How much are homes selling in my neighbourhood is a question you should ask you Realtor and if you don't have one, submit a request via our link at: Homes Sold In My Area, its free with no strings attached.
You can choose by a specific neighbourhood, type of the property, age, size, and etc. If you own an apartment condo or a townhouse, you can see which units have sold, for how much, and in how many days. You will also be able to view details as to size, number of bedroom, bathrooms, floor location, upgrades, flooring, parking, as well as the photos, which were provided by the listing agency, when the property was active. As all the licensed real estate agents in Alberta have access to the MLX data base, which keeps track of all the homes that have sold via MLS System in a specific area, condo complex, town, and city, the information which is provide can be verified by calling your local real estate board. Since the birth of internet, transparency and easy access to information, made it possible for sellers and buyers to be more informed and selective as to the services that they acquire. It also made the real estate industry more professional and diligent as to the information it provides.
Going back to the question of "how much are homes selling in my neighbourhood?", you have to keep in mind that no two homes are alike and without great knowledge and experience in placing the value and positioning a property in the right price range, a private seller may at times undervalue or overprice their home. Many factors come into play when evaluating the property in a particular market. Changing market conditions can also greatly affect what a home will sell for. It's definitely worth your time to obtain at least 3 professional opinions. Keep in mind that no two realtors are alike and some will position your home in a higher price range just to get a listing with intention to reduce the price within a week or two. Buyers are very suspicious when it comes to price drops, so it is very important to position your home in the right price range initially.
If you would like to know which homes have sold, for what price, and in how many days in your neighbourhood, send a request by email to >>> Homes Sold In My Area <<< Absolutely FREE & NO OBLIGATIONS!
Blog Author: Derek Hulewicz, REALTOR® at RE/MAX Real Estate Edmonton phone: 780-220-4224