colour. By not considering these changes, you may end up getting too few offers.
In Alberta, home buyers have a system of valuing a property. They will factor in the area, the age of the house, the location, and what repairs they will need to make before making an offer.
If you evade major repairs, the offer price will be far lesser than your expectation, as the buyer will factor it into their offer. To attract a higher offer, make sure that you make those significant repairs, and while at it, make a few cosmetic changes to add aesthetic appeal.
Scrimping on Photography
Photos are a big part of the advertising process, with home sales originating online before the buyer visits the house. If you cut corners when photographing the home, the chances are, your property will be crossed off even before they visit it.
If need be, hire a professional photographer to create a portfolio uploaded online to attract more offers. You may also throw in a few videos of various rooms in the portfolio. Be it a private sale or otherwise, professional photography will get you a good score anytime.
Not Having Your Documents Ready
Home sales can be erratic. When the buyer likes the place, they will want to close the sale immediately. This will require you to have all your paperwork ready.
Suppose you don’t have documents such as purchase contract, copy of the title, mortgage payoff, HOA disclosures and restrictions, property profile fact sheet, real property report, and similar items; the buyer may be put off and start shopping around elsewhere.
Alberta’s prospering economy is attracting a lot of attention, making the housing market boom. Alberta home buyers are always looking for a good bargain. By avoiding the errors mentioned above, you can get the best price for your house, and the buyer can get value for their money.