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Guide to Hiring an Amazing Edmonton REALTOR® Team

The Consumer’s Guide to Hiring an Amazing Edmonton Real Estate Agent image


When you’re buying or selling an Edmonton home, it’s crucial to work with a qualified REALTOR or real estate agent. Not just a professional, but an amazing agent and a market expert. So how do you ensure you’re hiring an amazing real estate agent (or team)?

 

There are currently more than two million real estate professionals in North America. With so many options to choose from, how does a prospective home buyer or seller choose the right agent or broker from the REALTORS Association of Edmonton? According to the National Association of REALTORS®, trust and reputation are the top deciding factors consumers use when hiring an agent.

 

But how do you measure trust and reputation ... and what criteria can be used to help you make your decision?

 

In this guide, we've outlined the top attributes that amazing agents possess to make sure you’re working with the right Edmonton market expert(s) to achieve your Real Estate goals.

  

5 ATTRIBUTES OF AN AMAZING Edmonton AGENTS

As we mentioned above, not all real estate professionals are the same. And it’s easy to be overwhelmed by the options and information about working with real estate professionals to buy or sell your home. In fact, many Alberta Real Estate markets are oversaturated with agents.

 

To help you understand what makes top agents and market experts stand apart from the competition, following are five key attributes of an amazing agent:

 

1.  A Pricing Specialist


Whether buying or selling a home, pricing can be tricky. Market experts can help navigate best-possible pricing strategies, and also secure the home you want within your budget.


2.  An Effective Time Manager


Even a well-intentioned agent may not have the skills, tools or technology to make the experience easy for you. There are lots of hidden activities that may take up unexpected time, and a market expert will save you time and energy.


3.  A Market Insider


Getting relevant and specific market knowledge can be difficult and time 

consuming, which is why many real estate agents don’t have it. Whether you’re buying or selling a home, an experienced real estate agent is often the best source of information about a city, neighborhood, or even street … we’re literally conducting market research every day.

 

4.  A Strong Negotiator


Many agents can feel the stress of the negotiation process, and may agree to terms of the buyer/seller. Working with a market expert will help ensure you get the best deal, not just the fastest deal.


5.  An Effective Closer


Many agents don’t have a firm understanding of contracts. Because a real estate transaction often involves a significant investment, even a small mistake can mean serious trouble. With that in mind, it’s often best, and most responsible, to work with a true market expert.

 

LET'S GET STARTED!

Now that you’re armed with the 5 Attributes of Amazing Agents to ensure you work with the best possible real estate agent, you’re ready to start interviewing agents. Here is an awesome downloadable version

 

 

Audrey & Mike would love an opportunity to win your business. Schedule a free consultation with us to find out how true market experts can help you achieve your real estate goals! Just drop us a line on our contact page. Thank you.







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Griesbach Edmonton

Griesbach demonstrates urban design success at many levels, creating a new community unlike anything else in suburban Edmonton. It raises the bar for quality of the public realm in Edmonton.

 

Redevelopment of the 620-acre former Canadian Forces army base, designed for 13,000 people, is about 25% built and will be completed over the next 10 years. Given its context, it is primarily residential, but includes a village centre and transit-oriented mixed-use centre. The builders are upper scale including Homes by Avi, Dream Homes by Krisner, Landmark Classic & Legacy Homes and Coventry Homes.

 

Tree-lined roadways focus on a central man-made hill. Paths integrated into the overall green system and adjacent neighborhoods accompany a waterway system. This design, combined with traffic calming, heritage interpretation, and the dispersal of parks makes it very people-friendly.The neighborhood names program is based on regimental history, peacekeepers, famous battles, war heroes, military nurses, and Victoria Cross winners.


Griesbach’s guidelines promote diversity, with an eclectic mix of housing forms and styles from garage suites to apartments; homes for families, seniors, and a veterans’ centre. Subdivisions have been designed around existing housing; some were relocated on new foundations. Right in the community is the Major General Griesbach Elementary School from Kindergarten to Grade 9.

Saving and relocating existing vegetation creates the feel of an established community; plans are to integrate evergreen rows into ‘green streets.

 

Various design elements pay homage to the Griesbach neighborhood military heritage. William Griesbach, Edmonton’s second mayor, First World War hero, MP and Senator, is honored with an equestrian statue. A pedestrian crossing of Patricia Lake replicates a Bailey Bridge, a prefabricated bridge used by combat engineers.

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Is Your Home Worth What You Think?

 When determining the value of your home, there are two main ways. Comparative Market AnalysisA (CMA) or an appraisal.


A written justification of the price for a property, primarily based on an analysis of comparable sales of similar homes nearby normally completed by an independant third party through a bank or financial institution. When an appraisal is lower than the agreed upon price of a property and it is a CHMC mortgage, the bank or financial institution may not agree to forward funds to complete a sale, there for real estate negotiations begin again.

A Comparative market analysis or home evaluation is an examination of prices at which similar properties in the same area recently sold, properties currently on the market and properties with offers on them (pending offers). Real estate agents perform a comparative market analysis for their clients to help them determine a list price when selling a home or a price to offer when buying a home.

 

The true value of a home is the value of what a seller wants, what a buyer is willing to pay and of course what the bank thinks!

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Knowing the perfect time to reduce the price of your home?

 

In Edmonton's current real estate market, it's not unusual for sellers to point fingers at the agents and agents to point fingers at seller's unrealistic expectations for a price. It's a catch 22 situation. Sellers say, "Why don't do you do more to sell my house?" Price reductions, price improvements, price adjustments, it doesn't matter what you call it, no seller wants to hear about lowering  thier asking price.

 

Before you agree to reduce the price of your home, ask yourself these questions

    How many hits has your listing received in MLS?
    Do the marketing comments sell the benefits or features?
    How does the house show online; are there a lot of beautiful pictures?
    Is your signage in a prominent location, contain several phone numbers, plus a Web site?
    Do you have a virtual tour published?
    What kind of feedback have you received from agents and buyers?
    Are you offering enough compensation to selling agents?
    Have you had showings and how many?

    How many offers have you recieved?

    How many of your nieghbors have reduced thier asking prices to stay competitive?

    Has your home been on the market longer than the average Days on Market (DOM)?

 

Purchasing a home today in Edmonton's current real estate market is great. Low interest rates and plenty of inventory to choose from and if you want to sell your home, it may be time for a price adjustment.

 

Need a new home pricing evaluation, contact us today. We can help.

 

 

 



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Edmonton Absorption Rates

The best way to know if Edmonton or any city  is in a buyers market or a sellers market is to determine the current absorption rate.

 

An absorption rate is the rate at which homes sell in a given area during a given time period. Absorption rate is calculated by dividing the number of sales in a given month by the number of available homes for sale. It is the inverse of months of supply.

For example, if there are 20 properties listed for sale in a certain area, and 2 properties sold over the last month, the absorption rate is 10/100=10%. Which means, assuming no other homes put on the market, it would take 10 months for buyers to purchase enough properties to absorb the real estate demand.

As a rule of thumb, an absorption rate of 20-25% or higher means that homes are selling quickly and the market favors sellers. Lower absorption rates mean that homes are not selling quickly and supply is much greater than demand, favoring buyers.

 

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Grab the kids and come out to Edmonton's corn maze only a few minutes west in Parkland county!

 

Are you up for a challenge full of gut decisions, clues and unexpected turns? From the air, the maze looks like a beautiful artistic pattern. On the ground, the Edmonton Corn Maze tests your sense of adventure and direction. The labyrinth of paths and corridors is cut into a 15 acre field of corn, and offers a series of clue cards for guidance along the way, with questions for all ages. Don't worry about taking your time to find your way out, getting lost is half the fun! For prices and location -click here

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Please visit our Open House at 11 Par CRT in Lacombe.
Open House on Saturday, October 7, 2017 1:00PM - 4:00PM no
This is an amazing home for a young family, located in the cities west end. As you enter this spacious home, you are greeted by the bright welcoming foyer and the pearly banister leading upstairs to the four spacious bedrooms. The lower level of this great property offers a second family room and a multi-function hobby room which can also be used as a home office. The main living area offers a massive white country style kitchen with high grade, soft cloud linoleum and newer appliances, second bath with stand up shower, formal dining and a grand living room with a brick wood burning fireplace and mantle - perfect for family Christmas. The best part of this 4 bed, 2 bath home is the incredibly private and colossal back yard with a hidden gate backing onto vast green space. Nearby amenities include schools, shopping, golf course.
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