Frequently Asked Questions - Calgary Real Estate
1) What is today’s Real Estate Market Like?
One of the big indicators that show the state of the market is the average days a property has been on the market. Another example which we show to the seller is the number of closed transactions year-over-year for any given month, average list prices, and the average sale prices.
2) What steps do I need to prepare my home for selling?
It is all about the first impression and always giving your home its best shot. Curb appeal before they reach the door is important, so make sure there is no outside mess, and in summer the grass is cut and shrubs pruned. Inside, remove all clutter, put what you don’t need away, and fix any small paint jobs.
4) What is my home worth?
With market comparables, actives and solds in your area we present a CMA price range where the price of your home sits. Adjusted by upgrades, we arrive at the competitive price your home should be listed at.
5) Is the assessed value an indication of market price?
Not really, there are many homes that are sold for more than assessed value and many sold for less. The assessed value is used to determine your yearly tax rate. However, there are many home buyers who believe that if a home is listed over assessed value, it is overpriced.
6) What do you use in a CMA (comparative market analysis)?
We look at the “comparable” solds in your area within the past 6-8 months and current “comparable” actives to see what your listing competition is. Comparables would be (but not limited to) comparable square footage, number of bedrooms & bathrooms, developed or not basement, walkout vs. basement, roof age, lot features, kitchen upgrades, style of home, windows condition, and flooring type.
7) When is the best time to sell my home?
Every real estate market is different, and a well priced home in good condition will always sell quickly in most markets. Seasons are important, it may take longer to sell in the snowy winter months. Selling in the fall is sometimes good, before winter comes along. But also February or March can be good if it is mild weather, before most sellers wait for the grass to green to list in the spring, and you can have a lot less competition to sell against.
8) What makes you different to other licensed realtors
Experience in all markets, and pretty well all communities for the past 20+ years. Stewart has also been a Certified Guild Member of The Institute for Luxury Home Marketing since 2010, based on documented sales in the Calgary & Area Market, both Residential & Rural
9) How long will it take to get my home on the market.
From our initial Marketing Consultation, usually it takes about two weeks. With a listing agreement, professional photographs, RMS measurements, video walk-through and high end glossy brochures. Once we have everything together – we hit the market running which includes social media, and putting your home in front of 5,000 realtors.
10) Leave the rest to us!
2022 is predicted to be a Balanced Market and it may be a good time to lock into a good rate. Call today to book a market consultation, we will be happy to go over everything in detail, including our Marketing Strategy to get your home Sold!